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Mesabi Metallics Secures $520 Million from Breakwall Capital – Advances towards Q3 2026 start of New American Iron Ore Mine

Financing supports U.S. critical mineral security and helps reshore the American steel supply chain

NASHWAUK, Minn., April 1, 2026 /PRNewswire/ — Mesabi Metallics Company LLC (Mesabi Metallics), backed by the Essar Group, today announced that it has entered into a new $520 million senior secured credit facility with Valor Mining Credit Partners II, L.P. (VMP II), a dedicated mining and critical minerals credit fund managed by Breakwall Capital LP (Breakwall) in partnership with Vitol, as it advances toward commercial operations later this year.

Mesabi Metallics Company LLC, an Essar Group company, is constructing a state-of-the-art mine to support a seven million ton per year beneficiation plant and a seven million ton per year pellet plant to produce premium Direct Reduction grade pellets on over 16,000 acres in Nashwauk, Minnesota.
Mesabi Metallics Company LLC, an Essar Group company, is constructing a state-of-the-art mine to support a seven million ton per year beneficiation plant and a seven million ton per year pellet plant to produce premium Direct Reduction grade pellets on over 16,000 acres in Nashwauk, Minnesota.

Located on more than 16,000 acres in northern Minnesota, Mesabi Metallics is completing a $2.5 billion world-scale merchant Direct Reduction (DR) grade iron ore mine and pellet plant that will onshore a strategically important segment of the U.S. steel supply chain.

With over 750 construction workers currently onsite, the project represents one of the largest private-sector industrial investments in the state’s history. Essar Group has already invested over $2 billion of equity into the project. The project has also received support from the U.S. Export-Import Bank (EXIM), underscoring growing federal recognition of the project’s strategic importance to U.S. manufacturing and supply chain security for the American manufacturing, automobile, infrastructure, shipbuilding and defense sectors.

“The partnership with Breakwall is an important milestone for Mesabi Metallics,” said Joe Broking, President and CEO of Mesabi Metallics. “We are bringing to market a brand-new American source of the highest quality DR-grade iron ore that will help U.S. steelmakers reduce reliance on imported raw materials and international supply chains. America is already the global leader in the next generation Electric Arc Furnace-based steelmaking — the cleanest and most energy efficient way of making steel. Mesabi Metallics will create hundreds of high-quality jobs in northern Minnesota for several decades to come and will support the reshoring of American industrial dominance.”

“Mesabi Metallics is a great example of the type of high-quality company and large-scale mining project we seek to partner on — anchored by a long-life resource in an advanced stage of development, with strategic importance to critical industrial development. We look forward to building upon this partnership with Mesabi Metallics and supporting them in their journey,” said Daniel Flannery, President and Managing Partner of Breakwall. “This deal further demonstrates the breadth of our partnership with Vitol, combining credit solutions with global resource marketing acumen, to deliver a multitude of solutions for top tier companies like Mesabi Metallics and world class operators like the Essar Group,” added Jamie Brodsky, Co-CEO and Managing Partner of Breakwall.

About Mesabi Metallics Company LLC 

Mesabi Metallics Company LLC, an Essar Group company, is constructing a state-of-the-art mine and Direct Reduction (DR) grade iron ore pellet plant to produce premium DR grade pellets on over 16,000 acres in Nashwauk, Minnesota. Once completed, it will be the first new mine and pellet plant in Minnesota in almost 50 years. Mesabi’s DR grade iron ore pellets will be strategically positioned to meet the demand of the Electric Arc Furnace market, ensuring supply chain security for DR grade iron pellets in the United States and replacing foreign imported pellets. The endeavor is one of the largest private sector investments in Minnesota. Mesabi Metallics has already invested over $2.2 billion.

About Breakwall Capital LP

Breakwall Capital is a leading energy specialist focused on direct lending capital solutions to middle-market and developing energy companies. As an independent asset manager and employee-owned firm, Breakwall seeks to fill the gap that other financing providers appear reluctant to service. Breakwall is led by Christopher Abbate, Jamie Brodsky, and Daniel Flannery and since 2014, the Breakwall team has built a credit investment franchise that focuses exclusively on energy credit. During its 12-year history, the team has committed approximately $7.5 billion to energy and energy-related companies or projects across more than 70 transactions. Breakwall is headquartered in New York with offices in Texas and Rhode Island. For more information, please visit Breakwall’s website at www.breakwallcap.com.

Dragos Appoints Kaori Nieda as Country Manager to Drive Expansion in Japan

HANOVER, Md., April 1, 2026 /PRNewswire/ — Dragos Inc., a global leader in operational technology (OT) cybersecurity headquartered in Hanover, Maryland, USA, today announced the appointment of Kaori Nieda as its first Country Manager in Japan. This appointment builds on the strong foundation Dragos has established in Japan through its partnership with Macnica, and signifies the company’s deepening commitment to the Japanese market. Nieda will lead initiatives to expand Dragos’s capabilities in protecting industrial and critical infrastructure organizations, as well as other operators of cyber‑physical systems in Japan.

Kaori Nieda, Country Manager Japan, Dragos Inc.
Kaori Nieda, Country Manager Japan, Dragos Inc.

This strategic move underscores Dragos’s dedication to supporting Japanese industrial organizations with world‑class solutions that safeguard operational environments. As Country Manager, Nieda will focus on accelerating growth, deepening customer relationships, and ensuring that organizations across Japan have access to the resources and expertise needed to defend against evolving OT cyber threats.

Going forward, Dragos will continue investing in regional innovation and partnerships to help Japan’s industrial sectors remain resilient and secure in an increasingly connected world.

Nieda is a veteran cybersecurity leader with over 20 years of experience in threat intelligence, XDR, network security, and SaaS‑based security solutions. She has an extensive track record in expanding global security businesses in Japan and brings experience across enterprises, service providers, and public sector organizations. Her background includes building high‑performing teams, executing effective go‑to‑market strategies, and fostering strong executive‑level relationships.

Most recently, as Country Manager of Amplitude Analytics GK, she reorganized the Japan organization, doubled FY23 performance, secured new strategic customers, and rebuilt the go‑to‑market strategy and team. With deep leadership experience and a strong history of launching and scaling businesses in Japan, Nieda is well‑positioned to drive the next chapter of Dragos’s growth in the region.

Nieda commented on joining the Dragos team: “I am excited to join Dragos at such a critical moment for the company’s growth. Industrial and critical infrastructure organizations in Japan face an increasingly complex threat landscape, and Dragos’s mission and capabilities are exactly what the market needs. I look forward to collaborating with customers and partners to strengthen OT cyber resilience throughout Japan.”

Hayley Turner, Vice President for the Asia‑Pacific region at Dragos, added: “Japan is a critical and fast‑growing market for Dragos. Industrial and critical infrastructure organizations are at the center of security and resilience in this region. Expanding our presence in Japan is a top priority, and we are thrilled to welcome Kaori Nieda to lead our next growth phase. Her deep cybersecurity expertise and proven leadership make her an exceptional addition to the Dragos team.”

About Dragos

Dragos is the most effective OT cybersecurity technology to industrial and critical infrastructure organizations as part of its global mission to safeguard civilization. With nearly a decade of experience responding to groundbreaking attacks on OT networks, Dragos understands the complexity and risks of industrial environments—uniquely configured systems operating at scale with strict availability requirements and not protected by traditional IT cybersecurity.

The Dragos Platform provides visibility and monitoring for OT environments—covering asset identification, vulnerability management, and threat detection—powered by continuous insights from the industry’s most experienced OT threat intelligence and services team. It discovers and monitors OT, IT, IoT, and IIoT assets within OT environments and integrates them with IT security infrastructure. Dragos protects customers across electric utilities, oil & gas, manufacturing, water, transportation, mining, government agencies, and more.

Dragos is privately held and headquartered in Washington, D.C., with offices in North America, EMEA, and APAC.

For more information visit: https://hub.dragos.com/2026年-otサイバーセキュリティ年次レビュー-エグゼクティブサマリー

 

Epsium Enterprise Limited Announces Board Changes

MACAU, April 1, 2026 /PRNewswire/ — Epsium Enterprise Limited (Nasdaq: EPSM) (“Epsium” or the “Company”) today announced a change in the composition of its Board of Directors (the “Board”), effective as of the dates described below.

Mr. Kewei Joshua Cui has resigned from his positions as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating Committee of the Board, including as Chairperson of the Compensation Committee, effective March 31, 2026. Mr. Cui’s resignation was for personal reasons and was not the result of any disagreement with the Company’s management or the Board over any matter relating to the Company’s operations, policies, or practices.

In connection with Mr. Cui’s departure, the Board has appointed Mr. Chun Kit Wong as an independent director and member of the Audit Committee, the Compensation Committee, and the Nominating Committee of the Board, including as Chairperson of the Compensation Committee, effective April 1, 2026. The Board has determined that Mr. Wong satisfies the independence requirements set forth in Rule 5605(a)(2) of the Nasdaq Listing Rules. Mr. Wong’s appointment was made upon the recommendation of the Nominating Committee.

Mr. Chun Kit Wong, age 39, brings extensive experience in finance, accounting, and corporate management. Since January 2025, Mr. Wong has served as Chief Financial Officer of One and One Green Technologies, Inc., where he oversees finance and accounting functions and advises on long-term business and financial planning. Prior to that role, Mr. Wong served as Head of Corporate Finance at a Chinese real estate enterprise from June 2023, leading corporate finance initiatives including mergers and acquisitions, financing transactions, financial advisory, and compliance matters. From March 2021 to June 2023, Mr. Wong served as Vice President at Guosen Securities (HK) Capital Company Limited, where he was responsible for originating and evaluating corporate finance engagements. Mr. Wong holds a Bachelor of Commerce in Accountancy from Hong Kong Baptist University.

In connection with Mr. Wong’s appointment, the Company entered into an Independent Director Agreement dated April 1, 2026, pursuant to which Mr. Wong is entitled to receive annual compensation of USD $20,000, payable in equal monthly installments. The Company has also entered into an indemnification agreement with Mr. Wong on the same date.

The foregoing description of the Independent Director Agreement is a summary only and is qualified in its entirety by reference to the full text of the agreement, which has been filed as Exhibit 10.1 to the Company’s current report on Form 6-K filed with the U.S. Securities and Exchange Commission on March 31, 2026.

About EPSIUM ENTERPRISE LIMITED

Through its Macau operating entity, Companhia de Comercio Luz Limitada (“Luz”), a limited liability company organized under Macau laws in 2010, EPSIUM is engaged in importing and wholesaling primarily alcoholic beverages in Macau. Through Luz, the Company imports and sells a broad range of premium beverages, primarily alcoholic beverages and, in 2022, a small quantity of tea and fruit juice. The alcoholic beverages the Company sells include Chinese liquor, French cognac, Scottish whiskey, fine wine, Champagne, and other miscellaneous beverage alcohol. Sales of Chinese liquor is by far the Company’s most significant operations, and the Company is a top wholesaler of high-end Chinese liquor in Macau. For more information, please visit the Company’s website: www.epsium-group.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements, including, but not limited to, the Company’s proposed Offering. 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, including the expectation that the Offering will be successfully completed. 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 in this press release. 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. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the Registration Statement filed with the SEC. 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. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:

EPSIUM ENTERPRISE LIMITED

Investor Relations Department

Email: investor.relations@epsium-group.com

Lucy Martin Named President of Bechtel’s Mining & Metals Business

RESTON, Va., April 1, 2026 /PRNewswire/ — Bechtel today announced the appointment of Lucy Martin as president of its Mining & Metals (M&M) business, effective April 6, 2026. She succeeds Ailie MacAdam, who will retire in May after an exceptional 41-year career with the company.

Lucy Martin, President of Bechtel’s Mining & Metals Business
Lucy Martin, President of Bechtel’s Mining & Metals Business

“Lucy is a proven leader with the strategic vision, deep mining sector knowledge, operational discipline, and customer focus to advance our Mining & Metals business,” said Craig Albert, Bechtel President and COO. “Over more than two decades, she has built diverse, creative, high-performing global teams focused on solving our customers’ most important challenges and is exceptionally well positioned to lead this business into its next phase of growth. We are also deeply grateful to Ailie for her remarkable leadership and lasting contributions to Bechtel.”

Martin brings more than 24 years of experience with Bechtel, with a track record of driving growth, strengthening performance, and delivering results by meeting customers’ expectations across global markets. Her leadership roles have included:

  • General Manager, South America — Accountable for all aspects of the mining business in South America, including profit and loss, talent management, operations and business development, advancing major copper and water infrastructure projects while strengthening long-term partnerships in critical minerals markets.
  • Operations Manager, Americas — Led operational performance across projects in the Americas, with responsibility for execution discipline, delivery outcomes, and operational risk management.
  • Chief Financial Officer, M&M — Oversaw commercial strategy, financial forecasting, and portfolio‑level risk management, strengthening financial discipline and improving portfolio performance globally.
  • General Manager, Asia Pacific — Drove regional growth and expanded our iron ore offering, including opening the Perth office and establishing our bulk material handling Centre of Excellence, deepening customer relationships across Australia and the broader region.

“Our Mining & Metals business has strong momentum and a clear strategy,” said Martin. “My focus is to build on that foundation while sharpening how we support our customers in a rapidly evolving global market. We will continue to enhance how we deliver — helping customers solve their most complex challenges, from cost-effective development and productivity to safety, reliability, and certainty of outcomes.”

MacAdam, who has served as president since 2020, leaves behind a legacy of strengthened execution, improved financial performance, and sustained growth. Under her leadership, the business advanced major projects in key global markets and achieved its strongest new work bookings in 15 years in 2025.

For more information about Bechtel’s Mining & Metals capabilities and solutions, visit bechtel.com.

About Bechtel
Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world’s infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.

Bechtel serves the Energy; Infrastructure; Manufacturing & Technology; Mining & Metals; and Nuclear, Security & Environmental markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com

Contact: Ashley Accardo| aaccardo@bechtel.com

Photo – https://laotiantimes.com/wp-content/uploads/2026/04/lucy_martin.jpg
Logo – https://laotiantimes.com/wp-content/uploads/2026/04/new_bechtel_logo.jpg

Xojo 2026r1 Delivers Enhanced Debugging, Simplified macOS Signing Experience, More Controls for Windows, Web, and Android

Cross-platform update: watchpoints, signing enhancements, and richer controls

AUSTIN, Texas, April 1, 2026 /PRNewswire/ — Xojo, Inc., the developers behind Xojo—a powerful cross-platform development tool and programming language— announce the immediate availability of Xojo 2026 Release 1, a feature-focused release that adds debugger watchpoints, a powerful feature for Xojo developers, expanded WinUI support, improved macOS signing, and new web and Android controls.

Debugger watchpoints give Xojo developers fine-grained control over when and where code is evaluated during debugging sessions, helping identify subtle logic errors and performance issues quickly. Users will find the new Team-based Developer ID field for macOS more approachable, especially for those new to dealing with certificates, signing, and distributing macOS apps. This change aligns with the style found in iOS projects and offers a cleaner, more intuitive way to manage developer certificates. Xojo 2026r1 expands WinUI integration with support for DesktopTabPanel and DesktopGroupBox controls, enabling a more native Windows 10/11 experience. The web stack is strengthened with WebColorPicker, WebSwitch, and WebBarcode, plus Bootstrap v5.3.8 and TypeScript v5.9.3. Xojo 2026r1 debuts three new mobile controls for Android users, MobileChart, MobileColorPicker, PDFViewer, plus adds new features such as Zip/Unzip, broadening what you can deliver in your Android apps.

“Xojo 2026r1 represents a thoughtful step forward for developers building across mobile, web, and desktop. The release consolidates a robust set of tools, enhancing Android capabilities, enriching the web experience, and tightening platform workflows, so teams can focus more on delivering features and reintegration,” said Geoff Perlman, Xojo Founder and CEO. “This update supports a more cohesive cross‑platform experience.”

New Features and Updates:

  • Debugger watchpoints
  • Improved macOS app code signing process
  • Web controls: WebColorPicker, WebSwitch, WebBarcode
  • Android: MobileChart, MobileColorPicker, MobilePDFViewer, FolderItem.Zip/Unzip
  • Windows: WinUI support for DesktopTabPanel, DesktopGroupBox
  • Jade improved output and lower token costs

Availability

Xojo is free for learning and development, as well as for building apps for Linux and Raspberry Pi. Paid licenses start at $499 for cross-platform Desktop, Mobile, or Web development. Xojo Pro and Pro Plus licenses, starting at $999, offer additional support and resources for professional developers. Special licensing is available for educators and students. Visit store.xojo.com for details.

About Xojo

Xojo is a cross-platform development tool for building native apps for macOS, Windows, Linux, iOS, Android, the web and Raspberry Pi. For over 25 years, Xojo has supported a growing community of developers passionate about creating powerful applications with ease. Learn more at xojo.com. Download Xojo 2026 Release 1 at xojo.com/download.

Applied Intuition launches first mobile operations center for autonomous systems: Applied Edge

Company unveils field-deployable, persistent autonomy development and operations platform.

SUNNYVALE, Calif., April 1, 2026 /PRNewswire/ — Applied Intuition, Inc., the leading physical AI company, today launched the first mobile operations center purpose-built for developing, testing and operating autonomous systems. Applied Edge packages rugged compute, satellite and radio communications, and the Axion autonomy toolchain into a field-deployable node, enabling teams to build, iterate and operate at mission speed without standing up new infrastructure.

“Applied Intuition is collapsing the distance between the lab and the mission,” said Qasar Younis, co-founder and CEO of Applied Intuition. “Today, every team building advanced autonomous systems hits the same wall: the exercise ends, the racks go dark and the telemetry sits in the field while the clock resets in the office. The cycle of standing up and tearing down autonomy stacks between events is over. The teams that move at mission speed will define the future of autonomous systems, and Edge is how they get there.”

Deploy where the mission is. Pick up where you left off.

Defense autonomy is moving fast, but the infrastructure behind it has not kept up. Government test ranges — designed for hardware, not software — add months of scheduling overhead and offer no persistent DevSecOps environments. The gap between autonomy needs and infrastructure has never been wider.

As autonomy programs move from one-off demonstrations to repeated field operations, teams need software-defined infrastructure that stays warm between events. The same pressure exists in defense and in heavy industry: mining, construction and other environments where machines must be developed and validated where they work, not only in the lab.

Axion Sim and Mission Control run natively on Edge so teams can plan missions, replay logs, evaluate behavior, coordinate multi-asset operations and stream live telemetry, all from a single platform deployed wherever the mission demands.

Key capabilities include:

  • Show up, power on and get to work: Edge node arrives self-sufficient with power, HVAC, rugged compute servers, 5G/Starlink communications, and operator workstations ready on arrival with no build-out required.
  • No resets or rework: Data, models, and workflows persist between test events. Teams pick up where they left off with no lost context and no wasted setup days.
  • Build, test and iterate at the edge: Axion tooling provides a complete development environment at the test site.
  • Secure, compliant environments: Edge supports SCIF/SAPF configurations and enables classified programs to operate from Edge without requiring fixed facilities.

Edge is available now. For more information, visit applied.co.

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with offices in Washington, D.C.; San Diego; Ft. Walton Beach, Florida; Ann Arbor, Michigan; London; Stuttgart; Munich; Stockholm; Bangalore; Seoul; and Tokyo. Learn more at applied.co.

 

The TRATON GROUP and Applied Intuition Announce TRATON ONE OS, a Unified Software Platform for Improved Fleet Uptime Across TRATON’s Four Global Brands

MUNICH and SUNNYVALE, Calif., April 1, 2026 /PRNewswire/ — The TRATON GROUP and Applied Intuition, Inc., the leading physical AI company, today announced TRATON ONE OS, a next-generation software-defined vehicle platform that will power all new vehicles across TRATON’s four brands: Scania, MAN, International and Volkswagen Truck & Bus. Building on more than a year of co-development, the two companies are deploying a single unified platform that’s at the forefront of innovation to deliver benefits to customers:

  • Prevent costly downtime: The system’s unified data access is designed to enable predictive maintenance capabilities that allow fleet operators to identify and address potential mechanical issues before they lead to breakdowns, service recalls or unplanned downtime.
  • Future-proof fleets: Customers will be able to receive new applications, features and full-cabin user-interface upgrades via over-the-air software updates, eliminating many workshop visits and allowing vehicles to improve throughout their operational life.
  • Unlock the autonomous future: The platform’s adaptive middleware is designed to serve as a foundation for autonomous driving systems, enabling TRATON to layer autonomous capabilities onto the same architecture over time.

Designed to bring the speed, flexibility and continuous update cycles of modern software development to the commercial vehicle industry, TRATON ONE OS will operate on all high-performance computers (HPCs) in TRATON’s new vehicle architecture. The platform supports multiple hardware chipsets and global regulatory environments while giving TRATON teams a common foundation to build on — all without compromising each brand’s distinct customer experience. Testing of the first integrated ECU hardware will begin in April 2026, with rollout across new trucks targeted for 2028.

“Our collaboration with Applied Intuition brings together TRATON’s deep expertise in commercial vehicles, including strength in modularization and in-house application-function software development, with Applied Intuition’s leading software capabilities,” said Stefan Teuchert, Senior Vice President EE Platform at TRATON GROUP. “With TRATON ONE OS, we combine strong building blocks from Applied Intuition, TRATON and the open source community to create a worldwide cutting-edge EE platform, delivering fast new functions and services to the customer, while still preserving what makes each of our brands unique.”

The platform is being co-developed as a white-box modular architecture that combines TRATON’s internal development with Applied Intuition’s Vehicle OS for trucking, as well as trusted third-party and open-source components. This modular approach allows TRATON to replace or consolidate compute units over time without fragmenting the software stack or rewriting the platform or applications, supporting the company’s long-term ambition to move toward fewer, more powerful high-performance computers.

“Working closely with TRATON, we’re building the next generation of software-defined commercial vehicles,” said Qasar Younis, co-founder and CEO of Applied Intuition. “TRATON ONE OS creates a platform that allows trucks to continuously evolve through software updates while giving TRATON the flexibility to build and scale capabilities across its global brands.”

To learn more, contact press@applied.co

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with offices in Washington, D.C.; San Diego, California; Ft. Walton Beach, Florida; Ann Arbor, Michigan; London; Stuttgart; Munich; Stockholm; Bangalore; Seoul; and Tokyo. Learn more at applied.co.

About the TRATON GROUP
With its brands Scania, MAN, International, and Volkswagen Truck & Bus, TRATON SE is the parent and holding company of the TRATON GROUP and one of the world’s leading commercial vehicle manufacturers. The Group’s product portfolio comprises trucks, buses, and light-duty commercial vehicles. “Transforming Transportation Together. For a sustainable world.”: this intention underlines the Company’s ambition to have a lasting and sustainable impact on the commercial vehicle business and on the Group’s commercial growth.

Ericsson’s Annual General Meeting 2026

STOCKHOLM, April 1, 2026 /PRNewswire/ — Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) (the “Company”) held its Annual General Meeting (“AGM”) today on March 31, 2026 in Kista, Stockholm. Shareholders were also able to exercise their voting rights by post before the meeting.

Adoption of the Income Statements and the Balance Sheets
The AGM resolved to adopt the Income Statement and the Balance Sheet for the Company as well as the Consolidated Income Statement and the Consolidated Balance Sheet for the Group for 2025.

Dividend
The proposed dividend of SEK 3.00 per share was approved by the AGM. The dividend will be paid in two installments: SEK 1.50 per share with the record date April 2, 2026, and SEK 1.50 per share with the record date September 29, 2026. Euroclear Sweden AB is expected to disburse SEK 1.50 per share on April 9, 2026, and SEK 1.50 per share on October 2, 2026.

Remuneration report
The AGM resolved to adopt the Board of Directors’ remuneration report for 2025.

Discharge from liability
The members of the Board and the President were discharged from liability for the financial year 2025.

Board of Directors
The AGM elected Board members in accordance with the proposal of the Nomination Committee. Jan Carlson was re-elected as Chair of the Board and Jon Fredrik Baksaas, Christian Cederholm, Börje Ekholm, Eric A. Elzvik, Marachel Knight, Kristin S. Rinne, Jonas Synnergren, Jacob Wallenberg, Christy Wyatt and Karl Åberg were re-elected as Board members. It was also noted that the unions have appointed Ulf Rosberg, Loredana Roslund and Annika Salomonsson as employee representatives in the Board of Directors with Frans Frejdestedt, Andreas Larsson and Stefan Wänstedt as deputies.

Board of Directors’ Fees
The AGM resolved on fees to the Board of Directors, in accordance with the Nomination Committee’s proposal, entailing a yearly fee of SEK 5,200,000 to the Chair of the Board, and fees of SEK 1,400,000 to each of the other non-employee members of the Board, elected by the AGM. Fees for Committee work to non-employee members of the Committees, elected by the AGM, were approved as follows: SEK 600,000 to the Chair of the Audit and Compliance Committee and SEK 335,000 to each of the other members of the Audit and Compliance Committee, SEK 250,000 to the Chair of the Enterprise Business and Technology Committee and SEK 205,000 to each of the other members of the Enterprise Business and Technology Committee, SEK 240,000 to each of the Chairs of the Finance Committee and the Remuneration Committee, and SEK 200,000 to each of the other members of the Finance Committee and the Remuneration Committee.

In addition to the fees described above, the AGM resolved, in accordance with the Nomination Committee’s proposal, that additional compensation be paid to non-employee Board members elected by the AGM for each physical Board meeting attended in Sweden as follows:

                                   

                                   

Residence of Board member

                                   

Compensation per meeting

                                               

                                   

Nordic Countries

                                   

                  None

                                               

                                   

Europe (non-Nordic)

                                   

                  EUR 2,000

                                               

                                   

Outside of Europe

                                   

                  USD 5,000

                                   

The AGM approved the Nomination Committee’s proposal that part of the fees to the members of the Board, in respect of their Board assignment (excluding fees for Committee work and meeting fees), may be paid in the form of synthetic shares.

Auditor
The AGM re-elected Deloitte AB as auditor for the period up until the end of the AGM 2027 and approved the Nomination Committee’s proposal for the auditor fees.

Long-Term Variable Compensation Programs 
Long-Term Variable Compensation Program 2026 (LTV 2026)
The AGM resolved to approve the Board of Directors’ proposal on:

  • implementation of LTV 2026 for the Executive Team, including the President and CEO, and for employees classified as Executives (currently approximately 180 employees) comprising a maximum of 7.4 million B-shares in Ericsson. “Performance Share Awards” will be granted free of charge entitling the participant to receive a number of shares, free of charge, following the expiration of a three-year vesting period, provided that certain performance conditions are met and that the participant retains his or her employment. The 7.4 million B-shares covered by LTV 2026 correspond to approximately 0.22 percent of the total number of registered shares of the Company;
  • transfer of no more than 6.2 million B-shares, free of consideration, to employees covered by the terms of LTV 2026, with an authorization for the Board of Directors to decide to, in conjunction with the delivery of vested shares under LTV 2026, prior to the AGM 2027, retain and sell no more than 70% of the vested B-shares on Nasdaq Stockholm at a price within the, at each time, prevailing price interval for the share, in order to cover for the costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the Performance Share Awards for remittance to revenue authorities; and
  • authorization for the Board of Directors to decide to transfer no more than 1.2 million B-shares on Nasdaq Stockholm, prior to the AGM 2027 at a price within the, at each time, prevailing price interval for the share, to cover certain expenses, mainly social security payments.

Amendment of the terms of the Long-Term Variable Compensation Program LTV 2025
The AGM resolved to approve the Board of Directors’ proposal on:

  • an amendment of the terms of LTV 2025 to adapt the terms to the new performance measure that will be used due to the Company’s planned implementation of IFRS 18;
  • transfer of no more than 10.9 million B-shares, free of consideration, to employees covered by the terms of LTV 2025, with an authorization for the Board of Directors to decide to, in conjunction with the delivery of vested shares under LTV 2025, prior to the AGM 2027, retain and sell no more than 70% of the vested B-shares on Nasdaq Stockholm at a price within the, at each time, prevailing price interval for the share, in order to cover for the costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the Performance Share Awards for remittance to revenue authorities; and
  • authorization for the Board of Directors to, prior to the AGM 2027, decide to transfer no more than 1.8 million B-shares on Nasdaq Stockholm at a price within the, at each time, prevailing price interval for the share, to cover certain expenses, mainly social security payments.

Authorizations on transfer of treasury stock on an exchange for previously resolved LTV programs I 2023, II 2023 and 2024
The AGM resolved to approve the Board of Directors’ proposals on:

  • authorization for the Board of Directors to decide to, prior to the AGM 2027, transfer of no more than 3.5 million B-shares on Nasdaq Stockholm at a price within the, at each time, prevailing price interval for the share, to cover certain expenses, mainly social security payments, which may occur in relation to the previously resolved and ongoing LTV programs LTV I 2023, LTV II 2023 and LTV 2024; and
  • authorization for the Board of Directors to decide to, in conjunction with the delivery of vested shares under, LTV I 2023, LTV II 2023 and LTV 2024, prior to the AGM 2027, retain and sell no more than 70% of the vested B-shares on Nasdaq Stockholm at a price within the, at each time, prevailing price interval for the share, in order to cover for the costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the Performance Share Awards for remittance to revenue authorities.

Purchase of own shares
The AGM resolved to approve the Board of Directors’ proposal on authorization for the Board of Directors to, on one or several occasions prior to the AGM 2027, decide on the purchase of the Company’s own shares of series B. The number of shares purchased must at no time result in the Company’s holding exceeding 10 percent of all the shares in the Company. The purchases are to be made on Nasdaq Stockholm in accordance with the price limitations set out in Nasdaq Nordic Main Market Rulebook for Issuers of Shares. The purpose of the authorization is to give the Board of Directors wider freedom of action in the work with the Company’s capital structure and thereby contribute to increased shareholder value, as well as to enable purchases of shares to be used within the framework of the Company’s share-related incentive programs.

Shares and votes
There are in total 3,371,351,735 shares in the Company; 261,755,983 A-shares and 3,109,595,752 B-shares, corresponding to in total 572,715,558.2 votes. The Company’s holding of treasury stock as of March 31, 2026, amounts to 38,002,276 B-shares, corresponding to 3,800,227.6 votes.

NOTES TO EDITORS:

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ABOUT ERICSSON:
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Ericssons Annual General Meeting