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Fescaro makes strong Kosdaq debut, eyes global auto cybersecurity

SUWON, South Korea, Dec. 19, 2025 /PRNewswire/ — This is an article published in The Korea Herald:

South Korean mobility software solutions provider Fescaro (https://www.fescaro.com/en/) has made a successful debut on the Kosdaq market through the technology special listing track, accelerating its expansion in the global automotive cybersecurity market.

The company’s shares surged more than 70 percent on Dec. 10, their first day of trading. Fescaro closed at 27,100 won ($18), up 74.84 percent from its initial public offering price of 15,500 won.

Founded in 2016, Fescaro is led by a team of experts in automotive electrical and electronic systems, as well as white-hat hacking. The company provides an integrated automotive cybersecurity platform designed to protect vehicles from increasingly sophisticated cyber threats.

Fescaro said the automotive industry’s rapid shift from hardware-centered manufacturing to software-defined vehicles has elevated cybersecurity from a supporting function to a core requirement. In response, the company offers comprehensive solutions that help automakers comply with tightening global cybersecurity regulations.

By combining expertise in automotive electronics and IT security, Fescaro positions itself as a “Tier 0.5 cybersecurity partner,” linking automaker with Tier 1 suppliers. Unlike traditional vendors, the company engages from the early vehicle planning stage, providing services that range from designing security architecture to implementing regulatory compliance.

Fescaro has also demonstrated technological credibility in overseas markets, obtaining all four major European Union automotive cybersecurity certifications in partnership with its customers. The company has also formed strategic partnerships with the Automotive Information Sharing and Analysis Center (Auto-ISAC) and global certification body, TUV Nord.

Following the listing, Fescaro plans to expand its global footprint, targeting China and the United States before moving into Europe, Japan and India. Its Cyber Security Management System Portal, an integrated platform for managing vehicle cybersecurity requirements, is expected to serve as a key driver of this expansion.

“This listing represents official recognition of Fescaro’s technological competitiveness and growth potential,” said Hong Seok-min, CEO of Fescaro. “We will proactively address challenges in the mobility sector and continue our efforts to become a global leader in automotive cybersecurity.”

ADFW 2025 Delivers Successful Edition, Showcasing Abu Dhabi’s Next Decade of Growth with Over 35,000 Attendees

ABU DHABI, UAE, Dec. 19, 2025 /PRNewswire/ — Abu Dhabi Finance Week (ADFW) 2025, held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council concluded after a momentous week of dynamic discussions, announcements, and visionary collaboration that further rooted Abu Dhabi’s stature as a leading global financial hub.

 

As Abu Dhabi’s flagship financial and investment event, organised by ADGM with ADQ as Headline Partner, ADFW 2025 brought together an unprecedented 35,000+ attendees with more than 30% international participants, representing 175 nationalities, across 68 events and 394 thematic sessions. The event convened 819 influential speakers and over 69 global and regional partners, including Hanwha as a Strategic Partner.

For the first time in the event’s history, the total assets represented during the week surpassed USD 62 trillion – equivalent to 53% of global GDP – as international capital leaders, investors, regulators, and innovators amalgamated in Abu Dhabi to shape the future of global finance.

Commenting on ADFW’s most successful edition, H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM, said, “ADFW has been recognised as one of the world’s most influential financial gatherings. This record-breaking edition demonstrated Abu Dhabi’s ability to convene global capital at a meaningful scale, with decision makers representing more than USD 62 trillion in assets coming together to shape the future of finance.  ADFW has evolved as Abu Dhabi’s own global platform, enabling deal-making and capital formation by uniting capital, policy, and innovation with confidence and precision. As the “Capital of Capital”, Abu Dhabi is not only hosting global financial dialogue but actively engineering the architecture that will define the next decade of global growth.”

Impactful Dialogue and Transformative Announcements

This year’s edition catalysed strategic progress across global finance. Among the most consequential developments, ADGM welcomed 11 global financial institutions managing over USD 9 trillion in AUM, in the run-up to and during the fourth and largest edition of ADFW, marking a historic presence of global capital in Abu Dhabi’s thriving financial ecosystem. In 2025, in the run-up to ADFW, global giants such as UBS Group, KKR, Julius Baer, HarbourVest, Madison Realty Capital, Partners Group, DWS and Monroe Capital announced setting up within ADGM’s jurisdiction. Additionally, during the four-day event, entities such as Cantor Fitzgerald, Circle Internet MEA, BBVA, ‘Arab Bank (Switzerland) Middle East Ltd, Gulf, Plenary ME Infrastructure Partners, iCapital and Eurasian Development Bank unveiled the opening of offices in Abu Dhabi’s international financial centre.

In a powerful convergence of finance and philanthropy, a USD 1.9 billion global commitment to eradicate polio was pledged during a high-level moment convened by the Mohamed bin Zayed (MBZ) Foundation for Humanity, with the participation of Bill Gates, as well as global, regional, and local donors.

In a major regulatory milestone, Binance became the first crypto exchange globally to receive a global licence under ADGM’s regulatory framework, setting a new global benchmark for digital asset oversight and reinforcing Abu Dhabi’s leadership in financial innovation. ERM, the world’s largest specialist sustainability consultancy, announced the opening of its new office within ADGM, highlighting the financial centre’s expanding role in advancing the global sustainability agenda.

Abu Dhabi Ranked MENA’s No. 1 Financial Hub

An inaugural Financial Centres Competitiveness Index (FCCI), unveiled during ADFW by the Stern School of Business at NYU Abu Dhabi (Stern at NYUAD), ranked Abu Dhabi as the top financial centre in the Middle East and North Africa (MENA) and 12th globally. This achievement further strengthens the UAE capital’s reputation as one of the world’s most influential financial hubs through ADGM.

ADFW 2025 has Engineered the Capital Network

The record-breaking edition of ADFW 2025 was anchored by the theme “Engineering the Capital Network,” and demonstrated Abu Dhabi’s continued emergence as a global financial epicentre as well as ADGM’s role in shaping the future architecture of global finance by connecting capital, technology and policy in new and transformative ways.

The event witnessed the announcement of Memorandums of Understanding (MoUs) and strategic collaborations among global, regional, and local entities. This year,  82 MoUs and partnerships were signed during ADFW, further strengthening cross-border alliances and innovation pipelines in the coming year. Top entities that leveraged ADFW’s strategic platform to announce their collaborations include BlackRock, Franklin Templeton,  Mubadala, Mastercard, Hanwha, Swiss Re, RIQ, Kitopi Global, Kresus, Zelo, MarcyPen Capital Partners, Tether, Crypto.com, Zodia, Presto, PCP, Warner bros. Discovery, Global World Gold Council, Bain Capital and more.

The next edition of Abu Dhabi Finance Week will take place from 7–10 December 2026, building on the momentum of ADFW 2025 and reinforcing ADFW as the region’s leading global financial gathering.

For more information, please visit: www.adfw.com  

Robo.ai Inc. Submits Application to Participate in the Pre-Restructuring Strategic Investor Selection of Shanghai JIDU Automobile Co., Ltd.

DUBAI, UAE, Dec. 19, 2025 /PRNewswire/ — On December 19, 2025, Robo.ai Inc. (NASDAQ: AIIO) officially submitted its application to the provisional administrator of Shanghai JIDU Automobile Co., Ltd. (JIDU Auto), seeking to participate in its pre-restructuring.

Following its re-branding and strategic transformation, Robo.ai is advancing towards building a “Smart Open Machine Economy”,  and exploring integration of AI technologies with smart device and smart asset.

JIDU Auto is one of the early pioneers of the “robot car” technology, focusing on the smart mobility solutions. Its strategic direction is highly aligned with Robo.ai’s ambition of building a “Smart Open Machine Economy”. JIDU Auto has completed the R&D and mass production of multiple advanced intelligent assisted-driving models, including the JIDU 01 and JIDU 07, since 2023.

Leveraging its unique “UAE headquarters + Nasdaq listed” structure, Robo.ai intends to explore potential synergies with JIDU Auto in areas such as international capital markets and overseas market expansion, accelerating the commercialization of “automobile robots” in high-growth global markets.

Robo.ai has completed application submission. In accordance with the formal legal procedures, the Company will proceed with the due diligence process as well as the submission and negotiation of the Pre-Restructuring Investment Plan, following due diligence deposit payment. The Company cautions this submission represents a preliminary step in the pre-restructuring process. The final outcome of the restructuring is subject to the review and negotiations with the provisional administrator and relevant creditors of Jidu, and the approval of the court.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in such statements. Risks include, but are not limited to: uncertainties regarding the Company’s ability to pass the qualification review, the complexities of due diligence findings, the competitive landscape with other potential investors, and legal risks associated with obtaining approval for the restructuring plan. Robo.ai undertakes no obligation to update these forward-looking statements, except as required by law.

ETHGas Debuts Ethereum’s Blockspace Futures Market with $800m of Commitments and $12m Seed Round Led by Polychain Capital

HONG KONG , Dec. 19, 2025 /PRNewswire/ — ETHGas, a settlement infrastructure for Ethereum, announces the debut of Ethereum’s blockspace futures market, with US$800m of commitments from leading builders in Ethereum and a $12m seed round led by Polychain Capital.

ETHGas has raised a $12M seed round, led by Polychain Capital, to build Ethereum’s blockspace futures market.
ETHGas has raised a $12M seed round, led by Polychain Capital, to build Ethereum’s blockspace futures market.

ETHGas is settlement infrastructure making Ethereum’s blockspace tradeable, enabling users of Ethereum and distributed compute applications to trade, acquire, sell-forward and hedge any quantum of computation and storage on the blockchain.

ETHGas addresses Ethereum’s processing constraints and gas price volatility, through transaction futures (“pre-confirmations”) across a range of maturities and precise order execution. ETHGas enables Ethereum’s wholesale participants to reduce risks within the transaction pipeline, enhance staking yields, while reducing gas price volatility for enterprises and eliminating gas fees for consumers.

ETHGas works in close alignment with the Ethereum Foundation and follows Ethereum co-founder Vitalik Buterin’s call for a gas futures market.

ETHGas marks the advent of Ethereum’s blockspace futures markets and establishes blockspace as a unique and tradeable asset key to the viability of proof-of-stake blockchains. ETHGas is led by Kevin Lepsoe, a financial engineer and former head of Morgan Stanley’s structured derivatives business in Asia. He leads a team of engineers and quantitative developers drawn from  Morgan Stanley, Deutsche Bank, HKEx and Lockheed Martin.

ETHGas’ launch is accompanied by the closing of a $12m seed round led by Polychain and featuring notable investors such as Stake Capital, BlueYard Capital, Lafayette Macro Advisors, SIG DT and Amber Group, as well as Ethereum validators, block builders and relays. Together, these parties have contributed an initial US$800m in commitments to support ETHGas’s marketplace and product development.

About ETHGas

ETHGas is a marketplace for Ethereum blockspace commitments. ETHGas transforms how users interact with Ethereum by enabling low-latency, 3ms settlement times and a comprehensive product suite centred on precision order execution. ETHGas’s mission is to advance Ethereum into a real-time network unlocking the next stage of its evolution. We envision a future where end-users can shield themselves from gas price volatility, unlock opportunities for additional yield and enhance their experience within the Ethereum ecosystem.

About Polychain Capital

Polychain Capital is a premier investment firm focused on the blockchain and cryptocurrency space. With a mission to advance the global adoption of decentralized technologies, Polychain supports innovative projects that redefine finance, technology, and community engagement.

Cambridge Mobile Telematics Receives Frost & Sullivan’s 2025 Global Telematics Insurance and Connected Claims Market Leadership Recognition for Excellence in Mobility Ecosystem Innovation

CMT is honored for advancing crash technology and shaping the future of mobility ecosystems through industry-leading telematics, AI-driven insights, and connected claims innovation.

SAN ANTONIO, Dec. 19, 2025 /PRNewswire/ — Frost & Sullivan is pleased to announce that Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, has been given the 2025 Global Market Leadership Recognition in the telematics insurance and connected claims sector for its outstanding achievements in sustainability, driver engagement, behavioral improvement, operational efficiency, and social impact. This marks the second consecutive year CMT has earned Frost & Sullivan’s highest recognition in this category. This recognition highlights CMT’s consistent leadership in driving measurable outcomes, strengthening its market position, and delivering customer-centric innovation in an evolving competitive landscape.

Guided by a long-term growth strategy focused on building a mobility ecosystem and elevating customer engagement, CMT has shown its ability to adapt and lead in a rapidly evolving environment. The company’s strategic agility and sustained investment in crash detection and mobile telematics innovation have enabled it to scale effectively across global markets, expanding its impact on road safety and insurance transformation worldwide. “Frost & Sullivan commends CMT for advancing crash detection technology with unmatched precision, expanding coverage through strategic integrations, and delivering scalable solutions that set new standards for safety and insurer value,” states Parduman Satpal, Industry Analyst at Frost & Sullivan.

Innovation remains central to CMT’s approach. Its suite of solutions—including crash detection, driver engagement, embedded insurance capabilities, digital claims enablement, roadside assistance activation, real-time weather alerts, and proactive engagement tools—addresses the full spectrum of mobility and connected claims needs. These capabilities are powered by compliant and scalable platforms, AI-driven analytics, and flexible deployment models, enabling insurers, mobility providers, and drivers to improve safety outcomes and reduce claims costs. 

CMT’s AI leadership is driven by DriveWell Atlas, a suite of telematics foundation models that learns the underlying physics of motion, force, and trajectory across CMT’s global dataset. This provides new levels of context, precision, and insight for insurers, mobility providers, and drivers.

CMT’s DriveWell Fusion platform unifies sensor data from smartphones, connected cars, proprietary Tags, dashcams, and third-party devices, delivering a harmonized and highly accurate view of driving behavior, crash events, and risk.

CMT’s unwavering commitment to customer experience further strengthens its position in the global market. By streamlining service delivery, embedding real-time safety tools, and maintaining consistently high platform availability, the company continues to meet the needs of insurers, drivers, and mobility partners worldwide. Its collaborative approach, privacy-first framework, and strong global partner network have been essential in delivering long-term value across diverse market segments. 

The measurable safety impact of CMT’s platform has been significant. Programs powered by CMT have lowered distracted driving by 20 percent, reduced hard braking by 9 percent, and cut injury claims by more than 5 percent. To date, CMT’s technology has helped prevent more than 100,000 crashes and 54,000 serious road-related injuries.

“CMT exists to make the world’s roads and drivers safer, and that mission drives every decision we make,” said William V. Powers, Co-Founder and CEO of CMT. “Our teams are building technology that reduces crashes, protects people in critical moments, and delivers new mobility experiences at a global scale. We’re expanding into new markets, partnering across industries, and pushing innovation forward from every angle, from advanced AI to next-generation safety services. We’re humbled by Frost & Sullivan’s recognition.”

Frost & Sullivan commends CMT for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s mission-driven culture, innovation pipeline, and customer-first philosophy are shaping the future of telematics insurance and connected claims, driving tangible safety and efficiency results at scale.

Each year, Frost & Sullivan presents the Market Leadership Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. It recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices Recognition

Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact

Camila Tinajero
E: camila.tinajero@frost.com 

About Cambridge Mobile Telematics

Cambridge Mobile Telematics (CMT) is the world’s largest telematics service provider. Its mission is to make the world’s roads and drivers safer. The company’s AI-driven platform, DriveWell Fusion®, proactively identifies and reduces driving risk, leading to fewer crashes and injuries, making mobility safer. To date, CMT’s technology has helped prevent over 100,000 crashes worldwide. CMT partners with insurers, automakers, commercial mobility companies, and the public sector to measure risk, detect crashes, provide life-saving assistance, and streamline claims. Headquartered in Cambridge, MA, CMT operates globally with offices in Budapest, Chennai, Seattle, Tokyo, and Zagreb. Learn more at www.cmt.ai.

Contact

Erica Camilo, erica@connexacommunications.com, +1 610 639 5644

Gennaker offshore wind farm obtains construction and operations permit


HAMBURG, GERMANY – EQS Newswire – 19 December 2025 –

  • Skyborn’s Gennaker offshore wind farm, located in the German Baltic Sea, has received its state planning approval
  • Decision opens the route to FID and the start of construction activities, with scheduled commissioning in 2028
  • The Gennaker offshore wind farm, the is currently the largest project in the German Baltic Sea and will provide green electricity equivalent to the usage of approximately one million households per year

Skyborn Renewables’ (Skyborn) permit application for its 976.5 MW Gennaker offshore wind farm, located in the German Baltic Sea and with a commissioning target date of 2028, has been approved on 16 December by the State Office for Agriculture and Environment in Stralsund, Western Pomerania.

The permit is handed-over to Skyborn today by the Ministry of Climate Protection, Agriculture and Environment Mecklenburg-Western Pomerania in Rostock. This achievement enables Skyborn to proceed to an anticipated Final Investment Decision (FID) in summer 2026, with construction planned to take place over a period of two years and commissioning in 2028.

Once operational, the Gennaker offshore wind farm will add up to 976.5 MW to Germany’s total renewable energy capacity and generate annually green electricity of 4TWh, equal to the annual consumption of approximately one million households.

“We are delighted to present Skyborn with the approval from the state of Mecklenburg-Western Pomerania for the Gennaker offshore wind farm today. The approval includes the highest environmental standards and ensures that the project will be constructed and operated in an environmentally friendly manner. The location in the priority area for offshore wind is particularly well suited for the planned use. The project is a flagship project for the German Baltic Sea and the federal state of Mecklenburg-Western Pomerania,” says Minister Dr. Backhaus.

“Skyborn’s ambition and intention is clear. To deliver and operate high-quality projects in stable, viable markets based on existing, reliable technology. Gennaker is a good example of how green electricity from offshore wind, with its high availability, can further strengthen the security and diversity of our energy mix. With its decisions, the state of Mecklenburg-Western Pomerania is demonstrating its intention to establish itself as an excellent investment location, both nationally and internationally.,” says Patrick Lammers, Skyborn CEO.

“With permission now granted, we are in an excellent position to move through FID and into the construction phase of what is set to be one of Germany’s largest offshore wind farms, supporting long-term local employment and a building a more secure, more sustainable energy supply. We are excited about the progress we have made so far, and look forward to the next important stages of this major project”, says Lars Muck, Project Director.

The issued permit allows for the construction and operation of 63 wind turbine generators (WTGs) of the state-of-the-art 15 MW class, an amendment to the previous plan for a larger number of smaller WTGs (approved in 2019 and 2024). The new permit also foresees an increase of the maximum capacity (incl. power boost) from 927.0 MW to 976.5 MW, without any change in the total footprint of the offshore wind farm.

Located approximately 15 kilometres north of the Fischland-Darß-Zingst peninsula, the Gennaker offshore wind farm area sits within a designated priority zone for offshore wind energy in the Mecklenburg-Western Pomerania coastal sea. Skyborn secured the initial permit for the Gennaker offshore wind farm site in May 2019 and retains exclusive rights for the site development.

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

About Skyborn

Skyborn is an accomplished offshore wind developer and operator with more than 20 years’ experience, headquartered in Germany. The company’s capabilities cover the entire offshore wind value chain, including greenfield development, project engineering and design, procurement, financing, corporate power purchase agreements, construction management and asset management. Skyborn is a portfolio company of New York based Global Infrastructure Partners (GIP), a leading infrastructure investor and part of Blackrock. For more information, visit:

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The Return of KUKAN: An Oscar-Winning Documentary Legend Released Worldwide

CHONGQING, China, Dec. 19, 2025 /PRNewswire/ — A news report from iChongqing—”Return of KUKAN”, a documentary produced by the Western China International Communication Organization, meticulously produced over one year, finally makes its debut—paying tribute to those who fought with tenacity against fascism.

The launch follows Chongqing International Culture Association’s donation of the restored documentary “KUKAN: The Secret of Unconquerable China” to the Academy Museum of Motion Pictures in Los Angeles this June, which drew international attention. What makes this once-lost film, unseen for over eighty years, so remarkable? And what stories lie behind its recovery?

“KUKAN: The Secret of Unconquerable China” holds a singular place in film history. Funded and initiated by Chinese American artist Li Ling-Ai and shot by American cinematographer Rey Scott between 1939 and 1940, it offers an extraordinary visual record of China’s resilience during the war.

Using a rare 16mm color camera, Scott captured sweeping scenes from Guangdong’s guerrilla fighters and the Burma Road to the bombings of Chongqing and life in the Northwest hinterlands. The renowned writer Lin Yutang titled the film “KUKAN: The Secret of Unconquerable China”. As the first color film documenting China’s war effort, it serves as a moving cinematic time capsule. It received a Special Award at the 14th Academy Awards in 1942, yet the footage was lost for decades before being rediscovered in 2009.

“Return of KUKAN” chronicles the cultural rescue of the original film—from archival research and digital restoration to U.S. screenings, its donation to the Academy Museum of Motion Pictures, and its reintroduction to global audiences. These efforts have revived a crucial piece of visual history after eighty years in obscurity.

The new documentary also bridges the past and present. Retracing Scott’s footsteps, it visits historic wartime sites, reflects on China-U.S. wartime cooperation, and observes the passage of time. Through a blend of archival footage and contemporary interviews, “Return of KUKAN” brings to light powerful human stories – not only salvaging a forgotten legacy but paying deep tribute to the enduring spirit of resilience.

Now, let us journey through history and once again witness what makes China unconquerable.

https://youtu.be/l1wuKBz-SSI?si=vd7xuCmANvcFtSj8 

 

Strategic Investor CDIB Confirms $90 Million Initial Investment in Autozi at $3.50 per Share

BEIJING, Dec. 19, 2025 /PRNewswire/ — Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (“Autozi” or the “Company”) today announced that its strategic investor, CDIB (Catalyst Digital Intelligence Business Ltd.), has formally confirmed, following a previous letter of intent, an initial equity investment of $90 million USD in Autozi at a price of $3.50 USD per share.

This investment marks the entry into a substantive phase of the strategic cooperation between Autozi and CDIB. The parties will engage in deep collaboration across multiple dimensions, including digitalization of the automotive aftermarket, intelligent risk control, data asset operations, and international expansion. This partnership aims to jointly enhance Autozi’s comprehensive competitiveness within global capital markets and the industry value chain.

Autozi’s management stated, “The formal confirmation of CDIB’s investment not only reflects strong recognition from international capital markets regarding our business model and growth prospects but also significantly strengthens our capital position. This provides robust support for our initiatives in digital transformation across the entire automotive service chain, innovation-driven business expansion, and potential mergers and acquisitions. We remain focused on enhancing user experience and operational efficiency, solidifying our core advantages in the automotive aftermarket services sector.”

CDIB commented, “Autozi possesses a clear strategic positioning, demonstrable business results, and significant growth resilience within the automotive aftermarket services and digital operations space. CDIB believes that through capital empowerment combined with multi-dimensional synergies in technology and resources, Autozi has substantial potential to unlock greater growth opportunities in both China and international markets, achieving long-term value creation.”

This investment remains subject to customary closing conditions, including the execution of definitive agreements and regulatory approvals. Autozi will provide further updates in accordance with relevant US securities market regulations as progress continues.

About Autozi Internet Technology (Global) Ltd.

AZI is a technology-driven operator of comprehensive solution-focused automotive e-commerce platforms. Leveraging advanced internet technologies and big data analytics tools, it provides global participants in the automotive industry with a range of value-added services, including but not limited to new car sales, parts procurement, and logistics coordination. The company aims to promote the upgrading and transformation of the entire industry chain by improving circulation efficiency and reducing operational costs.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.