KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 7 May 2025 – Following its first Iconic branch in Penang, Hong Leong Bank (“HLB” or “the Bank”) has launched its innovative Meet @ HLB branch concept in Eco Majestic, Semenyih. This community-centric branch is central to HLB’s bank-wide transformation plan, which includes upgrading existing branches and strategically tailoring service offerings.
Lee Ee Hui, HLB’s Head of Business Channels, together with a representative from EcoWorld at the launch of Meet @ HLB in Eco Majestic, Semenyih
Designed for the Eco Majestic community, Meet @ HLB provides convenient access to ATMs, retail banking, and cash deposit machines. The branch’s daily operations from 12:30 pm to 7:00 pm, including weekends, have been a welcome surprise for residents who greatly appreciate this convenience, allowing for easy integration of banking needs around their busy schedules.
Kevin Lam, Group Managing Director and CEO of HLB, emphasised, “Meet @ HLB perfectly encapsulates our vision of being a “Digital Bank Plus Much More” – creating a powerful synergy of cutting-edge digital convenience and genuine human connection. This initiative is a vital part of our broader branch transformation strategy, where we are strategically evolving our physical network to better serve our diverse customer base through upgrades, service enhancements, and the introduction of innovative branch formats like Meet @ HLB.”
“Our collaboration with EcoWorld has been invaluable in bringing this vision to life. By understanding the unique characteristics of the Eco Majestic community, we have been able to create a banking space that truly resonates with its residents. This underscores our belief in the enduring value of physical presence within communities, transforming branches into vibrant hubs where we can truly understand and serve our customers’ evolving needs. It also helps us serve new and developing communities, where we can become the first bank for its residents and businesses, and work to meet their unique yet diversified banking needs.
Evon Yap, Divisional General Manager of Eco World commented, “We are truly grateful to HLB for recognising the importance of a physical banking presence in a growing, dynamic township like Eco Majestic. While digital banking offers convenience, there are still essential services that benefit from personal, face-to-face interaction. The Meet @ HLB branch is a thoughtful addition that brings everyday banking closer to our residents—accessible, reliable and seamlessly integrated into the fabric of our community. We deeply appreciate HLB’s effort in understanding the needs of Eco Majestic and designing a space that naturally complements Eco-township’s character.”
The branch recently hosted a Raya Open House, inviting Eco Majestic residents to connect with HLB staff, explore the branch’s offerings, and enjoy a vibrant festive atmosphere with food and family activities like colouring and jawi calligraphy. This event highlighted the Bank’s commitment to designing community-centric branches and offered a glimpse into the future of branch banking with HLB.
Customers can visit the Meet @ HLB branch in Eco Majestic at: Block 1, Jalan Eco Majestic 10/1, Eco Majestic, 43500, Semenyih, Selangor Banking Services: Monday – Sunday, 12.30pm – 7pm (closed on public holidays) Express Banking: Monday – Sunday, 6am – 12am
The rescue teams were sending a sutdent to an emergency room (Photo: Vientiane Capital Rescue)
Three primary school students in Vientiane were hospitalized on 5 May after consuming a drug mixed with collagen, prompting renewed attention to student drug use.
TAIPEI, May 7, 2025 /PRNewswire/ — ProLogium Technology, the global leader in LCB-based next-generation battery innovation, today announced a strategic partnership with Japan’s Kyushu Electric Power. Together, the two companies will co-develop a 24V LCB (Lithium Ceramic Battery) module tailored for construction machinery applications, with plans to jointly unveil the technology at CES 2026.
This collaboration marks another significant milestone in ProLogium’s global new energy strategy, showcasing its technological prowess and growing market influence. Looking ahead, the two parties will continue deepening their cooperation—expanding the deployment of clean energy solutions not only in construction but also across broader energy sectors, paving the way for a more sustainable industrial future.
Synergy-Driven Innovation for Heavy Machinery
This partnership combines ProLogium’s cutting-edge battery technology with Kyushu Electric Power’s expertise in module design and end-user integration. The result: a high-performance, durable, and versatile energy solution tailored to the demanding operational needs of construction machinery. ProLogium will supply its industry-leading lithium ceramic batteries, while Kyushu Electric Power will take the lead in developing the 24V modules and integrating them into heavy equipment for end users.
Compared to conventional lithium-ion batteries, ProLogium’s LCB modules offer several compelling advantages:
Enhanced Safety: ProLogium’s next-generation battery utilizes a fully inorganic electrolyte and highly stable cathode and anode materials, effectively minimizing risks of thermal runaway and fire. It is equipped with an Active Safety Mechanism (ASM) that automatically activates under high-temperature conditions, significantly improving safety performance in demanding operational environments.
High Energy Density: Without compromising safety, ProLogium employs high-activity materials such as a 100% silicon composite anode to substantially boost energy density. This allows for a more compact and lightweight battery pack while delivering outstanding range and power performance—ideal for heavy machinery where both performance and space efficiency are critical.
Outstanding Low-Temperature Performance: Engineered to operate reliably in extreme cold, the battery ensures stable operation and sustained power output, supporting heavy machinery in prolonged, high-intensity tasks under low-temperature conditions.
Fast Charging × Durability for Optimized Operational Efficiency: With outstanding fast-charging capability, ProLogium batteries significantly reduce charging time, lowering equipment downtime and replacement frequency. This not only eases the burden of procuring backup vehicles but also enhances operational continuity. Coupled with long service life and high performance, the solution offers greater stability, reduced maintenance costs, and improved overall operational efficiency.
The collaboration will make its first public appearance at CES 2026, where the companies will jointly showcase their technical achievements and engage with potential partners.
Advancing Low-Carbon Transformation in the Heavy Industry Sector
Beyond improving operational efficiency, the partnership aims to promote greener, more resource-efficient industrial practices. By cutting carbon emissions, reducing pollution, and increasing energy utilization, ProLogium and Kyushu Electric Power aspire to offer sustainable battery solutions for the future. ProLogium’s next-gen LCBs maintain stable performance under harsh environmental conditions—maximizing energy efficiency.
The collaboration aligns with global trends toward carbon neutrality and green technology, leading the construction machinery industry toward a cleaner, low-carbon future. With its high safety standards, energy density, fast-charging capability, and excellent low-temperature discharge performance, ProLogium’s lithium ceramic battery is not only ideal for electric vehicles but also well-suited for heavy-duty applications and beyond.
Vincent Yang, founder and chairman of ProLogium stated:
“As the world accelerates its shift toward sustainability, electrification in construction and heavy industries is both urgent and inevitable. We are honored to partner with Kyushu Electric Power to bring our next-generation LCB technology into the heavy machinery sector, elevating energy efficiency, safety, and endurance.
Together, we are committed to advancing green energy transformation and building a low-carbon, sustainable future. This partnership enables us to deliver longer-range energy solutions for heavy-duty operations, enhance productivity with fast-charging capabilities, and ensure stable battery performance in extreme cold—all contributing to the electrification of heavy industry and a cleaner future for global infrastructure.”
Setting the EU standard for secure, adaptable and interoperable satellite communications to support military operations and the IRIS² constellation
SINT-NIKLAAS, Belgium, May 7, 2025 /PRNewswire/ — ST Engineering iDirect’s EU Satcom Centre of Excellence, ST Engineering iDirect Europe, based in Sint-Niklaas, Belgium, today announced the advancement of the European Protected Waveform (EPW) project to its second phase. Under the leadership of Belgium’s Ministry of Defence and with ST Engineering iDirect Europe as the consortium lead, this milestone marks significant progress in enhancing secure and autonomous satellite communications for Europe.
The project brings together a consortium of 22 organisations from 12 EU Member States, encompassing experts from industry, government and academia.
The project brings together a consortium of 22 organisations from 12 EU Member States, encompassing experts from industry, government and academia. This collaborative effort aims to develop a comprehensive, end-to-end waveform solution designed to ensure resilient and secure communications for military operations and critical government needs in increasingly complex operational environments.
With the foundation established during Phase 1 that laid the framework for the waveform’s initial development, Phase 2 focuses on the prototyping and integration of the EPW system. The goal is to provide secure, interoperable systems that align with Europe’s strategic initiatives, including the future IRIS² satellite constellation and the EU GovSatCom programme.
“Together with ST Engineering iDirect Europe, we are investing in the backbone of modern military operations: secure and reliable communication,” said Theo Francken, Belgian Minister of Defence. “With support from the European Defence Fund, we are advancing technological innovation, strengthening strategic autonomy, and enhancing the safety of our troops. In today’s uncertain world, European cooperation in research and development is not a luxury — it’s an absolute necessity. This project aligns perfectly with our broader mission to modernise Defence and deepen European collaboration in R&D.”
“The advancement to EPW Phase 2 underscores the strategic importance of this initiative to bolster European autonomy in secure satellite communications,” said Koen Willems, Vice President, EU Programmes, at ST Engineering iDirect Europe. “This recognition by the European Defence Fund demonstrates the urgent necessity to address emerging threats and foster resilience for critical operations across Europe.”
The total investment in the EPW project now stands at €65 million, with €35 million dedicated to Phase 2 following the €30 million allocation in Phase 1. This investment highlights Europe’s commitment to advancing protected satellite communications and strengthening collaborative defence capabilities among its Member States.
The European Protected Waveform (Phase 2) is funded by the European Union. Views and opinions expressed are however those of ST Engineering iDirect Europe only and do not necessarily reflect those of the European Union or the European Commission. Neither the European Union nor the granting authority can be held responsible for them.
About ST Engineering iDirect Europe
ST Engineering iDirect Europe, located in Sint-Niklaas, Belgium, is ST Engineering iDirect’s EU Satcom Center of Excellence specialising in the development of ground segment technology and solutions specifically for the EU. As a legal Belgian entity, ST Engineering iDirect Europe has its own board of directors to comply to the guidelines and conditions as put forward by the EU Commission and the Belgian Government. With over 35 years of experience, the ST Engineering iDirect portfolio of high-value product lines and services in addition to a dedicated team of domain specialists, and a ISO9001 certified manufacturing center the team has a portfolio of capabilities to cater to the specific needs of European funded satcoms programs.
The results showed that the SOFA scores of the drug treatment groups on the 7th day were significantly lower than those of the baseline, especially in the high-dose group, where the decrease was significantly greater than that in the placebo group, of which the difference was statistically significant and clinically significant.
The trend of the secondary endpoints was consistent with the primary endpoints, which was in line with expectations.
STC3141 is the first sepsis treatment program centered on rebuilding immune homeostasis in the world, achieving a major upgrade in the treatment dimension.
HONG KONG, May 7, 2025 /PRNewswire/ — Grand Pharmaceutical Group Limited (0512.HK, “Grand Pharma” or the “Group“) announces that the Phase II clinical study for the treatment of sepsis in China of the global innovative drug STC3141, which is independently developed by the Group, has successfully reached the clinical endpoint. The progress of this clinical study is at the forefront of global sepsis research.
STC3141 is the first sepsis treatment program centered on rebuilding immune homeostasis in the world, achieving a major upgrade in the treatment dimension. On the basis of existing symptomatic supportive treatments such as anti-infection, fluid resuscitation, and maintaining organ function, it precisely regulates the core cause of the disease, immune disorder, to help the body restore balance, filling the current clinical gap in etiology-oriented treatment of sepsis. The success of this clinical study is expected to usher in a new era of sepsis treatment.
A new breakthrough in critical care treatment that may fill clinical gap in sepsis treatment
About the clinical study:
This study is a multi-center, randomized, double-blind, placebo-controlled Phase II dose-finding clinical study, to evaluate the efficacy, safety, and pharmacokinetic features of intravenous infusion of STC3141 injection in patients with sepsis. It enrolled 180 patients with sepsis who received standard treatment and care, continuously dosed the drug for 5 days, and followed up until day 28. The primary clinical endpoint of the study was the change in the Sequential Organ Failure Assessment (“SOFA“) score (a standard for diagnosing sepsis and assessing disease severity) from baseline on day 7; Secondary endpoints included effectiveness indicators such as the proportion of subjects whose SOFA score decreased by 25% from baseline on day 7, etc., and safety indicators such as adverse events within 28 days, aiming to explore the effectiveness and safety of different doses of the drug in the treatment of patients with sepsis.
The results showed that the SOFA scores of the drug treatment groups on the 7th day were significantly lower than those of the baseline, especially in the high-dose group, where the decrease was significantly greater than that in the placebo group. The difference was statistically significant and clinically significant. The trend of the secondary endpoints was consistent with the primary endpoints, which was in line with expectations. In addition, STC3141 has favorable safety and tolerability, and its pharmacokinetic characteristics are also in line with expectations. The results confirmed the effectiveness and safety of STC3141 in the treatment of sepsis, bringing new breakthroughs in the field of critical care. Subsequently, the Group will actively conduct in-depth communication with the NMPA, and apply the qualification of breakthrough therapeutic drug designation, so that STC3141 could benefit the vast number of sepsis patients as soon as possible and fill the clinical gap.
About sepsis:
Sepsis is a life-threatening organ dysfunction caused by a dysregulated host response to acute infection, and is one of the leading causes of death and long-term disability worldwide. Despite the continuous advancement of medical technology, the morbidity and mortality of sepsis remain high. There are approximately 49 million new cases of sepsis worldwide each year, and more than 1/5 of patients die, accounting for approximately 20% of the total global mortality. The incidence of sepsis intensive care units in China is 20.6% to 50.8%, and about 1/3 of patients die in the hospital. In high-income countries, the average full-hospital cost of treating a sepsis patient exceeds US$32,000.
At present, the treatment of sepsis primarily involves anti-infection, fluid resuscitation, and functional support for organ damage, with no targeted treatment method yet. There is a huge unmet clinical demand in the global market for the treatment of severe diseases such as sepsis.
About STC3141:
STC3141 is a small molecule compound with a new mechanism of action that independently developed by the Group with global intellectual property rights. It can reverse organ damage caused by excessive immune responses of the body by neutralizing extracellular free histones and neutrophil trap nets and is applicable to multiple severe diseases. The product has an innovative mechanism, and the results of related preclinical research have been published in the top academic journal “Nature Communications” and “Critical Care”, which has far-reaching academic influence.
In terms of clinical development, the Group has adopted a global development strategy, and has obtained seven clinical approvals in five countries on three continents, namely China, Australia, Belgium, the United Kingdom, and Poland. It has completed four clinical studies on patients, and all of them successfully reached the clinical endpoints. Based on the previous Phase Ib clinical studies in Australia and Belgium for the treatment of sepsis, the Phase Ib clinical studies in China for the treatment of acute respiratory distress syndrome (ARDS), and the Phase IIa clinical study in Europe for the treatment of severe SARS-CoV-2 infection (COVID-19), STC3141 has demonstrated favorable safety and tolerability, and has shown positive signals in terms of effectiveness indicators such as helping patients getting off the ventilator and vasopressors, and shortening the length of ICU hospitalization.
The Phase II clinical trial for sepsis this time progressed smoothly that it was approved by the NMPA in July 2023, and all subjects were enrolled in December 2024, which is six months ahead of schedule. It fully demonstrates the Group’s strong R&D capabilities, and also illustrates the urgent need for targeted therapeutic drugs in the field of critical care. This product is expected to break the long-standing lack of targeted drugs in the field of sepsis, and become the first pioneering breakthrough therapy in the field of critical care, accurately responding to and meeting the urgent needs of clinical treatment.
About Grand Pharma:
Grand Pharma is an international pharmaceutical company of technological innovation. Its core businesses cover three major areas, namely nuclear medicine anti-tumor diagnosis and treatment and cerebrocardiovascular precision interventional diagnosis and treatment technology, pharmaceutical technology and biotechnology. Based on the pharmaceutical and biological industries, the Group focuses on the needs of patients, and take technological innovation as the driving force. In response to the unmet clinical needs, the Group will increase its investment in global innovative products and advanced technologies, enrich and improve its product pipelines, consolidate and strengthen its industrial chain layout, and fully leverage the Group’s industrial strengths and R&D capabilities to provide more advanced and diverse treatment solutions to patients worldwide.
SHENZHEN, China, May 7, 2025 /PRNewswire/ — CIMC Modular Building Systems (CIMC MBS), a global leader in advanced modular construction, has earned two prestigious awards at the 2025 World of Modular Conference, organized by the Modular Building Institute (MBI). The company received Permanent Modular Dormitory of the Year and Relocatable Modular Affordable Housing of the Year, marking its second consecutive year as a multi-award winner.
Recognized by Global Industry Leaders
The World of Modular Conference, the premier global event in the modular construction industry, honors excellence in design, innovation, sustainability, efficiency, and architectural quality. The Awards of Distinction are presented based on votes from a panel of experts and industry leaders across North America, as well as votes from conference attendees, making it a highly collaborative and prestigious benchmark in the field.
CIMC MBS was selected from hundreds of global entries, underscoring its strength in industrialized precision, smart construction applications, carbon-reduction strategies, and human-centered design.
2025 Award-Winning Projects
The CIMC MBS team receiving awards on-site
The Student Hostel at City University of Hong Kong (Whitehead, Ma On Shan) was awarded First Place in the Permanent Modular Dormitory category. As the world’s largest modular student housing project, it was completed two years ahead of schedule. The project achieved a 50% faster delivery and reduced waste by 68% compared to traditional construction. Featuring advanced MiMEP integration and low-carbon solutions, it sets a new standard for high-density, sustainable urban development.
The “T-Loft@Lok Wo” transitional housing project in Hong Kong received First Place in the Relocatable Modular Social & Supportive Housing category. With its fully relocatable design, the project integrates safety, efficiency, and comfort with aesthetic appeal. It offers a forward-thinking solution to global housing challenges, showcasing exceptional design and quality in social housing.
These accolades follow CIMC MBS’s success at the 2024 World of Modular Conference, where it received awards for its citizenM Hotel in Menlo Park, USA, and United Court Transitional Housing in Hong Kong—both recognized for their energy efficiency, mobility, and construction speed.
“We are honored to receive this international recognition once again,” said Victor Zhu, General Manager of CIMC Modular Building Systems. “These awards affirm the global impact of our technology and our unwavering commitment to building smarter, greener, and more sustainable spaces for communities around the world.”
BANGKOK, THAILAND – Media OutReach Newswire – 7 May 2025 – In a powerful collaboration across sectors, Siam Piwat Group— developer and operator of global destinations including Siam Center, Siam Paragon, Siam Discovery, ICONSIAM, Siam Premium Outlets Bangkok and ICS—joins forces with Bangkok Pride, the Tourism Authority of Thailand (TAT), the Bangkok Metropolitan Administration (BMA), the Creative Industry and Soft Power Institute (CISPI), the Creative Economy Agency (CEA), and the United Nations in Thailand, along with over 70 government agencies and private sectors, to empower LGBTQIA+ rights and amplify Thailand’s global tourism appeal through “Bangkok Pride Festival 2025” and “The Celebration: Right to Love.”
The press conference gathered key government, industry, and international organizations, including Ministry of Tourism and Sports, National Soft Power Development Committee, Subcommittee on Festival Industry National Soft Power Strategy Committee, Federation of Thai Industries (FTI), Bangkok Metropolitan Authority, Tourism Authority of Thailand, UN Secretary-General in Thailand, Naruemit Pride Co., Ltd. and Yellow Channel Co., Ltd., along with representatives from various public and private sectors —demonstrating a united cross-sector commitment to elevating pride month in Bangkok as a global celebration of diversity and soft power.
Siam Piwat, together with Bangkok Pride, the Tourism Authority of Thailand, the Bangkok Metropolitan Administration, the Creative Industry and Soft Power Institute, the Creative Economy Agency, and the United Nations in Thailand, along with over 70 government agencies and private sectors launches “Bangkok Pride Festival 2025” and “The Celebration: Right to Love”
National Collaboration and Global Vision The 2025 celebration is not just a singular event, but a month-long convergence of four major initiatives—collectively forming Thailand’s most significant Pride movement to date:
“The Celebration: Right to Love”, a curated campaign of events across global destinations – Siam Paragon, Siam Center, Siam Discovery, and ICONSIAM, is hosted under the ONESIAM banner by Siam Piwat, spotlighting inclusivity through fashion, art, performance, and design.
“Bangkok Pride Festival 2025”, including the Bangkok Pride Parade, is organized by Bangkok Pride, led by Naruemit Pride Co., Ltd., and serves as the national centerpiece of Pride Month.
“Drag Bangkok Festival 2025” is hosted by Drag Bangkok and produced by Yellow Channel Co., Ltd., celebrating drag culture through shows, competitions, and global performances.
“Paint the City with MY PRIDE” is an identity campaign launched by CISPI, under the Federation of Thai Industries (FTI), in collaboration with CEA, aimed at empowering creative industries and enhancing Thailand’s soft power through inclusive branding and design.
This ecosystem of distinct-yet-united initiatives forms the foundation for positioning Bangkok as a world-class Pride destination and a beacon of both equality and economic opportunity.
“Siam Piwat Group has long championed diversity and inclusion,” said Saruntorn Asaves, First Executive Vice President – Shopping Center Business, Siam Piwat Co., Ltd. “Through ONESIAM, we are not only hosting world-class events—we are empowering social progress, supporting creative industries, and drawing global visitors to Thailand. Our properties are platforms of opportunity where love, identity, and creativity intersect to generate real value for communities and the nation.”
Michaela Friberg-Storey, Representative of the UN Secretary-General in Thailand, remarked, “Inclusive societies are more resilient and prosperous. Thailand’s Pride movement demonstrates how rights, culture, and commerce can work in harmony.” Echoing this, Thapanee Kiatphaibool, Governor of the Tourism Authority of Thailand, stated, “Pride tourism is a powerful tool to strengthen Thailand’s appeal and position the country as a welcoming, creative, and world-ready destination.”
Pride as a Growth Engine for the Creative Economy and Tourism Waaddao Ann Chumaporn, President of Naruemit Pride Co., Ltd., emphasized that the Bangkok Pride Festival is rapidly becoming a key economic and cultural engine for Thailand.
Panel discussion on Bangkok’s roadmap to World Pride 2030
“In just three years, participation has surged from 100,000 in 2023 to over 300,000 projected in 2025. Economic circulation from Pride Month is expected to exceed 4.5 billion baht, benefitting sectors from retail and entertainment to hospitality and transport,” she stated.
This year’s Bangkok Pride Parade will span 3 kilometers along Rama I Road with Siam Center, Siam Paragon and Siam Discovery serving as major event anchors, reinforcing the area’s identity as Bangkok’s Pride District and a vibrant commercial hub for inclusive tourism.
This exponential growth reflects Pride’s rising role as a national tourism driver and soft power export. As the festival continues to scale—with over 70 partners and increasing international interest—it lays the groundwork for Bangkok to become Asia’s Pride capital and a future host of World Pride 2030.
“This is more than a celebration for the LGBTQIA+ community—it is a platform for nationwide economic stimulus, creative industry expansion, and global positioning. It’s a declaration that Bangkok and Thailand are ready to lead,” Waaddao concluded.
ONESIAM Presents Art, Creativity, and Identity in Action As part of ONESIAM experiences, Siam Center will present “Galaxy of Love”, featuring creative installations and live performances, while Siam Discovery marks Pride Month with exclusive fashion and lifestyle collections celebrating self-expression. At Siam Paragon, Drag Bangkok Festival will take center stage from May 30–June 1, spotlighting iconic drag performers and celebrating the vibrancy of Thai queer culture. Over at the riverfront, ICONSIAM’s “Pride Out Louder 2025” will offer immersive public activations throughout June. Further commemorating the occasion, Siam Piwat is also launching a limited-edition ONESIAM drinking water, symbolizing boundless love and promoting sustainable consumption.
“MY PRIDE” – A Soft Power Strategy Through Inclusive Branding At national level, CISPI, under the FTI, and the CEA have launched the campaign “Paint the City with MY PRIDE”—a strategic initiative that introduces a new identity system designed to be adopted across industries to increase business value and support national tourism. Over 10 major brands will release special products throughout May–June.
“The LGBTQIA+ community is a powerful creative driver,” said Kriengkrai Thiennukul, Chairman of FTI. “MY PRIDE channels that energy into inclusive branding, helping industries nationwide grow with purpose.”
This powerful cross-sector collaboration marks a pivotal step in uniting creativity, inclusivity, and national strategy—demonstrating Thailand’s readiness to host World Pride and take its place on the global stage.
The issuer is solely responsible for the content of this announcement.
Siam Piwat Company Limited
Siam Piwat is a leading retail and real estate developer that owns Bangkok’s top destinations, including Siam Paragon, Siam Center, Siam Discovery, ICONSIAM, and Siam Premium Outlets Bangkok. Siam Piwat has 50 subsidiaries across seven core businesses: real estate development, department stores, retail, food and beverage, venue management, digital platforms, and business support.
Over the past six decades, Siam Piwat has played a significant role in shaping Bangkok’s retail landscape and is recognized for creating iconic and innovative retail models, with the goal of consistently delivering extraordinary experiences that delight and inspire all customers.
Leadership transition and new organizational structure reinforce commitment to core technology and enhanced governance
SAN FRANCISCO, May 7, 2025 /PRNewswire/ — Movement Labs, a Web3 company and core contributor of the Movement Network, today announced the establishment of Move Industries by two Movement employees. The newly formed Move Industries has been established to ensure a more simplified and focused operational structure, including new executive leadership.
Move Industries Launches New Era for Movement
Torab Torabi, a founding member of Move Industries, will lead the company as CEO. In addition, Will Gaines will serve as President and Chief Marketing Officer and Young Yang Liauw will continue overseeing engineering. Mr. Liauw brings significant blockchain engineering expertise from his time at Aptos as Head of Move along with positions at Novi and Meta, where he worked on the Libra team.
Move Industries is committed to maintaining Movement’s position as a leading Move-based blockchain ecosystem. Move Industries’ three core pillars are Community/Brand, Engineering/Product, and Ecosystem/Business Development. The new endeavor will operate with enhanced accountability measures, providing a stronger foundation for the Movement ecosystem’s future growth and success.
“Today marks the beginning of an exciting new chapter for the Movement,” said Torabi. “We are putting in place the structures needed for our company to thrive, which includes a full commitment to our ecosystem builders and community. They are at the heart of everything we do. Our team remains heads down, improving chain performance, increasing economic activity on-chain, and supporting the incredible projects being built on the Movement Network. We will continue full steam ahead to fulfill our promises.”
Movement Labs has also terminated Co-Founder Rushi Manche.
Additionally, Co-Founder Cooper Scanlon is voluntarily passing the torch to Torab Torabi, to lead Move Industries.
“It has been an incredible journey bringing the Movement vision to life and I’m immensely proud of what we’ve built together,” said Scanlon. “Torab has been instrumental to Movement’s development from the beginning, and I have complete confidence in his leadership abilities and vision for the future. I will continue to support the Movement and advocate as the team writes this next chapter.”
Move Industries will operate under improved governance, including expanded board oversight and transparent decision-making processes.
“The Movement community has stood with us through both triumph and challenge,” said Gaines. “With Move Industries, we’re returning to our founding principles: self-sovereignty, creativity, and systems that serve people. This next chapter will ensure we continue building world-class infrastructure, world-class businesses and a world-class movement.”
About Move Industries
Move Industries is building a community-first Move-based blockchain ecosystem. Led by a team of industry veterans, Move Industries maintains a dual focus on technology and community. The organization intends to return to crypto’s radical roots: giving financial power and opportunity back to the people.