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Altair and HD Hyundai Heavy Industries Sign MoU to Advance Eco-Friendly Marine Engine Development Technologies with AI and Simulation

Accelerating innovation in eco-friendly marine engine development with AI-powered engineering

TROY, Mich., May 21, 2025 /PRNewswire/ — Altair, a global leader in computational intelligence, has signed a strategic memorandum of understanding (MoU) with the Engine Research Institute at HD Hyundai Heavy Industries to enhance the performance of eco-friendly marine engines and power AI-driven development initiatives.

(Right) Pietro Cervellera, senior vice president of Altair, and (Left) Sungchan An, head of engine research center, HD Hyundai Heavy Industries (PRNewsFoto/Altair)
(Right) Pietro Cervellera, senior vice president of Altair, and (Left) Sungchan An, head of engine research center, HD Hyundai Heavy Industries (PRNewsFoto/Altair)

“This collaboration goes beyond technology development—it is a strategic partnership to shape the future of marine engine development,” said Pietro Cervellera, senior vice president of aerospace and defense, Altair. “By combining Altair’s global technological capabilities with HD Hyundai Heavy Industries’ expertise in eco-friendly marine engines, we aim to set a new standard for sustainable engine and machinery business.”

Altair was recently acquired by Siemens, a global leader in industrial software, to extend its leadership in simulation and industrial artificial intelligence. Altair technology is being integrated with the Siemens Xcelerator portfolio.  

Sungchan An, Ph.D., vice president and head of the Engine Research Institute, HD Hyundai Heavy Industries, stated, “HD Hyundai Heavy Industries and Altair have continuously collaborated on the development of simulation technologies for high-quality HiMSEN engine designs. With Altair now part of Siemens, the development of next-generation engine design technologies—such as virtual product development and AI-based engine simulation—is expected to further accelerate.”

This partnership comes in response to increasingly stringent environmental regulations in the global shipping industry. As digital transformation and technology advancement become critical in shipbuilding, Altair and HD Hyundai Heavy Industries will work together to strengthen innovation through simulation and AI technologies for eco-friendly marine engine development.

Under the agreement, Altair and HD Hyundai Heavy Industries will collaborate to:

  • Develop simulation platforms for eco-friendly marine engine design and optimization
  • Utilize AI-powered technologies for improving engine performance
  • Conduct predictive maintenance and diagnostics capabilities
  • Enhance engine safety through AI-based visualization technologies

Altair has proven its technological expertise in simulation-driven design and AI-powered predictive analytics through collaborations with major shipbuilders worldwide. With this collaboration, Altair will actively support HD Hyundai Heavy Industries in advancing eco-friendly marine engines and delivering tangible results in areas such as design efficiency, reduced development cycles, and performance enhancement. Altair is expected to contribute meaningfully to improvements in design efficiency, shorter development cycles, and enhanced performance by leveraging synergies with Siemens’ industrial software technologies.

Altair continues to expand the application of its solutions across various industries by combining its AI and simulation expertise with Siemens’ industrial software technologies following the acquisition.

To learn more about Altair, visit https://altair.com. To learn more about HD Hyundai Heavy Industries, visit https://english.hhi.co.kr/.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair is part of Siemens Digital Industries Software. To learn more, please visit www.altair.com or sw.siemens.com.

About HD Hyundai Heavy Industries (HHI)
Under its parent company HD Hyundai, HD Hyundai Heavy Industries (HHI) is leading the global shipbuilding and offshore engineering industry, delivering sustainable and efficient products that meet the world-class standards. Owning the world single largest shipyard and world’s largest marine engine maker, HHI has built a strong reputation over its 50-year history for delivering world-leading commercial and naval vessels, along with complex EPC projects that require precision and reliability. To learn more, please visit http://english.hhi.co.kr/ or https://www.hd.com/en/main.

Media contacts

Altair Corporate

Bridget Hagan

+1.216.769.2658

corp-newsroom@altair.com

Altair Europe/The Middle East/Africa 

Altair Asia-Pacific

Louise Wilce

Man Wang

+44 (0)7392 437 635

86-21-5016635,825

emea-newsroom@altair.com

apac-newsroom@altair.com

 

 

 

 

Prime Focus Technologies to showcase CLEAR® AI Agents and AI Applications for Postproduction and Content Supply Chain at Broadcast Asia 2025

LOS ANGELES, May 21, 2025 /PRNewswire/ — Prime Focus Technologies (PFT), the creator of CLEAR®, is excited to announce its participation at Broadcast Asia (BCA) in Singapore, where it will showcase its CLEAR® AI Agents and AI Applications—designed to deliver real results in postproduction and content supply chain workflows. CLEAR® AI is purpose-built for video content and is set to showcase how these innovations can enable visible ROI for AI investments today.

PFT at Broadcast Asia
PFT at Broadcast Asia

“In a region as diverse as APAC, AI must do more than automate—it must understand context, culture, and workflow nuances, said Anupam Sharma, Senior Vice President & Head of Sales – APAC, PFT. “At PFT, our AI Agents and AI Applications empower media companies to scale operations, accelerate time-to-market, and tap into new audience segments—without ballooning costs. This is AI that drives reach and revenue across your content portfolio.”

At BCA 2025, visitors at Meeting Room #5J3-8 will see:

Content Discovery AI Agents: CLEAR® AI’s Search & Metadata Agents go beyond keywords to empower teams to retrieve assets for powerful storytelling. Our AI Agents make it easier than ever to repurpose content, enabling new monetization channels and driving additional revenue.

Content Studio AI Agents: CLEAR® AI’s Content Creation Action Agents automate the time-consuming tasks of snackable content creation—from generating highlights to automating the editing process. This accelerates time-to-market and drives higher viewership and engagement. With proven success, including a 4X YouTube viewership increase and 22X revenue growth for a major content network, our AI Agents are designed to turn your content into a revenue generator.

Content Automation AI Agents: CLEAR® AI Automation Agents take the heavy lifting out of operations—whether automating segmentation, ensuring compliance, or seamlessly adapting assets for global distribution. Experience a 25% increase in viewer retention, a 15% boost in ad revenue, and a reduction in manual compliance review time by 80%.

Beyond AI Agents, PFT will feature applications like AI-powered video collaboration, smart MAM, and supply chain automation, empowering teams to achieve more with fewer resources and driving productivity while cutting operational costs.

Media companies don’t have time for experiments that don’t move the needle. See us at BCA, Meeting Room #5J3-8, and see how CLEAR® AI delivers real results—no fluff.

About Prime Focus Technologies

Prime Focus Technologies (PFT) is the creator of CLEAR®. It offers streaming platforms, studios, and broadcasters AI-led technology and media services powered by the cloud—enabling creativity, agility, and most importantly, revenue growth. PFT partners with major players such as Channel 4, ITV, Sinclair Broadcast Group, A&E Networks, Warner Bros. Discovery, Paramount, Crunchyroll, Insight TV, JioStar, BCCI, Tegna, Amazon MGM Studios, and more.

For more information visit: www.primefocustechnologies.com.

Press Contact

T Shobhana
Senior Vice President & Global Head of Marketing
Prime Focus Technologies
Los Angeles, CA
t.shobhana@primefocus.com

Sicona Signs Transformational Licensing Agreement with Himadri to Scale SiCx® Production

AU$15M investment to accelerate global commercialisation of SiCx® anode technology

SYDNEY, May 21, 2025 /PRNewswire/ — Sicona, a leading innovator in next-generation battery materials, today announced a landmark strategic partnership and technology licensing agreement with Himadri Speciality Chemical Ltd (BSE: 500184 | NSE: HSCL), one of the foremost specialty chemical conglomerates in India. The deal includes AU$15 million cornerstone investment by Himadri and marks a pivotal milestone in the commercialisation of Sicona’s flagship Silicon Carbon anode material, SiCx®.

The proceeds will be used to expand Sicona’s pilot plant operations in Australia and scale up production to meet surging demand for sampling materials from major global cell manufacturers who service the electric vehicle (EV), 3C (consumer electronics, communications and computers), defence and space industries, who are actively qualifying SiCx® for next-generation battery platforms.

Licensing Deal Overview: Accelerating Global Production

Under the agreement, Himadri will licence the full suite of intellectual property required to establish and operate a SiCx® production facility in India. The plant, which will be fully funded by Himadri, is being fast-tracked to meet rising global demand. Sales from the facility will be targeted primarily in the automotive sector—positioning Himadri and Sicona at the centre of global EV supply chains.

“This deal is transformative for Sicona,” said Christiaan Jordaan, CEO and Co-Founder of Sicona. “This partnership enables us to commercialise SiCx® at an unprecedented speed and scale, without shouldering the burden of the first-of-a-kind (FOAK) facility funding alone.” Himadri’s manufacturing pedigree and global reach make them the ideal partner.”

Strategic Benefits: Cost-Effective Global Commercialisation

For Sicona, this licensing model offers a capital-light pathway to revenue generation, accelerating its timeline to commercial scale production. Royalties from SiCx® sales in India will provide a steady income stream, while Sicona focuses on delivering its own large-scale facilities—cementing Sicona’s position as a global leader in Silicon Carbon (Si/C) anode materials.

“This partnership proves that early-stage climate tech startups can overcome the challenges of FOAK commercialisation with the right partners,” Jordaan added. “We’re now laser-focused on delivering the facilities in India and the USA.”

SiCx® Technology Edge

Sicona’s SiCx® is a non-silane, mechanical Silicon Carbon material that delivers industry-leading electrochemical performance. Unlike silane-based products, which rely on expensive, volatile and emissions-intensive gas processes, Sicona’s proprietary method uses inert and safe raw materials, allowing for location-agnostic manufacturing and competitive pricing. Furthermore, SiCx® makes no compromise in key specifications and performance.

SiCx® has been engineered to directly tackle two major barriers to EV adoption: limited range and long charge times. When blended with graphite (typically in proportions of 5–20%+), SiCx® boosts energy density by over 20% and cuts charge times by more than 40%, all while maintaining compatibility with today’s lithium-ion battery manufacturing lines.

These improvements contribute meaningfully to reducing carbon emissions in transport, while also diversifying the critical minerals supply chain away from high-risk, concentrated regions and inputs.

Himadri: A World-Class Manufacturing Partner

With over 30 years of manufacturing excellence, Himadri Speciality Chemical Ltd brings deep experience, robust infrastructure and global distribution capabilities to the partnership. Operating eight zero-liquid discharge pitch facilities and with product availability in around 56 countries, Himadri has established itself as a key player in the advanced materials value chain.

“This collaboration marks a turning point in the world’s advanced battery materials journey,” said Mr. Anurag Choudhary, Chairman, Managing Director and CEO of Himadri Speciality Chemical Ltd. “Sicona’s SiCx® delivers two core advantages—higher energy density for longer driving range, and faster charging capability that dramatically reduces wait time for EV users.”

“By integrating Sicona’s technological might with Himadri’s global scale and operational excellence, we are creating a blueprint for innovation-led clean energy leadership. We are throwing all our resources behind this project to get it operational on an accelerated timeline.”

Global Impact: From Pilot Plant to Global Leader

This agreement is the latest in a string of strategic milestones for Sicona, which recently announced plans to build a 6,500tpa commercial production facility in the southeastern United States with long-term plans to expand capacity there to 26,500 tpa on a single site.

With demand from EV manufacturers continuing to surge, Sicona is now positioned to scale rapidly across three continents—leveraging both direct operations and high-value partnerships to drive global impact.

“We thank Himadri for their unwavering belief in our team, our technology, and our mission,” said Jordaan. “Despite challenging capital markets, we are forging ahead, delivering on our goal to be the largest global producer of Si/C materials. This is how we win in climate tech, through smart partnerships, fast execution, and solutions that scale globally.”

About Sicona

Founded in 2019 and headquartered in Wollongong, Australia, Sicona is a next-generation battery materials company developing and commercializing advanced Silicon Carbon (Si/C) anode materials. SiCx®, Sicona’s flagship product, delivers breakthrough energy density and charging speed for lithium-ion batteries at industry leading cost and scale. Sicona’s mission is delivering high-performance battery materials at mass-market scale, aiming to reduce reliance on fossil fuels and mitigate climate change.

About Himadri Speciality Chemical Ltd

Himadri Speciality Chemical Ltd is a global speciality chemical conglomerate with a strong focus on research and development (R&D), innovation and sustainability. As pioneer in the production of lithium-ion battery materials in India, it continuously develops and innovates raw materials of lithium-ion battery value chain. It’s diverse product portfolio includes speciality carbon black, coal tar pitch, refined naphthalene, advance materials, SNF, speciality oils, clean power, etc. catering to various industries such as lithium-ion batteries, paints, plastics, tyres, technical rubber goods, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals. Himadri operates in both domestic and international markets, with its products available in around 56 countries across the globe. With a strong commitment to corporate governance, safety and sustainability, it has 8 zero-liquid discharge manufacturing facilities and utilizes in-house clean power for 100% of its electrical energy needs. Himadri is a people first organization and is making a positive impact on the industry, both in India and globally through its focus on innovation fuelled by extensive R&D, new business opportunities and sustainability.

ENDS

For more information, interview requests or images please contact Julian O’Brien, Sicona PR and Comms manager, +61 419 155 376 or jobrien@southbreakmedia.group 

Nota AI and DEEPX Sign MOU at Computex Taipei to Lead the On-Device AI Market

– Merging ultra-low-power AI semiconductors with lightweight AI technology to target global expansion –

TAIPEI, May 21, 2025 /PRNewswire/ — Nota AI (CEO Myungsu Chae), an expert in AI model optimization and on-device generative AI, and DEEPX (CEO Lokwon Kim), a leading developer of ultra-low-power on-device AI semiconductors have signed a strategic Memorandum of Understanding (MOU) at Computex Taipei 2025, the world’s largest ICT exhibition. This partnership aims to strengthen their global position in the rapidly growing on-device AI market.

Nota AI CEO Myungsu Chae and DEEPX CEO Lokwon Kim signing the partnership agreement.
Nota AI CEO Myungsu Chae and DEEPX CEO Lokwon Kim signing the partnership agreement.

Under the agreement, the two companies will co-develop AI solutions that combine DEEPX’s advanced Neural Processing Units (NPUs) with Nota AI’s lightweight AI models, enabling high-performance AI functionality even in ultra-compact, power-constrained devices. These joint solutions will serve as proof-of-concept models for applications in industrial robotics, smart appliances, security systems, mobility platforms, and more—accelerating market penetration both in Korea and globally.

As part of the collaboration, DEEPX will provide its NPU SDKs and development kits to support optimized integration of lightweight AI models. Nota AI will design and fine-tune application-specific models to meet diverse industry requirements. The partnership also includes co-marketing efforts, joint participation in global trade shows, and active engagement with B2B customers worldwide through proof-of-concept deployments.

“Our strategic partnership with DEEPX combines Nota AI’s proprietary AI optimization technologies with DEEPX’s world-class AI hardware innovation, positioning us as leaders in the global on-device AI market,” said Nota AI CEO Myungsu Chae. “Together, we will accelerate the deployment of optimized AI across a range of industrial applications.”

“This agreement will be an important collaboration to expand the on-device AI ecosystem,” said Lokwon Kim, CEO of DEEPX. “By combining the strengths of both on-device AI hardware and software, we will strive to bring competitive AI solutions to the global market.”

This MOU highlights the growing global recognition of Korean innovation in on-device AI technology, signaling a new phase of international expansion for domestically developed AI solutions.

About Nota AI

Nota AI (Nota Inc.) is a leading on-device AI company specializing in AI model optimization and on-device generative AI. Leveraging its proprietary NetsPresso® platform, Nota AI delivers high-performance AI capabilities across various industries, including transportation, automotive, mobile, IoT, and beyond. The company maintains strategic collaborations with global semiconductor leaders and Fortune 100 corporations such as NVIDIA, ARM, Qualcomm, Sony, and Samsung Electronics. With established entities in the U.S. and Germany, Nota AI is actively expanding its global presence, notably into key markets in the Middle East and Southeast Asia. The company’s technological leadership has been globally recognized, most recently by its inclusion in CB Insights’ ‘100 Most Innovative AI Startups’.
For more information, visit www.nota.ai.

About DEEPX

Founded in anticipation of an era when artificial intelligence will be as pervasive as electricity and Wi-Fi, DEEPX develops core technology for high-performance AI semiconductors and computing solutions that bring intelligence to electronic devices. DEEPX currently holds over 326 patents pending in the U.S., China, and Korea—one of the largest patent portfolios in the world for on-device AI chip development.

DEEPX’s AI semiconductors are optimized for various applications, improving energy efficiency while enabling advanced AI functionality. The company is collaborating with customers such as Hyundai Kia Motors Robotics Lab, POSCO DX, Jahwa Electronics, LGU+, and Inventec on mass-production developments. In addition, DEEPX works with more than 120 global organizations in areas like smart cameras, surveillance systems (AI NVR), smart factories, robotic platforms, and AI servers, and conducts strategic global promotions in the United States, China, Taiwan, and Europe.

Lumenato™ Receives EFSA Approval, Expanding Market Availability

BRANCHBURG, N.J., May 21, 2025 /PRNewswire/ — The European Food Safety Authority (EFSA) Panel on Nutrition, Novel Foods and Food Allergens has delivered a positive scientific opinion on Lumenato™, a standardized yellow tomato extract developed exclusively by Lycored, the global leader in natural carotenoids for food, beverage and dietary supplement products. The scientific opinion, published in the EFSA Journal, affirms the safety of Lumenato as a novel food and opens new global possibilities for brands to incorporate this unique, ingestible skincare ingredient into a variety of skin health solutions.

Derived from a proprietary breed of yellow tomato, Lumenato’s active components—phytoene and phytofluene—are rare, colorless carotenoids scarcely found in nature. These compounds have a unique capacity to protect the skin from UVB radiation, the most harmful type of UV exposure. Lumenato works from the inside out to build a reservoir of goodness within the body that supports the building blocks of skin health, repair and recuperation. Backed by four pre-clinical trials and three clinical trials, Lumenato has been shown to support skin structure, both boosting and protecting collagen and influencing ceramides for improved skin barrier function, elasticity, firmness, and more.1,2 

Lumenato is available at varied concentrations in powder (starch beadlets), extract (oleoresin) and liquid emulsion delivery formats, allowing for freedom of formulation in a range of applications including nutricosmetics and derm-level care. All formats contain standardized levels of skin repairing nutrients, providing consistent results with clean-label friendly and non-GMO project verified skin support. EFSA’s scientific opinion allows new global brands to start planning future product formulations using Lumenato, while awaiting the EU Novel Food list update to include yellow tomato extract.

Christiane Lippert, Global Product Manager, Beauty from Within Portfolio, states, “With this decision, Lumenato is now poised for broad acceptance across the EU, Switzerland, US, Canada, Australia, Korea, India and other countries for use in a variety of supplement products. Exclusively offered by Lycored, Lumenato is a remarkable innovation that helps achieve radiance and glow from the inside out and meets today’s growing demands for nature-sourced plant based, clean-label beauty from within solutions.” More information on Lumenato and supporting research is available at http://www.lycored.com/lumenato.

About Lycored
Lycored is an international company at the forefront of discovering the beauty within by combining nature’s goodness with cutting edge science to deliver a sensory journey that impacts wellbeing. Established in 1995 in Israel, Lycored is the global leader in natural carotenoids for food, beverage and dietary supplement products. For more information visit www.lycored.com.   

Contact
Kim Joyce
FoodMinds
413-519-6301
kjoyce@foodminds.com

1.  Tarshish et al. 2021 
2.  Tarshish et al. 2023 

 

Vinhomes strategically partners with VTK to build a model Korean community in ocean city


HUNG YEN, VIETNAM – Media OutReach Newswire – 21 May 2025 – Vinhomes Joint Stock Company and VTK Hung Yen Industrial Park Investment and Development Co., Ltd. (VTK) have signed a comprehensive cooperation agreement. This marks a significant step in the development of a Korean community within Ocean City. The partnership aims to enhance the quality of life and working environment for Korean experts, executives, and their families employed at VTK.

Photo (3)

The signing ceremony took place within the framework of the “Meet Korea 2025” event held in Hung Yen. The event was attended by Deputy Prime Minister, Foreign Minister Bui Thanh Son, Secretary of the Hung Yen Provincial Party Committee Nguyen Huu Nghia, and Korean Ambassador to Vietnam Choi Youngsam.

Also present were leaders from the Ministry of Foreign Affairs, Hung Yen Provincial People’s Committee, various departments and agencies, representatives from Korean trade promotion organizations and business associations, and hundreds of delegates from Vietnamese and Korean enterprises currently investing and operating in Vietnam.

Under the agreement, Vinhomes will develop and offer rental housing and office solutions for VTK and its experts and leaders. Both parties will also collaborate closely to create an eco-urban model seamlessly connected to the industrial park. This initiative aims to build a high-quality living and working environment, fostering a sustainably developing community within the model urban area of Ocean City.

Furthermore, Vinhomes will coordinate with its subsidiaries and companies within the Vingroup ecosystem to provide comprehensive services for the Korean and Vietnamese expert communities working at the Hung Yen Clean Industrial Park. This industrial park, developed by VTK, is located in Hong Tien commune, Khoai Chau district, and Xuan Truc commune, An Thi district, covering an area of over 140 hectares.

Specifically, StaynFun will provide dormitory solutions and living amenities such as swimming pools, parks, and community areas for VTK’s leadership. Vinpearl will offer industrial catering services, snack options, and event venues, alongside special preferential programs for golf courses and driving ranges for Korean businesses.

Vincom Retail will showcase the diverse amenities at Ocean City, including its shopping centers, commercial streets, and vibrant cultural and entertainment activities. For partner delegations from Korea, VinWonders will organize various group tour and entertainment programs, fostering both cultural exchange and internal cohesion.

Vinmec will provide on-site medical services, including examinations and emergency support directly within the industrial park. They will also connect with the Vinmec Ocean Park facility for periodic health check-ups and vaccinations. Vinschool and VinUni educational systems will partner with VTK to develop educational and training solutions for the children of employees working at the industrial park, laying a solid foundation for long-term investment strategies.

VinFast will implement preferential policies for personal and company electric vehicles, and collaborate with Green Future to offer rental and pre-owned electric vehicle services. VinFast charging stations will also be quickly established within the Hung Yen Clean Industrial Park, ensuring a convenient experience for vehicle users. Notably, VinBus will operate internal bus routes and connecting routes from the Hung Yen Clean Industrial Park to Ocean City, enhancing flexibility and environmental friendliness for daily commuting.

Mr. Han Jong Doek, General Director of VTK Hung Yen Industrial Park Investment and Development Co., Ltd., shared: “The Korean community in Vietnam is growing, but finding a suitable living space – a place where they can settle long-term and build a sustainable community – remains challenging. Ocean City, with its strategic vision and synchronized infrastructure, offers a comprehensive solution to this need.”

Thanks to its meticulous planning and all-in-one amenity system, Ocean City is being dubbed the “New Korean Hub” in Vietnam. It notably features K-Town, a district with hundreds of shops, brands, and services strongly reflecting Korean culture. Many other Korean-standard amenities are already present or soon to arrive, including the Korean Global School, a Korean Medical Center, and the Aquafield Korean-standard relaxation center within Vincom Mega Mall Ocean City. These are crucial components that will meet all the entertainment, health, and education needs of the Korean community living and working in the area.

Vinhomes’ comprehensive cooperation with VTK demonstrates the Company’s strong commitment to fostering sustainable development, green transformation, and elevating living standards for the Korean expert and labor community. Ocean City is also receiving significant investment to become a leading model mixed-use urban area, truly deserving its reputation as the best place to live for the international community in Vietnam.

Hashtag: #Vinhomes

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

About Vinhomes

Vinhomes is Vietnam’s leading real estate investment, business, and management company. Renowned for its scale, rapid development, and top-tier service quality, Vinhomes provides an ideal urban living experience with professionally planned residential areas, synchronized utility services, and a green, clean environment, helping to shape a new lifestyle for Vietnamese people. Currently, Vinhomes has developed and managed 30 urban areas nationwide, primarily in Hanoi, Ho Chi Minh City, Hung Yen, Hai Phong, and continues to expand into other localities.

About VTK Hung Yen Industrial Park Investment and Development Co., Ltd.

VTK (Vietnam Korea Together) is the investor of the VTK Clean Industrial Park in Hung Yen. This industrial park is the first Korean-style industrial complex within the Hung Yen Provincial Clean Industrial Cluster, managed by the Korea Land and Housing Corporation (LH), a state-owned entity under Korea’s Ministry of Land, Infrastructure, and Transport. Businesses leasing space in this complex are primarily Korean companies based in Korea or those with Korean shareholders.

Virtusa Bolsters Expansion Plans with Acquisition of Mav3rik

Accelerating growth and scale in the Australia Region as a leader in Salesforce

SOUTHBOROUGH, Mass., May 21, 2025 /PRNewswire/ — VirtusaCorporation, a global leader in digital business strategy, product, and platform engineering, today announced the acquisition of Mav3rik, an Australian-owned and operated strategic Salesforce and MuleSoft advisory and implementation partner. Mav3rik is a trusted advisor to numerous Public Sector, healthcare, and enterprises in other verticals throughout the region.  

“Our investment in Mav3rik is one step in growing our investments and footprint in the strategic ANZ and greater APAC regions.  We see these regions as technology powerhouses that will serve as engines of innovation and growth both for Virtusa and the digital economy in the years to come. Bringing Virtusa and Mav3rik capabilities together demonstrates our strong commitment to deliver purposefully on our regional clients’ strategic imperatives,” said Nitesh Banga, President and Chief Executive Officer of Virtusa.

Virtusa’s investment will support Mav3rik’s continued expansion while strengthening Virtusa’s Salesforce capabilities. Mav3rik’s architecture-led approach and technology expertise align closely with Virtusa’s “Engineering First” culture — a shared foundation that will help deliver greater value to clients across industries.

“We are excited to partner with the management team at Mav3rik to build and scale the business to become a leader in Salesforce services across Australia.” said Naresha Supramaniam, Market Head ANZ, at Virtusa “Our combined focus on industry solutions enables us to harness the best of agentforce to automate solutions at speed and scale”

Mav3rik brings deep domain expertise, a team of Certified Technical Architects (CTAs), industry consultants, and delivery specialists across Salesforce and MuleSoft. Its capabilities also include custom web and mobile development and Artificial Intelligence, alongside advisory and managed services. This strengthens Virtusa’s ability to deliver complex, high-impact digital solutions to its clients across various industry domains.

“We’re proud to join forces with Virtusa,” said Sean Finucane, Director and Co-Founder at Mav3rik. “This will enable us to move faster, go further, and deliver even more value to our clients in Australia, New Zealand, and beyond.”

Virtusa and Mav3rik are now united to build something greater together — a stronger, regionally focused Salesforce practice built on shared values, deep expertise, and a commitment to helping clients thrive in a rapidly changing world.

About Mav3rik

Mav3rik is an Australian-owned and operated strategic Salesforce and MuleSoft implementation partner and trusted advisor headquartered in Australia. With a focus on innovation and excellence, Mav3rik offers a comprehensive suite of services ranging from advisory and architecture to design and delivery to training and managed service/support designed to empower businesses and drive digital transformation. We work collaboratively with clients to understand their business challenges and objectives and to deliver high-quality solutions that drive successful outcomes. We are highly experienced in multiple industries with a strong focus on driving innovation and transformation in public sector/government, healthcare and commercial enterprise.

About Virtusa

Virtusa Corporation is a global provider of digital engineering and technology services and solutions for Forbes Global 2000 companies in the financial services, healthcare, communications, media, entertainment, travel, manufacturing, and technology industries worldwide. At Virtusa, digital engineering is at the heart of everything we do. We are 27,000 builders, makers, and doers who partner with customers to reimagine enterprises and creatively build solutions to the most pressing business challenges that move them to the forefront of their industries.

Virtusa’s unique Engineering First approach means never presenting an idea we can’t execute. With deep industry expertise and empowered agile teams made up of world-class talent, we think about execution early in the process, because the earlier you think about execution the earlier an idea can have an impact. Solving from the inside out enables businesses to respond swiftly to changing needs with improved quality, lower costs, and lasting results.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact:
Paul Lesinski
Edelman
(971) 226-5299
paul.lesinski@edelman.com

Logo – https://laotiantimes.com/wp-content/uploads/2025/05/virtusa_logo_logo.jpg 

TIER IV Selects PlaxidityX to Provide Cyber Security Expertise for The Japanese Airport Autonomous Bus Project

As an automotive Cyber Security Expert, PlaxidityX partners with TIER IV to align self-driving vehicle software with UN R155 regulatory requirements

TEL AVIV, Israel, May 20, 2025 /PRNewswire/ — PlaxidityX, a trusted expert in automotive cybersecurity today announced that it is providing cyber security consulting services to TIER IV, the pioneering force behind a leading open-source software for autonomous driving.

In June 2024, TIER IV was selected for a government project to develop and deliver low-speed autonomous buses for a field trial for terminal transfers at airport in Japan. A key prerequisite for commencing the Minibus service field trial was providing clear evidence that the autonomous mobility project complies with the UN-R155 regulation and ISO/SAE 21434 standard.

Recognizing the need for specialized cyber security expertise, TIER IV sought to collaborate with an automotive cyber security expert with proven experience in compliance consulting projects. “We chose to work with PlaxidityX based on its extensive experience, reliability and cyber expertise,” said Fumihito Ito, Manager, Cyber Security Team at TIER IV. “The technical proficiency and regulatory knowledge their team demonstrated in the initial pre-assessment gave us the peace of mind to move forward confidently.”

After performing a gap analysis of TIER IV’s current cyber security status vis-à-vis the regulation, PlaxidityX created a customized package of services designed to address the identified gaps. This package includes developing a cyber security plan, ongoing cyber security activities (e.g., vulnerability monitoring, incident response), Cyber security Interface Agreements (CIAs), test plans, TARA (Threat Analysis and Risk Assessment) support, and assistance in creating the cyber security case and validation reports. 

PlaxidityX’s team completed this project over a three-month period, and all deliverables were submitted to TIER IV to support their preparations for review from the airport authorities. The project was conducted primarily by PlaxidityX’s local cyber experts in Japan, which ensured quick response to TIER IV requests, smooth communications, and timely delivery of work materials.

Following the success of this initial engagement, TIER IV has also contracted PlaxidityX to assist in the implementation of a Cyber Security Management System (CSMS).

“We are honored to have been selected by TIER IV for this autonomous mobility project,” said Tomoyuki Goto, Country Manager Japan at PlaxidityX. “Compliance with cyber security regulations and standards is now a critical business requirement. With the completion of our joint cyber security activities and the ongoing CSMS project, TIER IV can be confident that its autonomous vehicles are developed in accordance with the highest cyber security standards.”

About TIER IV

TIER IV  stands at the forefront of deep tech innovation, pioneering Autoware, the world’s first open-source software for autonomous driving. Harnessing Autoware, we build scalable platforms and deliver comprehensive solutions across software development, vehicle manufacturing, and service operations. As a founding member of the Autoware Foundation, we are committed to reshaping the future of intelligent vehicles with open-source software, enabling individuals and organizations to thrive in the evolving field of autonomous driving.

About PlaxidityX

PlaxidityX (formerly named Argus Cyber Security Ltd.) is a global leader in mobility cyber security, providing DevSecOps, vehicle protection and fleet protection technologies and services for automotive and mobility manufacturers. PlaxidityX’s solutions ensure that vehicle components, networks, and fleets are secured and compliant throughout their life cycle.

PlaxidityX’s innovative methods and solutions are based on decades of cyber security and automotive research and have culminated in over 80 granted and pending patents. Founded in 2014, PlaxidityX is headquartered in Israel, with a global footprint in USA, Germany, France, Japan, Korea, Poland and India.

Contact:

Rachel Pekin                                                            
Vice President Marketing     
E-Mail: rachel.pekin@plaxidityx.com