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Electronic System Design Industry Posts $5.1 Billion in Revenue in Q3 2024, ESD Alliance Reports

MILPITAS, Calif., Jan. 14, 2025 /PRNewswire/ — Electronic System Design (ESD) industry revenue increased 8.8% to $5,114.5 million in the third quarter of 2024 from the $4,702.4 million registered in the third quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced today in its latest Electronic Design Market Data (EDMD) report. The four-quarter moving average, which compares the most recent four quarters to the prior four, rose 13.7%.

“The electronic design automation (EDA) industry reported significant revenue growth in Q3 2024,” said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report. “Product categories Computer-Aided Engineering and Services posted double-digit growth, with Printed Circuit Board and Multi-Chip Module, and Semiconductor Intellectual Property also posting growth. Regionally, the Americas along with Europe, Middle East, and Africa reported double digit growth. The four-quarter moving average increased for all product categories and regions.”

The companies tracked in the EDMD report employed 62,417 people globally in Q3 2024, a 4.5% increase over the Q3 2023 headcount of 59,737, but down 1.2% compared to Q2 2024.

The quarterly EDMD report contains detailed revenue information within the following category and geographic breakdowns.

Revenue by Product and Application Category – Q3 2024 Year-Over-Year Change

  • Computer-Aided Engineering (CAE) revenue jumped 16% to $1,922.2 million in Q3 2024. The four-quarter CAE moving average increased 14.5%.
  • Integrated Circuit (IC) Physical Design and Verification revenue decreased 5.5% to $854.4 million. The four-quarter moving average for the category increased 4.3%.
  • Printed Circuit Board (PCB) and Multi-Chip Module (MCM) revenue rose 5.8% to $450.8 million. The four-quarter moving average for PCB and MCM rose 9.1%.
  • Semiconductor Intellectual Property (SIP) revenue increased 7% to $1,686.2 million. The four-quarter SIP moving average rose 17.5%.
  • Services revenue rose 45.2% to $200.8 million. The four-quarter Services moving average rose 30.8%.

Revenue by Region – Q3 2024 Year-Over-Year Change

  • The Americas, the largest reporting region by revenue, procured $2,325.4 million of electronic system design products and services in Q3 2024, a 17.2% increase. The four-quarter moving average for the Americas rose 17%.
  • Europe, Middle East, and Africa (EMEA) procured $645.6 million of electronic system design products and services, a 17.1% increase. The four-quarter moving average for EMEA grew 15.4%.
  • Japan’s procurement of electronic system design products and services decreased 3.5% to $298.5 million. The four-quarter moving average for Japan increased 7.6%.
  • Asia Pacific (APAC) procured $1,845 million of electronic system design products and services, an 0.7% decrease. The four-quarter moving average for APAC grew 10.6%.

About the EDMD Report
The ESD Alliance Electronic Design Market Data report presents Electronic Design Automation (EDA), SIP and Services industry revenue data quarterly. Both public and private companies contribute data to the report available from SEMI. Each quarterly report is published approximately three months after quarter close. EDMD report data is segmented as follows:

  • Revenue by product category (CAE, IC Physical Design and Verification, SIP, PCB/MCM Layout, and Services) including numerous detailed sub-categories
  • Revenue by geographic region (Americas, EMEA, Japan and APAC)
  • Total employment at participating companies

For information about SEMI market research reports, visit the SEMI Market Research Reports and Databases Catalog.

About the Electronic System Design Alliance
The ESD Alliance, a SEMI Technology Community, offers initiatives and activities that bring value to our entire industry including:

  • Coordinating and amplifying the collective and regional voices of the industry.
  • Continually promoting the value the industry delivers to the global semiconductor and electronics industry.
  • Addressing and defending threats and reducing risks to the industry.
  • Achieving efficiencies for the industry.
  • Marketing the attractiveness of the design ecosystem as an ideal industry for pursuing a career.
  • Enabling networking, sharing and collaboration across the industry.

Contact Paul Cohen at pcohen@semi.org or Bob Smith at bsmith@semi.org for more details.

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

The information supplied by the ESD Alliance is believed to be accurate and reliable, but the ESD Alliance assumes no responsibility for any errors that may appear in this document. All trademarks and registered trademarks are the property of their respective owners.

Association Contacts

Paul Cohen
Phone: 508-769-2106
Email: pcohen@semi.org

Jack Taylor
Phone: 512-560-7143
Email: jack.taylor@siemens.com

Brown Advisory Appoints Logie Fitzwilliams Co-CEO to Serve Alongside Long-Time CEO Mike Hankin

BALTIMORE, Jan. 14, 2025 /PRNewswire/ — Brown Advisory, an independent investment management and strategic advisory firm, today announced the next step in its leadership, with the creation of a Co-Chief Executive Officer structure. Effective immediately, Mike Hankin and Logie Fitzwilliams will share chief executive responsibilities. Mike Hankin has served as the sole CEO and President since the firm became private and independent in 1998. Logie Fitzwilliams started with Brown Advisory in 2003 and has most recently served as the Head of International Business and Global Head of Sales.

Together, the firm’s independent Board of Directors and Mike Hankin decided that a Co-CEO structure would be the best design to provide the leadership needed to meet the growing needs of the firm’s clients, colleagues and shareholders. As a team, Mike and Logie, who have worked closely together for the last 15 years, will deepen the firm’s partnership and collaborative culture to drive results for all stakeholders. This evolution represents the most significant change in Brown Advisory’s leadership since the firm adopted its current private, independent structure in 1998. As Co-CEOs – and Co-Presidents – both Mike and Logie will serve on, and report to, the Board that governs the firm.

Mike Hankin stated, “I could not be more excited about this natural next step in the leadership of the firm. In the building of a global investment team and business to complement what we have been cultivating in the U.S., Logie has led with the qualities that we think make him the ideal person to share responsibility for leadership of the entire firm. He understands that to be truly client first, we need to be obsessively focused on listening to our clients in the U.S. and around the world. He understands that to build successful teams, we need to also listen to our colleagues. We need to make sure that our colleagues have the resources and training necessary to live up to our clients’ expectations.”

He added, “Importantly, Logie and I share the existential commitment to Brown Advisory remaining a private and independent firm. Our ownership structure – where every single colleague owns equity in the firm alongside an important set of outside shareholders who provide critical advice and support – will remain the same; it is the structural backbone to being the client-first firm we aspire to be over generations.”

Logie Fitzwilliams noted, “It is a tremendous honor to join Mike in the leadership of Brown Advisory. Throughout my 22 years at the firm, I have been privileged to work with him closely and we have built a deep relationship that will serve as the foundation for our partnership as Co-CEOs. Most importantly, from the outset we have had a shared focus on investing for, advising and serving our clients at the highest possible level, and a common commitment to the future of Brown Advisory as a private, independent, entrepreneurial and nimble business.”

Bob Flanagan, Lead Director of the Brown Advisory Board, shared, “The process and thinking behind this decision was extensive, productive and always forward looking. We considered many options and scenarios to ensure that Brown Advisory had the best leadership in place for the present and future. Each of us believe that the firm, its clients and its colleagues will be best served with Mike and Logie acting as CEOs, together.”

Bea Hollond, Director and Chair of the firm’s International Advisory Board, added, “Being based in the U.K., I have had the direct opportunity to work with and advise Logie on the firm’s international business strategy. I have seen first-hand the incredible impact he has made for Brown Advisory and its clients. I know the Directors all share my excitement in welcoming Logie to the Board, and to seeing Mike and Logie work together as a team.”

Under Mike Hankin’s leadership, the firm has grown from overseeing client assets of $2 billion in 1998 to now almost $170 billion – representing an annualized growth rate of 17%. Today, the firm’s clients are served by nearly 1,000 colleagues located in 14 offices across the United States, a significant office in London and strategic bases in Frankfurt, Singapore and Tokyo. The firm’s clients – a collection of individuals, families, nonprofits, charities, institutions and financial intermediaries – are located in 51 countries and in every U.S. state. Brown Advisory also manages meaningful fund platforms – private funds, mutual funds and now ETFs – in the U.S., as well as platforms outside of the U.S. in Ireland, Bermuda and the Cayman Islands. Over the past ten years, the firm’s client-retention rate exceeds 98% through its commitment to deliver first-rate investment performance, thoughtful strategic advice and the highest level of service for clients.

Quintin Ings-Chambers will take over as Head of the International Business. Quintin joined Brown Advisory in 2012 as Head of the firm’s International Private Client and Charity business. He has over 25 years of investment industry experience. Prior to joining Brown Advisory, he served as an Investment Director at SG Hambros and as a Director in the private client and charity group of Baring Asset Management. Quintin will report into Logie Fitzwilliams.

Logie Fitzwilliams and Mike Hankin

About Brown Advisory 

Brown Advisory is an independent investment management and strategic advisory firm committed to providing its clients with a combination of investment performance, strategic advice and the highest level of service. Brown Advisory has been a private and independent firm since 1998. Today, the firm has more than 950 colleagues – each with an equity interest – serving private clients and institutions in over 50 countries from 18 offices globally and is responsible for approximately US$170 billion in assets for private and institutional clients and charities as of December 31, 2024. The firm’s colleague equity ownership, experienced investment professionals and client-first culture help to make a material difference in the lives of its clients. For more information, please visit www.brownadvisory.com.

Media Contacts

Dukas Linden Public Relations (US)

Cardew Group (International)

Stephanie Dressler: +1 949 269 2535

Tom Allison: +44 7789 998 020

Email: brown@dlpr.com 

Tania Wild: +44 7425 536 90

Email: BrownAdvisory@cardewgroup.com

Infortrend Unveils New High-Density Storage Solution with Over 100% Performance Boost for HPC and Media & Entertainment

TAIPEI, Jan. 14, 2025 /PRNewswire/ — Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, introduces the latest additions to its high-density 4U 90-bay HDD solutions: unified storage EonStor GS 5090 and expansion enclosure JB 4090. The large capacity and high throughput performance of the solutions make them ideal for applications like High-Performance Computing and Media & Entertainment.

EonStor GS 5090 is a high-availability unified storage solution with a dual redundant controller design, ensuring uninterrupted operation. With its new hardware powered by the Intel® Xeon® Scalable Processor, the GS 5090 delivers ultra-high performance, achieving 45 GB/s read and 20 GB/s write—around three times the performance of the previous top-performing model. The GS 5090 introduces ultra-fast 200GbE connectivity, setting a new benchmark for data transfer speed while simplifying management to meet the demands of today’s high-performance enterprise workloads. It also supports SAS 24G expansion, doubling throughput compared to SAS 12G. Additionally, the GS 5090 features four dedicated U.2 NVMe SSD slots for cache, providing fast data access while fully leveraging the ample capacity of its 90-bay storage.

Furthermore, the GS 5090 offers seamless scalability through expansion with the new JB 4090 JBOD. Featuring SAS 24G expansion ports, the JB 4090 delivers double the bandwidth of its 90-bay JBOD predecessor with SAS 12G, effectively eliminating bottlenecks between the storage system and the JBOD. With this enhanced throughput capability, the JB 4090 can efficiently handle large volumes of data.

“Our new high-density GS 5090 storage and JB 4090 JBOD deliver impressive capacity and significant performance increase. These products reflect our commitment to innovation in managing the exponential growth of data in modern applications, providing scalability and efficiency without compromising performance,” said Frank Lee, Senior Director of Product Planning at Infortrend Technology.

Learn more about EonStor GS 5090 and JB 4090

Contact Infortrend to Make an Inquiry

About Infortrend

Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user-friendly data services, personal after-sales support, and unrivaled value. For more information, please visit www.infortrend.com

Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc.; other trademarks are the property of their respective owners.

MicroCloud Hologram Inc. Develops Quantum Nonlinear Optical Holography Technology to Assist in the Generation of Spatial Entangled Qudits

SHENZHEN, China, Jan. 14, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), today announced the development and application of Quantum Nonlinear Optical Holography (QNOH) technology to directly generate spatially entangled qudits. This technology leverages the Spontaneous Parametric Down-Conversion (SPDC) process in quantum optics, precisely shaping the spatial quantum correlations of entangled photon pairs within a two-dimensional patterned nonlinear photonic crystal, without the need for complex pump shaping. This innovation not only breaks through the limitations of traditional optics but also offers unprecedented application prospects for quantum key distribution (QKD) and quantum computing based on spatial degrees of freedom.

Quantum Nonlinear Optical Holography technology combines the advantages of quantum optics, nonlinear optics, and holography, aiming to directly shape the spatial properties of quantum photons through nonlinear optical processes. Traditional nonlinear optical holography has been widely applied in the field of classical optics, particularly in areas such as information storage, beam control, and optical communication. However, its application in the quantum domain has been relatively scarce, as shaping quantum states typically requires higher precision and more complex interventions.

The key innovation of Quantum Nonlinear Optical Holography technology is its ability to directly generate spatially entangled qudits through the Spontaneous Parametric Down-Conversion process, overcoming the limitations of conventional quantum optical techniques. A qudit is a high-dimensional quantum system, which, compared to the traditional qubit, has more degrees of freedom and can store more information. Therefore, it holds greater promise for applications in quantum computing and quantum communication.

The core implementation of HOLO’s Quantum Nonlinear Optical Holography technology relies on the Spontaneous Parametric Down-Conversion process. In this process, a single high-energy photon enters a nonlinear optical medium (such as a BBO crystal) and, through interaction with the crystal, splits into two lower-energy photons, which are referred to as the signal photon and the idler photon. These two photons exhibit quantum entanglement, meaning their states are tightly correlated, regardless of the spatial distance between them.

Unlike traditional quantum optical technologies, this technique uses a two-dimensional patterned nonlinear photonic crystal. In such a crystal, photons can be precisely controlled in predefined spatial degrees of freedom. By manipulating the patterned structure of the crystal, the spatial quantum correlations of the entangled photon pairs can be directionally shaped, thereby generating the desired quantum states.

What sets HOLO’s Quantum Nonlinear Optical Holography technology apart is that it does not require complex pump light shaping. Traditional quantum optical systems typically rely on specific shapes and frequency adjustments of the pump light source to ensure that the generated quantum states meet the desired criteria. However, QNOH technology achieves direct manipulation of the spatial properties of entangled photon pairs by controlling the structure and material properties of the nonlinear photonic crystal, making the process more efficient and stable.

In traditional quantum information processing, the quantum bit (qubit) is widely used as the basic unit. However, the computational and storage capacity of a qubit is limited by its binary states (0 or 1). In contrast, a qudit (a high-dimensional quantum system) can process information in higher dimensions, offering greater potential for quantum computing and quantum communication.

One of the biggest breakthroughs of HOLO technology is its ability to generate spatially entangled qudits. By precisely controlling the design of the photonic crystal, the technical team successfully endowed photon pairs with multiple degrees of freedom within a two-dimensional space, allowing each entangled photon pair to move beyond traditional binary states and expand into higher dimensions. These quantum states can manifest as different quantum modes and frequencies, significantly enhancing the capacity and diversity of the quantum system.

HOLO’s Quantum Nonlinear Optical Holography technology generates spatially entangled qudits through the following steps:

Photon Source Selection and Control: Through the precisely designed nonlinear photonic crystal, an appropriate pump light source is chosen to excite the signal and idler photons in the Spontaneous Parametric Down-Conversion process. These photon pairs are highly entangled and can be precisely controlled in spatial degrees of freedom.

2D Patterned Crystal Design: A two-dimensional patterned nonlinear photonic crystal is used to control the propagation paths and interactions of photons within the crystal, allowing the spatial quantum correlations of the signal and idler photon pairs to be shaped according to design requirements. This structure not only enhances the stability of quantum entanglement but also enables information encoding and decoding across different dimensions.

Shaping Spatial Quantum Correlations: By adjusting the phase and amplitude at different positions within the photonic crystal, the spatial correlations of the generated entangled photon pairs are ensured to match the desired quantum state. This allows the quantum information of the photons to be transmitted in a more efficient and multidimensional manner.

Quantum State Verification: Experimental verification shows that the quantum states generated by this technology not only possess spatial quantum correlations but also violate the Clauser-Horne-Shimony-Holt (CHSH) inequality, proving their entangled nature. According to the fundamental principles of quantum mechanics, the violation of this inequality indicates the authenticity of quantum information and the validity of quantum entanglement.

The successful development of HOLO’s QNOH technology has brought a significant breakthrough to the fields of quantum key distribution (QKD) and quantum communication. Entanglement-based quantum key distribution is one of the core technologies in quantum communication today, ensuring the security of key exchange through the properties of quantum entanglement. The high-dimensional entangled qudits generated by the QNOH technology can provide higher key transmission rates and stronger resistance to interference, thereby enhancing the security and efficiency of quantum communication networks.

Additionally, HOLO’s QNOH technology is also noteworthy for its application in quantum computing. Since quantum computing can process information in high-dimensional quantum states, the generation of qudits will greatly improve the parallelism and efficiency of quantum computing. Traditional quantum computing uses quantum bits for computation, while high-dimensional qudits can store more information and perform more complex computational tasks, thereby accelerating the execution of quantum algorithms.

HOLO’s Quantum Nonlinear Optical Holography technology not only brings new possibilities to quantum communication and quantum computing but also paves the way for the future development of quantum information science. In the future, as this technology continues to improve, it may find broader applications in fields such as quantum networks, quantum encryption, and quantum simulation.

In future research, optimizing the design of two-dimensional photonic crystals to further enhance the efficiency and stability of spatially entangled qudit generation will become a key issue in the field of quantum optics. Meanwhile, Quantum Nonlinear Optical Holography technology is also expected to integrate with other quantum technologies, such as quantum sensing and quantum imaging, opening up more application scenarios in the field of quantum science.

The successful development of Quantum Nonlinear Optical Holography technology marks a significant advancement in the field of quantum optics. By precisely generating spatially entangled qudits, this technology offers a fresh perspective and more powerful tools for various fields, including quantum communication, quantum computing, and quantum information processing. As quantum technology continues to mature, quantum networks and quantum computers in the future are expected to enter a new era of greater efficiency and security, driven by this innovative technology.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. 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. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Caravelle International Group Announces New CEO and Audit Committee Chair to Trailblaze Shipping Decarbonization and Carbon Asset Management Platform

SINGAPORE, Jan. 14, 2025 /PRNewswire/ — Caravelle International Group (NASDAQ: HTCO), a global ocean technology company, today announced appointment of Shixuan He as the Company’s Chief Executive Officer and Xuanhua Xi as an independent director and Chairman of the Audit Committee. These strategic appointments are aimed at driving the company’s transition towards sustainable maritime practices and enhancing its management systems.

Mr. He, with his 15 years of management experience, has accumulated rich industry insights and exceptional leadership skills. His career has spanned large-scale diversified holding groups, rapidly growing intelligent and connected innovation enterprises, and the new energy and low-carbon field, demonstrating his adaptability and strategic vision in various business environments and achieving outstanding results in expanding business cooperation with multiple international well-known enterprises. In 2014, after joining High-Trend Technology Co., Ltd. as CEO, Mr. He led the development of the smart streetlight project and introduced the innovative concept of “one road, one network, one platform” for urban infrastructure IoT. In 2015, he collaborated with General Electric (GE) to build China’s first large-scale smart streetlight IoT platform project, with a total investment of 200 million RMB. Building on the success of this project, he signed a global strategic cooperation agreement with GE at the 6th China-US Energy Efficiency Forum, witnessed by the National Development and Reform Commission of China and the U.S. Department of Energy. This agreement facilitated the global promotion of both parties’ R&D achievements. In 2019, the cooperation results of this project were successfully replicated in the Brazilian market, achieving significant project outcomes. In 2020, Mr. He focused on new energy and low-carbon emission reduction projects, pioneering multiple projects in the field of green biomass energy and carbon asset development.

Ms. Xi possesses extensive experience in the field of professional financial services, particularly excelling in financial innovation. She has held senior management positions in several well-known financial institutions, accumulating profound professional knowledge and practical experience. Ms.Xi has been serving as the Chief Risk officer of DigiFT Technology Group, a Singapore-based on-chain capital market operation and service provider, since December 2024. She served as the Deputy Chief Executive Officer of Neutral Financial Holding Company Limited, a Hong Kong-based licensed financial service provider, from July 2024 to December 2024. Previously, she served as the Deputy Chief Executive Officer of BOCOM International Holdings Co., Ltd., a Hong Kong-based and listed financial service provider, from July 2017 to December 2023. She was also the General Manager of BOCOM International (Shanghai) Equity Investment Management Co., Ltd., an investment management company, from November 2020 to January 2022. From March 2015 to July 2017, she served as the General Manager of BOCOM International Securities Ltd., a company providing securities brokerage services.

Mr. Jinyu Chang, Chairman of the Board expressed that we are delighted to announce the addition of Mr. He and Ms. Xi to the leadership team at the company. Mr. He’s strategic vision and extensive experience will inject strong momentum into our sustainable development strategy; Ms. Xi’s exceptional leadership in financial innovation and global perspective will further enhance our competitiveness in the capital markets.

These appointments come at a significant time as the company is focused on enhancing its management systems and committing to ocean carbon neutrality. The new leadership will guide company in leveraging cutting-edge technology and finance integration to achieve sustainable development and create substantial opportunities for long-term growth and shareholder value.

About Caravelle International Group

Caravelle is a global ocean technology company with businesses in international shipping and marine carbon neutrality. The company is committed to improving shipping efficiency through innovative technologies and promoting sustainable development in the industry.

Forward Looking Statements

This announcement contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words “believe,” “expect,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate” or similar expressions, are “forward-looking statements”. Such statements include, but are not limited to risks detailed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the fiscal year ended October 31, 2023. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. All information provided in this press release is as of the date of the publication, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

FOURTH FUTURE MINERALS FORUM 2025 KICKS OFF WITH 90 COUNTRIES AND 16 G20 NATIONS AT MINISTERIAL ROUNDTABLE

RIYADH, Saudi Arabia, Jan. 14, 2025 /PRNewswire/ — The Fourth Ministerial Roundtable meeting began today as part of the Future Minerals Forum, hosting government representatives from 90 countries, including 16 G20 nations. The event featured participation from 50 international organizations, NGOs and global leaders in the mining industry.

Government representatives from 89 countries gathered at the fourth edition of the Future Minerals Forum’s Ministerial Roundtable to bolster international collaboration in producing the critical minerals essential for the energy transition.

This government-led meeting seeks to bolster international collaboration in producing the critical minerals essential for the energy transition. It provides a platform for ministers and senior officials to discuss sustainable development strategies for the sector, focusing on mining as a catalyst for economic growth and social progress.

Delegates discussed:

  1. Strategic Framework for Critical Minerals: Developing a collaborative framework in the Super Region of Africa, West, and Central Asia to fully harness the region’s mineral potential.
  2. Sustainability: Development of responsible supply priorities that reflect local realities in supplier countries and enhance transparency through supply chain certification.
  3. Centers of Excellence: Establishing a network to drive investments, develop human capital, and accelerate technological innovation within the Super Region and supplier countries.

The Forum continues to expand its program of events, including a new ‘Great Debates’ feature, that honor its commitment to “a year of impact”. In order to accommodate this larger-than-ever program, the Forum has been extended to an additional third day, including;

  • The inaugural Centers of Excellence and Technology meeting will bring together representatives from industry, academia, R&D and technology to establish a regional hub for capacity building and innovation.
  • The second meeting of International Geological Survey leaders featuring geological survey organizations from Africa, Asia, and global institutions such as the U.S. Geological Survey, British Geological Survey, BRGM (France), and GTK (Finland). Discussions will focus on building capacity to increase geological surveying, enabling more exploration and increasing investment in the countries of the Super Region.

FMF 2025 will spotlight Women in Mining, an initiative to promote gender equality and attract Saudi women into the mining sector. It focuses on creating opportunities to empower women in what has traditionally been a male-dominated industry.

Rana Abdullah Zumai, Head of Women in Mining Saudi, said: “We are committed to expanding opportunities for women in mining and creating an inclusive future. We aim to break stereotypes, foster knowledge-sharing, and build a mining ecosystem that attracts and supports women.”

Frost & Sullivan Recognizes RapidSOS with the 2024 Product Leadership Award for Enhancing Public Safety Through Next-Gen Emergency Response Technology

RapidSOS’s transformative platforms leverage artificial intelligence (AI) and connected data from over 540 million connected devices, sensors and apps to streamline emergency communications and improve outcomes in critical situations.

SAN ANTONIO, Jan. 14, 2025 /PRNewswire/ — Frost & Sullivan recently researched the North American public safety industry and, based on its findings, recognizes RapidSOS with the 2024 Product Leadership Award. RapidSOS is an AI-powered intelligent safety company headquartered in New York City that provides real-time data intelligence to first responders during emergencies, optimizing how 911 telecommunicators and emergency personnel gather and leverage data during critical incidents.

RapidSOS continuously innovates its intelligent safety platform, enabling first responders and 911 to detect and swiftly respond to emergencies. One of these innovations is AI-driven RapidSOS UNITE, a sophisticated platform that integrates critical communication workflows and data from multiple sources like security cameras, medical profiles, telematics, and wearables to surface life-saving information in one coherent, actionable view.

With its outstanding products and customer-inspired strategy, RapidSOS consistently launches best-in-class solutions. The company combines human creativity with AI to speed up emergency response processes, making complex information accessible and actionable in real time. For example, the company developed its innovative Digital Alerts and non-emergency automation services to streamline the time-consuming process of handling tasks like alarm calls, reducing the time spent on manual call processing and false alarms.

Additionally, RapidSOS UNITE centralizes next-generation 911 (NG911) workflows, displaying emergencies on a master map and supporting advanced features like AI-driven data prioritization. It also effectively integrates video feeds from over ten million security cameras and provides customizable modules that can be tailored to meet specific business needs.

“A pioneer and transformational public safety leader, RapidSOS demonstrates its agility by continuously advancing and refining its game-changing emergency response platform, enabling first responders and 911 to identify, react, and respond to emergencies more efficiently. The company recently introduced RapidSOS UNITE, a flexible platform that intelligently unifies workflows and data for all means of communications relevant to an emergency event,” said Brent Iadarola, vice president of research at Frost & Sullivan.

Moreover, RapidSOS’s Digital Alerts and AI enhance operational efficiency by integrating data from various sources, such as fire sensors, vehicle telematics, and security systems. This seamless flow of information allows first responders to arrive better prepared and reduces the likelihood of human error during critical moments. As a result, RapidSOS empowers public safety agencies to manage increasing call volumes and complexity with fewer resources, ensuring that responders are fully prepared with the right information.

“As the public safety staffing crisis deepens, exacerbated by increasing responsibilities and a record volume of 911 calls in 2023, public safety agencies must do more with fewer resources. RapidSOS developed its Digital Alerts service to address these strategic imperatives, which streamlines the processing of alarm calls that traditionally relied on analog phone calls. 911 telecommunicators, on average, spend nearly 20% of their time on inefficient, tedious tasks related to false alarm notifications,” noted Samantha Fisher, best practices research analyst at Frost & Sullivan.

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. The award recognizes the quality of the solution and the customer value enhancements it enables.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

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Camila Tinajero
E: camila.tinajero@frost.com

About RapidSOS

RapidSOS is an intelligent safety company that harnesses artificial and human intelligence to fuse life-saving data from 540M+ connected devices, apps, and sensors from 200+ global technology companies to over 21,000 public safety agencies in six countries. Whether there’s an unsafe moment or an emergency, RapidSOS Ready devices, vehicles, homes, or buildings deliver essential data to the right place when it matters most. Learn more at www.RapidSOS.com.

Sixty Percent of Employees Plan to Move Jobs This Year, Aon Study Finds

Inaugural study of employees in 23 geographies reveals employees are engaging in a “hustle reset” as they reassess where and how much they work

DUBLIN, Jan. 14, 2025 /PRNewswire/ —
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.