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Founders Metals Hits 28.5 m of 7.12 g/t Au in First Drill Hole at Van Gogh Discovery

Vancouver, British Columbia – Newsfile Corp. – February 20, 2025 – Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (“Founders” or the “Company”) announces the first assay results of its 2025 drilling campaign and a new drill-confirmed high-grade gold discovery at its Antino Gold Project (“Antino” or “Project”) in southeastern Suriname (Figure 1). The Company reports 28.5 metres (m) of 7.12 grams per tonne (g/t) gold (Au) from 18.6 m in the first drill hole at Van Gogh, 3.8 km east of the Da Vinci prospect. The drilling follows up on high-grade channel sampling results reported on January 21st (news release).

Highlights

  • Drilling confirms Van Gogh discovery with 28.5 m of 7.12 g/t Au from 18.6 m in first drill hole
    • 3.8 km step-out from nearest drill hole on property
  • Early drilling suggests potential for multiple parallel zones
  • Pending drillholes with similar quartz-sulphide mineralization suggest continuity of mineralized body over >150 m
  • New discoveries at Van Gogh and Da Vinci further support Founders’ exploration strategy
  • Strong discovery potential for the additional 9 high-priority targets at Antino

“The discovery of high-grade gold at Van Gogh is a major milestone for Founders Metals and further validates our approach to exploration at Antino,” stated President and CEO, Colin Padget. “28.5 m of 7.12 g/t Au in our first drill hole at Van Gogh is an incredible start. These assay results, along with our recent Da Vinci discovery, underscore the potential for additional high-grade gold discoveries across the property. 2025 is off to a great start and we’re excited to continue unlocking the full potential of Antino.”

Geology Discussion

Van Gogh is 2.0 km from Lawa and 3.8 km from Da Vinci, and forms part of an emerging multi-kilometre northwest oriented gold trend that extends to the Maria Geralda target. This trend aligns parallel to the Main Antino Shear Zone, which spans 15+ km from Upper Antino to Da Vinci (Figure 1).

Gold mineralization at Van Gogh occurs within a ~30 m wide mylonite zone with up to 5 m intervals of strongly silicified country rock and quartz. The gold-rich intervals locally contain up to 15% sulphide (pyrite) and the highest-grade intervals are often associated with brecciation. Moderate to strong sericite-chlorite-ankerite alteration occurs throughout the mineralized interval and up to several metres into the surrounding country rock.

About Founders Metals Inc.

Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date1. The Company is fully financed for up to 60,000 metres of drilling in 2025.

1 2022 Technical Report – Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.

Table 1: Drill Hole Assay Results

Hole ID From (m) To (m) Sample Width Au (g/t)
25VG001 18.60 47.10 28.50 7.12

Table 2: Detailed Drill Hole Assay Results

Hole ID From (m) To (m) Sample Width Au (g/t)
25VG001 18.60 20.10 1.50 0.69
25VG001 20.10 21.60 1.50 1.79
25VG001 21.60 23.10 1.50 2.51
25VG001 23.10 27.60 4.50 0.32
25VG001 27.60 29.10 1.50 2.79
25VG001 29.10 30.60 1.50 0.40
25VG001 30.60 32.10 1.50 0.46
25VG001 32.10 33.60 1.50 3.96
25VG001 33.60 35.10 1.50 2.81
25VG001 35.10 36.60 1.50 7.22
25VG001 36.60 38.10 1.50 7.26
25VG001 38.10 39.60 1.50 4.00
25VG001 39.60 41.10 1.50 17.85
25VG001 41.10 42.60 1.50 31.30
25VG001 42.60 44.10 1.50 21.69
25VG001 44.10 45.60 1.50 17.65
25VG001 45.60 47.10 1.50 11.97

Table 3: Drill Hole Location

Hole ID Easting* (m) Northing* (m) Elevation (m) Azimuth (°) Dip (°) Depth (m)
25VG001 828028.0 395905.0 124.4 79.9 -49.7 341.0

Figure 1: Property Scale Map with Auger Samples and Van Gogh Drilling Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/241626_7ca629e8d46c3b97_001full.jpg

Quality Assurance and Control

Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

Qualified Persons

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geo., a qualified person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Per:Colin Padget

Colin Padget
President, Chief Executive Officer, and Director

Contact Information

Katie MacKenzie, Vice President, Corporate Development
Tel: 306 537 8903 | katiem@fdrmetals.com

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company’s recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect “, “is expected “, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

All material information on Founders Metals can be found at www.sedarplus.ca.

The issuer is solely responsible for the content of this announcement.

SunCar Secures $1.93M Contract with China Construction Bank Hunan, Expanding National Banking Partnerships

NEW YORK, Feb. 20, 2025 /PRNewswire/ — SunCar Technology Group Inc. (“SunCar” or the “Company”) (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced it has secured an RMB 14 million (US$1.93 million) contract to operate China Construction Bank’s (CCB) car wash program in Hunan province. The two-year agreement runs through December 2026 and builds on SunCar’s existing CCB partnerships in Fujian and Yunnan provinces.

Under the contract, SunCar will provide exclusive car wash services to CCB Hunan’s Long Card members through its network of service locations. The program furthers SunCar’s successful implementation in Yunnan province, where the Company has integrated its digital platform with CCB’s banking services to streamline the customer experience.

This latest win advances SunCar’s transformation from a traditional benefits provider to what it terms an “automotive ecosystem operator” – combining banking services, digital payments, and physical car care locations into a unified platform.

“The Hunan contract demonstrates our ability to scale our banking partnerships nationwide,” said Ye Zaichang, CEO of SunCar Technology. “By connecting CCB’s massive customer base with our service network, we’re creating a new standard for integrated services.”

About SunCar Technology Group Inc.

Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company’s intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com.

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

Contact Information:

SunCar:
Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com

U.S. Investor Relations
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

Geotab, Samsara, and PowerFleet Take the Top Spots in ABI Research’s Commercial Telematics Competitive Ranking

NEW YORK, Feb. 20, 2025 /PRNewswire/ — Commercial telematics not only enables a range of vehicle efficiency and safety use cases but also acts as a foundation to adopt broader solutions for a diverse range of fleets of different sizes. The new Competitive Assessment by global technology intelligence firm ABI Research provides an in-depth and unbiased examination of the top ten leading commercial telematics solution providers for fleets, which includes hardware solutions, software solutions, customer base, and services provided in-house or through partnerships.

Market leaders: Geotab, Samsara, PowerFleet, Verizon Connect
Mainstream:  Platform Science, Motive, Zonar, Solera
Followers: Gurtam, Ford Pro

“The analysis focused on eleven criteria segmented across innovation and implementation. The innovation criteria evaluated the solution providers based on commercial telematics solutions offered: solution options, open platforms, use cases, quality of reporting and analytics, and user experience. The set of criteria under implementation focused on market share, geographical and vertical spread, solution accessibility, go-to-market strategy, integration with existing systems, and time to value,” explains Adhish Luitel, Principal Analyst at ABI Research.

Geotab took the overall lead, benefiting from the Geotab GO devices, asset trackers, and OEM integrations it provides for its growing base of over 4.6 million connected vehicles. Geotab goes beyond traditional fleet telematics and asset tracking offerings with Geotab Marketplace, which has over 430 fleet-focused solutions that come from its network of nearly 350 partners. Samsara placed second due to its highly scalable and powerful Connected Operations Cloud platform and connected workflow capability. In addition, PowerFleet placed third thanks to its comprehensive hardware offerings and the market traction it has been getting since the MiX Telematics merger and Fleet Complete acquisition.

PowerFleet, Verizon Connect, and Motive received high scores on innovation rankings. PowerFleet led the innovation rankings thanks to its extensive Unity platform and the breadth of its cutting-edge hardware solutions, which have helped position it as a leading Artificial IoT (AIoT) player. Motive also ranked high in innovation criteria due to its emphasis on Physical AI and its Integrated Operations Platform, which provides actionable insights through sensors, computer vision, and other data-gathering tools.

Addressing maintenance overheads, fuel and driver management, electrification considerations, and route optimization as the primary pain points for end users highlight the importance of swiftly implementing solutions that deliver immediate value, a crucial factor in vendor ranking. “Verizon Connect is a great example of a vendor successfully deploying its solutions to address key pain points. Its robust go-to-market strategies and continued evolution of its various products and services have helped streamline adoption among end users. In addition, its EV suitability tool, Reveal EV is equipping fleets to make data-driven fleet electrification considerations,” Luitel concludes.

These findings are from ABI Research’s Commercial Telematics Vendors Competitive Ranking. This report is part of the company’s Supply Chain Management and Logistics research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Competitive Ranking reports offer comprehensive analysis of implementation and innovation strategies to offer unparalleled insight into a company’s performance and standing compared to its competitors.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info

Global                                                             
Deborah Petrara                              
Tel: +1.516.624.2558         
pr@abiresearch.com       

JETOUR T1: Lite off-road SUV Pioneer Taking the Global Market by Storm

RIYADH, Saudi Arabia, Feb. 20, 2025 /PRNewswire/ — The global launch event of the JETOUR T1 was held in Riyadh, on February 19th. This model, which adopts the new rugged aesthetic as its design language, is equipped with the XWD intelligent four-wheel drive system, thereby delivering limitless capability for urban and off-road driving experience.It is significant for JETOUR to advance its “Travel +” concept through JETOUR T1. With its leading product strength, JETOUR T1 is expected to lead the development of the urban lite off-road SUV segment.

Integration of powerful and elegant, leading new trend of rugged aesthetics

The JETOUR T1 is a trendsetting pioneer with a new, hardcore and fashionable aesthetic design. It combines boxy ruggedness and traditional SUV elegance, weaken sharp angles and flowing rhythms for a unique look. Its design fuses outdoor wildness with urban sophistication, and the integrated philosophy creates layered body lines. It further presents six exterior color options and three interior design schemes, affording users a wider range of choices.


Bring comprehensive urban and off-road terrains

As an important model in JETOUR’s off-road series, T1 offers their drivers an all-round driving experience that breaks the boundaries between urban and off-road terrains with a more efficient power combination, an intelligent four-wheel drive system and a wider range of driving modes. The JETOUR T1 is designed with two powertrain options. The 1.5T + 7DCT powertrain, with 125kW of power, 270Nm of torque, and over 40% thermal efficiency, balances power and fuel efficiency well for daily city driving. The 2.0T + 8AT powertrain, with 180kW of power, 375Nm of torque, a 20% faster combustion speed, and 30% better transient response, makes driving feel both agile and powerful.

The XWD intelligent four-wheel drive system represents JETOUR’s frontier technology which includes remarkable characteristics such as rapid response, stable handling, long-lasting durability, and user-friendliness. Notably, its overall response speed is 20% faster than that of traditional four-wheel drive systems, and the driving stability limit can be increased by 15%. It has passed the technical verification over 10 million kilometers and the scenario verification of over 200,000 users globally. In addition, the JETOUR T1 offers remarkable adaptability through seven driving modes—sport, economic, normal, snow, sand, mud, and rock. These modes cover most terrains, allowing drivers to easily adjust to different environments. Whether saving fuel on city roads with the economic mode or seeking more pass ability on challenging terrains, the T1 meets the needs.

Where intelligence meets freedom, enjoy every journey

In terms of interior space, the JETOUR T1 stands out as its horizontal seating space sets a new standard among vehicles in the same class. Its trunk, with a capacity spanning from 574 to1455 liters, provides remarkable versatility. When the second-row seats are folded down, the trunk’s maximum depth extends to 1940 mm, creating a vast area that’s perfect for stretching out and relaxing during breaks. What’s more, the vehicle is equipped with 45 storage compartments strategically placed throughout.

The 15.6-inch central touchscreen, powered by the 8155 chips, operates smoothly like a tablet with a user-friendly interface for seamless interaction, while the 10.25-inch digital instrument panel enhances the cabin’s tech-savvy feel and driving convenience. The comfort cloud-like seats are expertly crafted for optimal comfort, and the skin-friendly leather meets safety standards. In addition, JETOUR T1 use the dual-layer soundproof glass with 79 soundproofing materials, creating a more quiet and serene cockpit for users. The Sony 9-speaker surround-sound system adds a finishing touch to the experience, making you feel present at the scene and enabling you to savor every journey to the fullest.

It’s Time to Awaken. JETOUR T1 will guide urbanites who are independent-minded and pursue a quality life to unlock a new way of lightweight living, helping them better explore the world and themselves.

Syensqo and Emulseo announce strategic partnership for advanced applications in the healthcare sector

Exploring new opportunities within the fast-growing market of microfluidics

BORDEAUX, France, Feb. 20, 2025 /PRNewswire/ — Syensqo, a leading specialty chemicals company, is pleased to announce a strategic partnership with Emulseo, a French company specialized in formulations for microfluidic technology – the manipulation of liquids at microscopic scale.

Under this agreement, Emulseo will include Syensqo’s advanced solution, Galden® PFPE in its Fluo-Oil range of products to provide its customers with an essential component in creating reliable and performant droplet-based microfluidic analyses.

Droplet-based microfluidics analysis is a widely used technique for the study and manipulation of liquids at a micro-scale using liquid micro-droplets. It has diverse applications, particularly in healthcare as it is one of the most precise and efficient ways to study DNA strands, cells, chemicals, or drugs using very small amounts of material. For example, it is used for the diagnosis of cancer diseases from blood samples, for the development of antibiotics and therapeutics treatments, and for conducting rapid COVID-19 testing through digital PCR.

The partnership with Emulseo will leverage Syensqo’s Galden® PFPE, a family of inert, high-performance, fluorinated fluids with outstanding properties enabling optimal performances of microfluidic systems thanks mainly to their chemical inertness, low viscosity and optical transparency.

“We are thrilled to partner with Emulseo and bring our Galden® PFPE to the forefront of microfluidics technology,” said Peter Browning, President of the Specialty Polymers Global business unit at Syensqo. “This collaboration underscores our commitment to innovation and expanding the applications of our materials to advance humanity, as our PFPE, usually used in the electronics industry, will now contribute to save lives through cancer detection and faster vaccine developments for example.”

“As a young innovative company, Emulseo is extremely proud to partner with a European industry leader such as Syensqo with a clear ambition to support innovation and to contribute to the development of cutting edge technologies in the health sector” added Emulseo CEO, Florine Maes. “Syensqo’s high performance chemicals combined with our expertise and tailor-made quality controls for microfluidic requirements, will enhance our product offerings to meet our commitments to our scientific and industrial customers worldwide.”

Contact: sales@emulseo.com 

Starburst Closes Record FY25, Fueled by Rising AI Demand and Growing Enterprise Momentum

BOSTON, Feb. 20, 2025 /PRNewswire/ — Starburst, the data platform for apps and AI, announced a record FY25 close, driven by strong demand from enterprise customers:

  • Grew net new customers by 20% and Starburst Galaxy customer growth by 76% year-over-year
  • Achieved record global sales, including significant growth in North America and EMEA
  • Increased adoption of Starburst Galaxy, its flagship cloud product, by 94% year-over-year
  • Signed the largest deal in the company’s history – a multi-year, eight-figure contract per year, with a global financial institution
  • Increased ARR per customer to over $325,000
  • Customers include 10 of the top 15 global banks
  • Selected by Dell Technologies to be the analytics query engine powering the Dell Data Lakehouse, the data platform for Dell’s AI Factory GTM

“Enterprises and governments worldwide have embraced our open, hybrid data lakehouse as a key enabler for their AI initiatives,” said Justin Borgman, Co-Founder and CEO of Starburst. “There is no AI without data. Starburst empowers organizations to secure, govern and provide compliant data access by the LLMs for RAG or agentic workflows – whether on-premises or in the cloud – unlocking AI-ready application development and deployment at scale.”

Customers around the world are partnering with Starburst to accelerate their AI journey.

“Starburst’s AI strategy reflects our deep partnership with customers,” said Steven Chung, President of Starburst. “These enterprises are aggressively driving AI adoption, and we’re excited to join them on this journey.”

About Starburst
Starburst is the data platform for analytics, applications, and AI, unifying data across clouds and on-premises to accelerate AI innovation. Organizations—from startups to Fortune 500 enterprises in 60+ countries around the globe — customers rely on Starburst for fast data access, seamless collaboration, and enterprise-grade governance on an open data lakehouse. Wherever data lives, Starburst unlocks its full potential, powering data and AI from development to deployment. By future-proofing data architecture, Starburst helps businesses fuel innovation with AI. Learn more at starburst.ai.

Media Contact:
Beth Winkowski, Public Relations for Starburst
beth@winkowskipr.com
978-649-7189

AEH Group and VitalEdge Technologies Partner to Implement the e-Emphasys Digital Transformation Platform

CARY, N.C., Feb. 20, 2025 /PRNewswire/ — VitalEdge Technologies, a global leader in enterprise software solutions for the heavy equipment and rental industries, is proud to announce that Agricultural Equipment Holdings (AEH Group), a leading provider of agricultural machinery and solutions in Australia, has selected VitalEdge as their digital transformation partner to enhance their operations and deliver superior customer experiences.

VitalEdge Technologies and Agricultural Equipment Holdings (AEH Group)
VitalEdge Technologies and Agricultural Equipment Holdings (AEH Group)

“We are excited to partner with VitalEdge Technologies as we embark on a transformative journey to enhance our operations and better serve our customers,” said David Thompson, Chief Operations Officer of AEH Group.” After a thorough evaluation of available solutions, we selected VitalEdge for their deep domain expertise, integrated cloud platform, advanced data analytics capabilities, commitment to innovation, and highly scalable platform. The e-Emphasys ERP solution and its suite of integrated applications will provide us with the tools and insights needed to streamline our processes, drive efficiency, and deliver even greater value to our clients. VitalEdge’s industry expertise and shared vision make them the ideal partner for this critical phase of our growth.”

As part of this strategic partnership, AEH Group will implement the e-Emphasys ERP solution and its integrated suite of applications across their entire organization. This deployment will include cutting-edge tools such as CRM for enhanced customer relationship management, Equipment Inspections for streamlined asset tracking, Mobile Field Service to empower technicians in the field, and Business Intelligence for actionable insights through advanced analytics. By adopting this comprehensive platform, AEH Group aims to optimize operational efficiency, enhance decision-making, and deliver superior service to their customers, positioning the company for long-term growth and success.

“We are thrilled to partner with AEH Group in their digital transformation journey,” said Vikram Savkar, CEO of VitalEdge Technologies. “By deploying our e-Emphasys ERP solution and integrated applications, AEH Group is not only streamlining its operations, but also laying the foundation for sustained growth and innovation. This partnership highlights the shared commitment of both organizations to harness cutting-edge technology to drive efficiency and deliver unparalleled value to customers in the agricultural and construction equipment industries. Australia and New Zealand are key areas of growth for VitalEdge, and this collaboration further strengthens our presence in the region. We have been highly impressed with AEH Group’s innovative business model and are excited to partner with them to help achieve their growth objectives.”

“We are confident that partnering with VitalEdge Technologies and implementing the e-Emphasys ERP solution will enable us to better serve our customers and enhance their overall experience,” said Patrick Joyce, National Service and Business Systems Manager of AEH Group. “This advanced technology will allow us to streamline our operations, provide real-time insights, and empower our team to deliver faster, more efficient service. By turning technology into a competitive advantage, we are not only strengthening our current capabilities but also building a technology foundation for sustained excellence in the years to come.”

About AEH Group

AEH Group operates 12 branches across Australia, providing farmers and contractors with top-tier agricultural and construction equipment solutions. As a leading provider in the industry, AEH Group offers an extensive range of machinery, including tractors, combine harvesters, and construction equipment, to meet the diverse needs of its customers. They proudly carry world-renowned brands such as New Holland Agriculture, known for innovative and efficient farming equipment, and New Holland Construction, offering durable machinery for construction and agricultural applications. Committed to supporting Australian agriculture, AEH Group combines cutting-edge technology with exceptional service across New South Wales, Victoria, and Tasmania. For more information, visit www.aehgroup.net.au.

About VitalEdge Technologies

VitalEdge Technologies is a leading global provider of dealer management solutions. Its e-Emphasys ERP and IntelliDealer DMS software suites give agriculture, construction, heavy truck, material handling, and other equipment dealers digital transformation and data intelligence technology to transform and grow their businesses. Designed to meet these clients’ industry-specific needs, its platforms connect every aspect of dealership operations and provide insights to increase efficiency, client satisfaction, and profitability. For more information, visit www.VitalEdge.com.

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MicroCloud Hologram Inc. Develops Local Quantum Coherence (LQC) for Precise Detection of Quantum Phase Transition (QPT) Phenomena in Multi-Model Systems

SHENZHEN, China, Feb. 20, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, they focuses on the in-depth exploration of the connection between local quantum coherence (LQC) and quantum phase transition (QPT), providing new perspectives and theoretical foundations for understanding the characteristics and transition mechanisms of quantum systems.

The study of quantum phase transitions is of crucial importance for revealing the mysteries of quantum many-body systems, as well as for developing novel quantum materials and quantum devices. However, accurately detecting and understanding the process of quantum phase transitions has remained one of the key challenges in this field. HOLO introduces the important concept of local quantum coherence (LQC), based on Wigner-Yanase skew information, to study quantum phase transitions. Wigner-Yanase skew information is a significant quantity in quantum information theory, capable of characterizing the non-classical properties of quantum states. Local quantum coherence focuses on the quantum coherence properties in local regions of a quantum system. This coherence is one of the key distinguishing features between quantum and classical systems, reflecting the superposition property of quantum states and the degree of entanglement between quantum bits. In their research, HOLO applies LQC to several typical quantum models, including the one-dimensional Hubbard model with three-spin interactions, the XY spin chain model, and the Su-Schrieffer-Heeger model. The one-dimensional Hubbard model is an important model for describing the motion and interaction of electrons in a lattice and is widely used in condensed matter physics to study the properties of strongly correlated electron systems. The XY spin chain model mainly investigates the interactions between spins and the resulting quantum state properties. The Su-Schrieffer-Heeger model is commonly used to describe the electronic structure and superconducting phenomena in organic polymers.

Through in-depth studies of these models, HOLO discovered that LQC and its derivatives can successfully be used to detect different types of quantum phase transitions in spin and fermion systems. In these models, quantum phase transitions lead to significant changes in the system’s quantum states, and LQC is able to sensitively capture these changes. For example, in the one-dimensional Hubbard model, when the system undergoes a quantum phase transition from a metallic phase to an insulating phase, the value of LQC shows a clear discontinuity, which corresponds to the critical point of the quantum phase transition, providing a clear signal for determining the occurrence of the quantum phase transition. In the XY spin chain model, LQC can accurately reflect the changes in the correlation between spins during the quantum phase transition process, helping to deepen the understanding of the microscopic mechanisms behind quantum phase transitions.

Additionally, HOLO also investigated the role of LQC in detecting quantum phase transitions at finite temperatures. In real quantum systems, temperature often cannot be ignored, and finite temperatures can affect quantum states, potentially causing some quantum properties to vanish. In such cases, traditional tools used for detecting quantum phase transitions, such as entanglement, may lose their effectiveness. However, HOLO’s research shows that LQC, as a manifestation of quantum discord (QD), can still effectively detect quantum phase transitions at finite temperatures. Quantum discord is a broader measure of quantum correlations, which not only includes entanglement as a strong form of quantum correlation but also encompasses non-entangled yet quantum-correlated states. As a specific manifestation of quantum discord, LQC can capture subtle changes in quantum correlations within a system at finite temperatures, providing a new approach for detecting quantum phase transitions.

HOLO further demonstrated that, compared to quantum dots, LQC can exhibit different behaviors in various forms. Quantum dots are zero-dimensional quantum systems with unique quantum properties, commonly used in fields like quantum information processing and quantum computing. The behavior of LQC in quantum dot systems differs from that in other quantum systems, as it is influenced by factors such as the size, shape, and surrounding environment of the quantum dot. Through comparative studies, HOLO discovered that LQC displays a rich variety of characteristics in different quantum systems, providing important clues for further understanding the nature of quantum systems and for the development of novel quantum technologies.

HOLO’s research on the connection between LQC and QPT offers new theoretical tools and research methods for the study of quantum phase transitions. This achievement not only helps deepen our understanding of the fundamental properties of quantum many-body systems but also provides potential application directions for the design of future quantum materials and the development of quantum devices.

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.