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HUHUTECH International Group Inc. Announces First Half of Fiscal Year 2025 Financial Results

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Advertorial Desk
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WUXI, China, Sept. 20, 2025 /PRNewswire/ — HUHUTECH International Group Inc. (Nasdaq: HUHU) (the “Company” or “HUHUTECH”), a professional provider of factory facility management and monitoring systems, today announced its unaudited financial results for the first half of fiscal year 2025 ended June 30, 2025.

Mr. Yujun Xiao, Chief Executive Officer of HUHUTECH, commented, “We are pleased to report a 10.9% increase in total revenue for the first half of fiscal year 2025, reaching $9.8 million. This growth is primarily driven by our strategic expansion into the Japanese market, where we have significantly increased our client base and project volume. Our Japanese subsidiary has completed 155 projects and contributed 60.9% of our total revenue in the first half of fiscal year 2025, a significant increase from 54 projects and 47.6% of total revenue in the same period last year. Excluding the impact of increased share-based compensation, our underlying business performance remained stable, and we are confident that our equity incentive plan is a long-term investment in our people that will enhance our ability to attract and retain talent, aligning our team’s commitment with the interests of our shareholders.”

Mr. Xiao continued, “In line with our global growth strategy, we have established a subsidiary in the United States and acquired our German subsidiary, extending our reach into two of the world’s most dynamic semiconductor markets. By providing comprehensive and localized system integration solutions, we are well positioned to empower the development of infrastructure for local semiconductor manufacturing clusters. Looking ahead, we will continue to invest in our international operations and expand our capabilities to serve an increasingly global customer base. We remain confident in our strategic direction and are committed to delivering growing long-term value to our shareholders.”

First Half of Fiscal Year 2025 Financial Summary

  • Total revenue was $9.8 million for the first half of fiscal year 2025, an increase of 10.9% from $8.9 million for the same period of last year.
  • Gross profit was $3.1 million for the first half of fiscal year 2025, compared to $3.2 million for the same period of last year.
  • Gross margin was 32.0% for the first half of fiscal year 2025, compared to 35.6% for the same period of last year.
  • Net loss was $8.7 million for the first half of fiscal year 2025, compared to net income of $0.8 million for the same period of last year.
  • Basic and diluted loss per share were $0.38 for the first half of fiscal year 2025, compared to basic and diluted earnings per share of $0.04 for the same period of last year.

First Half of Fiscal Year 2025 Financial Results

Revenues

Total revenue was $9.8 million for the first half of fiscal year 2025, an increase of 10.9% from $8.9 million for the same period of last year. The overall increase in total revenue was primarily attributable to a $0.7 million increase in revenue from system integration projects and a $0.4 million increase in revenue from product sales.

  • Revenue from system integration projects was $9.4 million for the first half of fiscal year 2025, an increase of 8.5% from $8.7 million for the same period of last year. The increase was due to the expansion of the Company’s business in the Japanese market for the first half of fiscal year 2025.  
  • The Company did not generate revenue from engineering consulting services for the first half of fiscal year 2025. Revenue from engineering consulting services was $0.2 million for the same period of last year. The decrease was mainly due to a shift of focus on system integration projects for first half of fiscal year 2025.
  • Revenue from product sales was $0.4 million for the first half of fiscal year 2025, an increase of 1,029.8% from $0.04 million for the same period of last year. The increase of product sales revenue was due to increase in product needs along with system integration projects for the first half of fiscal year 2025.

Cost of Revenues

Cost of revenue was $6.7 million for the first half of fiscal year 2025, an increase of 17.1% from $5.7 million for the same period of last year.

Gross Profit and Gross Margin

Gross profit was $3.1 million for the first half of fiscal year 2025, a decrease of 0.4% from $3.2 million for the same period of last year. Gross profit for system integration projects was $3.1 million for the first half of fiscal year 2025, an increase of 2.7% from $3.0 million for the same period of last year. Gross profit for product sales was $39,864 for the first half of fiscal year 2025, an increase of 296.7% from $10,049 for the same period of last year.

Gross margin was 32.0% for the first half of fiscal year 2025, decreased from 35.6% for the same period of last year.

Operating Expenses

Total operating expenses were $11.8 million for the first half of fiscal year 2025, an increase of 511.5% from $1.9 million for the same period of last year.

  • Selling expenses were $0.9 million for the first half of fiscal year 2025, an increase of 79.9% from $0.5 million for the same period of last year. The increase was mainly due to the operation increased business promotion expenses of HUHU Technology Co., Ltd. (“HUHU Japan”).
  • General and administrative expenses were $10.3 million for the first half of fiscal year 2025, an increase of 1,035.3% from $0.9 million for the same period of last year. The significant increase in G&A expenses was contributed by (i) an approximately $8.8 million increase in share-based compensation; (ii) an approximately $0.2 million increase in salary and compensation; (iii) an approximately $0.2 million increase in other items including lease expenses and office expenses.
  • R&D expenses stayed at $0.5 million for the first half of fiscal year 2025 and 2024.

Net Income (Loss)

Net loss was $8.7 million for the first half of fiscal year 2025, compared to net income of $0.8 million for the same period of last year.

Basic and Diluted Earnings (Loss) per Share

Basic and diluted loss per share were $0.38 for the first half of fiscal year 2025, compared to basic and diluted earnings per share of $0.04 for the same period of last year.

Financial Condition

As of June 30, 2025, the Company had cash of $3.0 million, compared to $3.1 million as of December 31, 2024.

Net cash used in operating activities for the first half of fiscal year 2025 was $0.5 million, compared to net cash provided by operating activities of $0.3 million for the same period of last year.

Net cash used in investing activities for the first half of fiscal year 2025 was $0.1 million, compared to $1.6 million for the same period of last year.

Net cash used in financing activities for the first half of fiscal year 2025 was $0.04 million, compared to net cash provided by financing activities of $3.0 million for the same period of last year.

About HUHUTECH International Group Inc.

HUHUTECH International Group Inc. is a professional provider of factory facility management and monitoring systems. Through its subsidiaries in China, Japan, the United States, and Germany, HUHUTECH designs and provides customized high-purity gas and chemical production system and equipment. The Company’s products mainly include high-purity process systems (HPS) and factory management control systems (FMCS), which effectively increase operation efficiency by using standardized module software. The modularity of HUHUTECH’s software solution reduces the errors caused by frequent updates of the program. As a nationally recognized brand, HUHUTECH serves major players in the pan-semiconductor industry. Its products and services are widely used by semi-conductor manufacturers, LED and micro-electronics factories, as well as some pharmaceutical, food and beverage manufacturers. For more information, please visit the Company’s website: ir.huhutech.com.cn.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events 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 “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or other similar expressions in this announcement. 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 Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission (“SEC”).

For more information, please contact:

HUHUTECH International Group Inc.
Investor Relations Department
Email: ir@huhutech.com.cn

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

 

 

 

HUHUTECH INTERNATIONAL GROUP INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

As of 

June 30,

As of

December 31,

2025

2024

(unaudited)

ASSETS

CURRENT ASSETS:

Cash

$

2,978,868

$

3,102,865

Restricted cash

57,151

220,261

Note receivable

6,587

254,092

Accounts receivable, net

11,170,072

9,633,289

Accounts receivable – a related party

950,052

—

Inventories

982,954

1,175,241

Advance to vendors

348,713

150,637

Prepayments and other assets, net

181,046

80,137

TOTAL CURRENT ASSETS

16,675,443

14,616,522

Property, plant and equipment, net

5,016,051

4,978,080

Intangible assets, net

65,793

79,985

Deferred tax assets

526,349

326,087

Right-of-use assets, net

168,375

183,815

TOTAL ASSETS

$

22,452,011

$

20,184,489

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:

Short term bank loans

$

2,861,690

$

5,273,678

Long-term bank loan – current

251,270

—

Loan payable from third-party

500,000

—

Notes payable

190,501

733,996

Accounts payable

5,014,033

4,466,933

Due to a related party

506,115

246,454

Advance from customers

2,028,683

1,403,628

Accrued expenses and other liabilities

1,398,421

732,419

Taxes payable

204,332

356,889

Operating lease liabilities – current

119,579

104,088

TOTAL CURRENT LIABILITIES

13,074,624

13,318,085

Long term bank loans

2,421,807

260,299

Operating lease liabilities – non-current

13,867

80,636

TOTAL LIABILITIES

15,510,298

13,659,020

COMMITMENTS AND CONTINGENCIES (Note 13)

SHAREHOLDERS’ EQUITY:

   Ordinary shares, $0.0000025 par value, 20,000,000,000 shares authorized,
      23,173,413 and 21,173,413 shares issued and outstanding as of June 30, 2025 and
      December 31, 2024, respectively

58

53

Additional paid-in capital

13,495,345

4,695,350

Statutory reserves

343,077

343,077

(Accumulated deficit) retained earnings

(6,704,455)

2,026,786

Accumulated other comprehensive loss

(192,312)

(539,797)

TOTAL SHAREHOLDERS’ EQUITY

6,941,713

6,525,469

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

22,452,011

$

20,184,489

 

 

 

HUHUTECH INTERNATIONAL GROUP INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(unaudited)

For the Six Months

Ended 

June 30,

2025

2024

Revenues – third parties

$

9,337,289

$

8,853,479

Revenues – related party

480,183

—

Total Revenues

9,817,472

8,853,479

Cost of revenues – third parties

6,533,648

5,137,460

Cost of revenues – related party

144,628

565,466

Total cost of revenues

6,678,276

5,702,926

Gross profit

3,139,196

3,150,553

Operating expenses:

Selling expenses

899,367

500,032

General and administrative expenses

10,330,446

909,952

Research and development expenses

520,479

511,674

      Total operating expenses

11,750,292

1,921,658

(Loss) Income from operations

(8,611,096)

1,228,895

Other income (expense):

Interest income

6,736

1,523

Interest expense

(64,246)

(49,185)

Other expense, net

2,051

(100,698)

      Total other expense, net

(55,459)

(148,360)

(Loss) income before income taxes

(8,666,555)

1,080,535

Provision for income taxes

64,686

231,208

Net (loss) income

(8,731,241)

849,327

Comprehensive income (loss)

Foreign currency translation adjustments

347,485

(336,141)

Comprehensive (loss) income

$

(8,383,756)

$

513,186

(Loss) earnings per share

Basic and diluted

$

(0.38)

$

0.04

Weighted average number of shares outstanding

Basic and diluted

23,018,717

20,000,000

 

 

 

HUHUTECH INTERNATIONAL GROUP INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

For the Six Months

Ended

June 30,

2025

2024

Cash flows from operating activities:

Net (loss) income

$

(8,731,241)

$

849,327

        Adjustments to reconcile net income to net cash (used in) provided by operating
activities:

Depreciation and amortization

169,951

223,891

Provision for credit losses

30,265

26,263

Deferred tax benefit

(191,703)

(3,939)

Amortization of operating lease right-of-use assets

73,034

55,659

Share-based compensation

8,800,000

—

Changes in operating assets and liabilities:

Accounts receivable

(1,375,962)

(1,365,703)

Accounts receivable – related party

(938,394)

—

Notes receivable

249,223

(3,881)

Inventories

211,917

(277,321)

Prepayments and other assets

(98,286)

(19,867)

Advance to vendors

(195,164)

(687,971)

Advance to vendors – related party

—

(69,300)

Due from related parties

—

(578,513)

Accounts payable

467,452

48,242

Accrued expenses and other liabilities

645,080

159,134

Advance from customers

591,122

1,710,559

Taxes payable

(157,026)

291,930

Operating leases liabilities

(73,671)

(55,428)

Net cash (used in) provided by operating activities

(523,403)

303,082

Cash flows from investing activities:

Additions to property, plant, and equipment

(93,665)

(1,556,739)

Additions to intangible assets

(5,236)

—

Net cash used in investing activities

(98,901)

(1,556,739)

Cash flows from financing activities:

Repayments to related parties

—

(868,438)

Advances from related parties

261,158

—

Loan from third-party

500,000

—

(Repayments of) proceeds from bank acceptance notes payable, net

(550,559)

427,044

Proceeds from short-term bank loans

5,403,440

4,487,582

Repayment of short-term bank loans

(7,995,277)

(1,663,202)

Proceeds from long-term bank loans

2,412,000

693,001

Repayment of long-term bank loans

(74,088)

—

Payment of offering costs

—

(89,667)

Net cash (used in) provided by financing activities

(43,326)

2,986,320

Effect of exchange rate changes on cash and restricted cash

378,523

(265,228)

Net (decrease) increase in cash and restricted cash

(287,107)

1,467,435

Cash and restricted cash at the beginning of period

3,323,126

2,846,659

Cash and restricted cash at the end of period

$

3,036,019

$

4,314,094

Reconciliation of cash and restricted cash, end of period

Cash

$

2,978,868

$

4,120,178

Restricted cash

57,151

193,916

Cash and restricted cash at the end of period

$

3,036,019

$

4,314,094

Supplemental cash flow disclosures:

Cash paid for income tax

$

1,795

$

97,101

Cash paid for interest

$

40,657

$

36,403

Non-cash investing activities:

Right-of-use assets obtained in exchange for operating lease obligations

$

54,345

$

15,287

 

 

SU Group Holdings Receives Notice of Delisting from Nasdaq Due to Minimum Publicly Held Share Deficiency; Company Appeals Determination

By
Advertorial Desk
-

HONG KONG, Sept. 20, 2025 /PRNewswire/ — SU Group Holdings Limited (Nasdaq: SUGP) (“SU Group” or the “Company”), an integrated security-related engineering services company in Hong Kong, today announced that it received a letter (the “Determination Letter”) on September 17, 2025 from the staff of the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (the “Nasdaq”) notifying it that unless the Company requests an appeal, which it already has, the Company’s securities will be scheduled for delisting from The Nasdaq Capital Market and will be suspended at the opening of business on September 26, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market.  The Company has already appealed Staff’s determination to a hearings panel (the “Panel”). The hearing request stays the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision. The Company’s shares will continue to trade uninterrupted on the Nasdaq Capital Market under the ticker symbol, “SUGP,” until the earlier of the deficiency being rectified or the appeal being heard by the Panel.

As previously reported on Form 6-K, on March 20, 2025, the Company received a written notification letter (the “First Letter”) from Nasdaq, notifying the Company it was not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). On July 31, 2025, the Company effected a reverse stock split in order to cure the deficiency under Nasdaq Listing Rule 5550(a)(2) for continued listing. On July 31, 2025, the Company’s ordinary shares were also redesignated as Class A ordinary shares (the “ordinary shares”), as previously reported on Form 6-K on August 20, 2025.

As a result of the reverse stock split, on August 27, 2025, as previously reported on From 6-K, the Company received a written notification letter (the “Second Letter”) from Nasdaq notifying the Company that it no longer meets the minimum 500,000 publicly held shares requirement for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(4). The Company submitted a compliance plan to Staff on September 15, 2025, detailing the actions the Company intends to take in order to restore compliance with Nasdaq Listing Rule 5550(a)(4) and 5550(a)(2).

As noted above, the Company has already appealed Staff’s determination to a hearings panel. The Company intends to cure the deficiencies as soon as possible and if the hearing is to move forward will provide a plan to regain compliance to the Panel and will present a plan that includes a discussion of the actions that it believes will enable it to regain compliance with Nasdaq Listing Rule 5550(a)(2) and 5550(a)(4). Among other actions, the Company is currently contemplating a secondary offering on a registration statement on Form F-1 which will increase the Company’s publicly held shares amount.

If the Company does not rectify the deficiencies and has to go to a hearing and the Panel disagrees and/or does not grant the Company an extension to comply with Nasdaq Listing Rule 5550(a)(2) and 5550(a)(4) the Company will be subject to being delisted from the Nasdaq. If a delisting occurs, the Company will be faced with a number of material adverse consequences, including limited availability of market quotations for its ordinary shares; limited news and analyst coverage; decreased ability to obtain additional financing or failure to comply with the covenants required by the Company’s borrowing arrangement; limited liquidity for the Company’s shareholders due to thin trading; and a potential loss of confidence by investors, employees and other third parties who do business with the Company.

About SU Group Holdings Limited

SU Group (Nasdaq: SUGP) is an integrated security-related services company that primarily provides security-related engineering services, security guarding and screening services, and related vocational training services in Hong Kong. Through its subsidiaries, SU Group has been providing turnkey services to the existing infrastructure or planned development of its customers through the design, supply, installation, and maintenance of security systems for over two decades. The security systems that SU Group provides services include threat detection systems, traffic and pedestrian control systems, and extra-low voltage systems in private and public sectors, including commercial properties, public facilities, and residential properties in Hong Kong. For more information visit www.sugroup.com.hk. 

Forward-Looking Statements

The Company makes forward-looking statements in this report within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts for future events. These statements may be preceded by, followed by or include the words “may,” “might,” “will,” “will likely result,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or similar expressions. These forward-looking statements are based on information available to the Company as of the date of this report and involve substantial risks and uncertainties. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to a variety of factors, including the Company’s ability to submit a plan to regain compliance satisfactory to Nasdaq and the Panel; the Company’s ability to evidence that it has a minimum of 500,000 publicly held shares and a minimum bid price of at least $1 per share; and other risks and uncertainties set forth in our reports filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update forward-looking statements as a result of new information, future events or developments or otherwise.

 

Huawei Launches Xinghe AI Fabric 2.0, Empowering Enterprises to Create Always-on Data Center Networks with Full Computing Power

By
Advertorial Desk
-

SHANGHAI, Sept. 20, 2025 /PRNewswire/ — At HUAWEI CONNECT 2025’s inaugural Data Center Innovation Summit, themed “Leading AI DC Innovation for an Intelligent Future”, Huawei joined over 600 global industry leaders, experts, and scholars to discuss high‑quality, sustainable data center infrastructure in the AI era. Huawei unveiled Xinghe AI Fabric 2.0—a full upgrade to its AI Fabric launched in 2018—empowering enterprises to create always‑on data center networks with full computing power and accelerating digital-intelligent transformation.

Arthur Wang, President of Data Center Network Domain, Huawei Data Communication Product Line, delivering a keynote
Arthur Wang, President of Data Center Network Domain, Huawei Data Communication Product Line, delivering a keynote

In his keynote, Arthur Wang noted that rapid AI iteration and evolving cloud architectures are driving data center networks to a critical inflection point. Xinghe AI Fabric 2.0, built on a three‑layer architecture comprising AI Brain, AI Connectivity, and AI Network Elements, integrates the AI network agent (NetMaster), StarryWing Digital Map (three‑level automation), Xinghuan training + Xingzhi inference scheduling engine, and Rock‑Solid Architecture.

Xinghe AI Fabric 2.0—Creating Always‑on Data Center Networks with Full Computing Power

  • AI Brain: Uses StarryWing Digital Map and NetMaster for drag‑and‑drop service orchestration and automated deployment, integrated application‑network O&M automation, and end‑to‑end automation across heterogeneous networks and security domains—significantly boosting O&M efficiency.
  • AI Connectivity: Utilizes the network scale load balancing (NSLB) algorithms to increase network throughput to 95% and improve training/inference efficiency by over 10%. iReliable three‑level reliability technology, built on the Rock‑Solid Architecture, delivers 10× higher reliability.
  • AI Network Elements: CloudEngine series general‑purpose computing switches, XH series intelligent computing switches, and StarryLink optical modules enable precise traffic awareness and visualization of packet loss and latency. Intrinsic security and group-based isolation help enhance network security.

Show Floor Highlights—Demonstrating Core Technical Strengths

Huawei’s Data Center Network booth featured dynamic demos and simulations of Xinghe AI Fabric 2.0’s three-layer architecture, showcasing the value of “AI for Fabric & Fabric for AI.” Also displayed: the full 800GE portfolio—including the industry’s highest-density 128×800GE fixed switch XH9330, 64×800GE fixed switch XH9320, complete 800GE StarryLink optical modules—plus the Xinghe liquid-cooled cabinet and the industry’s first all-port liquid-cooled high-density 128×400GE fixed switch XH9230‑LC.

Looking ahead, Huawei will continue open collaboration with partners and customers, advancing research and innovation in data center networking, driving intelligent network upgrades and generational evolution, and creating greater value for industries worldwide.

DREAMCELL®, Engineered by DSC® Sponsors First-Ever Sketchbattle SNKR, the “Fight Club of Design” for Sneaker Creatives

By
Advertorial Desk
-

DSC is Proud to Continue to Support the Next Generation in Footwear Design

PORTLAND, Ore., Sept. 19, 2025 /PRNewswire/ — DSC®, a global leader in high-performance foam innovation and designer of DREAMCELL® and DURAPONTEX® insoles, is proud to sponsor the first-ever Sketchbattle SNKR on September 19, 2025. The live sneaker design competition brings the energy of Detroit’s legendary design battles to the footwear industry for the very first time.

DREAMCELL®, engineered by DSC® sponsors the first-ever Sketchbattle SNKR, known as the “Fight Club of Design” for sneaker creatives on September 19, 2025.
DREAMCELL®, engineered by DSC® sponsors the first-ever Sketchbattle SNKR, known as the “Fight Club of Design” for sneaker creatives on September 19, 2025.

Billed as the “Fight Club of Design,” Sketchbattle is a high-energy competition where student and professional designers from across backgrounds and experience levels go head-to-head in live footwear sketching rounds. Competitors battle the clock in front of a crowd of 600+ designers, creatives, and title sponsors including DSC®, Nike, Jordan, and Converse, among others. With industry judges, live DJs, and a high-energy atmosphere, Sketchbattle SNKR is more than a competition—it’s a real-time disruptive hiring engine where new talent is discovered, recruited, and celebrated.

“DSC® is thrilled to be part of the very first sneaker-focused Sketchbattle,” said Mei-Fen Wei, Chief Operating Officer of DSC®. “Just as DSC pushes the boundaries of insole innovation, Sketchbattle challenges designers to push creative limits in real time. Supporting young designers has always been a priority for us, and we’re proud to stand alongside this movement that gives them a stage, access, and a career pathway.”

Founded by designer and educator Brook Banham, Sketchbattle was created to celebrate Detroit’s rich history in automotive design. Now, with the debut of Sketchbattle SNKR, the platform expands to a sneaker face off— bringing cultural and industry connections across the global footwear community, to come together to create and engage in a dynamic, friendly rivalry.

“This is a dream years in the making,” said Brook, founder of Sketchbattle. “We’ve seen Sketchbattle change lives in automotive design—talent discovered on this stage goes on to work at the biggest brands in the world. To now bring that same platform to sneakers, with the support of leaders like DREAMCELL®, Engineered by DSC®, opens up incredible opportunities for the next generation of designers.”

DSC’s sponsorship of Sketchbattle SNKR builds on its ongoing commitment to supporting the next generation in nurturing design talent and access. The company first connected with Brook through his role as a professor at the College for Creative Studies (CCS), where DSC® has sponsored a design sprint program for the past several years in support of young designers in both the industry and the community.

This year’s event will feature three awards: Sketchbattle Champion, People’s Choice, and the Darby Jean Award. Named in honor of Sketchbattle’s first female Sketchbattle Champion in 2015, the Darby Jean Award shines a spotlight on women designers underrepresented in the industry, by recognizing and celebrating their talent and contributions.

Sketchbattle SNKR hopes to expand to key sneaker cities like Portland, Boston, and Los Angeles. The inaugural Detroit event marks the beginning of a new chapter where sneaker design takes center stage, and DSC® is proud to help lead the charge.

About DSC
For 80 years since its founding in 1945, Dahsheng Company (DSC®) has been a leader in foam innovation for the sports industries. Known for its premium comfort and performance foam DREAMCELL® and DURAPONTEX®, DSC® partners with top brands and footwear manufacturers worldwide. By advancing innovation and pushing the limits of foam manufacturing, DSC® is dedicated to creating eco-friendly and advanced foam solutions that set new standards in the industry.

Visit www.dahsheng.com to learn more about DSC® and its commitment to sustainability and eco-innovation.

About Sketchbattle
Known as the “Fight Club of Design”, Sketchbattle is a live design competition that brings together students, professionals, and industry leaders for high-energy battles where creativity meets opportunity. Founded in Detroit, Sketchbattle has become a disruptive platform for discovering and hiring design talent, transforming the way the industry connects with the next generation of creatives. Visit www.sketchbattles.com for more information.

Media Contact:
Erin Patterson
t: +1-323-422-0274
e: erin.patterson@writetheskycomms.com

 

Pimax unveils new VR headsets offering the widest field of view for Micro-OLED

By
Advertorial Desk
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WILMINGTON, Del., Sept. 20, 2025 /PRNewswire/ — Pimax today shared a major update on its Micro-OLED product line: the Dream Air SE, Dream Air, and Crystal Super Micro-OLED. First revealed earlier this year, these headsets are now approaching launch with finalized specs, enhanced features, and confirmed availability. Together, they showcase Pimax’s ability to bring Micro-OLED displays and pancake optics into VR headsets that break industry conventions.

Pimax Dream Air & Crystal Super Micro-OLED
Pimax Dream Air & Crystal Super Micro-OLED

Breakthrough in Micro-OLED VR

Micro-OLED promises ultra-high pixel density, deep blacks, and near-infinite contrast, but faces challenges in heat management, optics, and high-resolution scaling. Pimax solved these with its proprietary ConcaveView pancake optics, making it the first VR brand to deliver Micro-OLED headsets at scale, not just prototypes.

Product Lineup

  • Dream Air SE – A lightweight (under 140 g) all-in-one 5K headset with 2560 × 2560 resolution per eye, Tobii eye-tracking, dynamic foveated rendering, 6DOF SLAM tracking, and spatial audio. At $899, it makes Micro-OLED VR accessible to gamers and creators.
  • Dream Air – The world’s smallest full-feature 8K VR headset, offering 3840 × 3552 resolution per eye (27+ million pixels combined). At under 170 g, it delivers a 110° horizontal and 120°+ diagonal FOV with optimized stereo overlap, balancing portability with uncompromising image quality.
  • Crystal Super Micro-OLED – Pimax’s flagship, featuring 116° horizontal and 128°+ diagonal FOV, the widest ever on Micro-OLED VR. As part of the modular Crystal ecosystem, it supports interchangeable optical engines (Ultrawide, 57 PPD clarity, and Micro-OLED), ideal for enthusiasts and professional sim users.

Availability

Pre-orders for all three headsets are open now, with shipments beginning later this year. Early adopters will receive exclusive accessories such as prescription lens frames and a free copy of Le Mans Ultimate. All models are supported by the Pimax Prime program, ensuring service and ongoing software updates. We’re also offering a limited batch of prototype micro-OLED optical engines to loan exclusively to our earliest Crystal Super supporters.

Redefining the Future of VR

With the launch of Dream Air SE, Dream Air, and Crystal Super Micro-OLED, Pimax becomes the only brand offering a full lineup of Micro-OLED + pancake lens VR headsets. This milestone proves Micro-OLED VR is no longer just a concept—it’s real, refined, and ready for users worldwide.

Huawei Unveils Xinghe AI Campus Full-Scope Security Solution, Pioneering a New Paradigm for Campus Protection in the AI Era

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SHANGHAI, Sept. 19, 2025 /PRNewswire/ — During HUAWEI CONNECT 2025, Huawei unveiled its Xinghe AI Campus Full-Scope Security Solution—an innovative offering that harnesses AI technologies to extend security protection from the digital world to the physical world, enabling campus-wide comprehensive protection.

Today’s campus networks have evolved beyond traditional connectivity to become platforms that connect and sense everything. To meet the growing security demands, they must continuously strengthen internal defense to safeguard the digital world, while also sensing people, things, and environments to address security challenges in the physical world.

Shawn Zhao, President of the Campus Network Domain at Huawei's Data Communication Product Line, giving a speech
Shawn Zhao, President of the Campus Network Domain at Huawei’s Data Communication Product Line, giving a speech

Shawn Zhao stated, “To tackle security risks on campus networks, Huawei has launched the Xinghe AI Campus Full-Scope Security Solution. With asset security, transmission security, spatial security, and privacy security, the solution redefines protection across digital and physical worlds.”

  • Asset security: Huawei’s AI-powered endpoint clustering and comprehensive fingerprint database enable 100% identification of endpoint assets. AI-powered traffic feature detection can identify abnormal endpoint behavior within 30 seconds and automatically control it in just 1 second, enabling full enterprise asset visibility and control.
  • Transmission security: Huawei’s unique Wi-Fi Shield technology addresses Wi-Fi security concerns by leveraging AI-based signal scrambling to eliminate the risk of data eavesdropping at the physical layer. Beyond this, end-to-end MACsec encryption and post-quantum cryptographic (PQC) algorithms secure the wired side. Over 100 government and financial institutions worldwide have adopted these capabilities to maximally secure their wired and wireless networks.
  • Spatial security: In many privacy-sensitive areas without cameras, Huawei’s wireless access point (AP) leverages channel state information (CSI) sensing and AI algorithms to detect centimeter-level micro-motions, accurately detecting human presence within a space. This approach detects intrusions 24/7 without compromising privacy.
  • Privacy security: With built-in AI feature matching algorithms, Huawei’s first spycam-detecting AP can combat hidden cameras. It can accurately identify 110 camera models across 62 global brands. In this way, hidden cameras operating via Wi-Fi, cellular networks, or local SD storage can be detected and alerted in real time.

Securing campus networks is no longer optional—it’s essential. Huawei remains committed to continuous innovation, empowering intelligent networks and redefining campus security in the AI era.

Policy Address by Hong Kong SAR’s Chief Executive John Lee: Expediting the Northern Metropolis development to expand capacity for growth, innovation and talent

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HONG KONG SAR – Media OutReach Newswire – 19 September 2025 – Speeding up the large-scale Northern Metropolis development was a central theme of the 2025 Policy Address announced by Hong Kong’s Chief Executive, John Lee, on September 17, including measures to reduce construction costs and time, promote market participation, encourage enterprises to set up and invest in the area, and reduce the cost of land premiums by adopting a “pay for what you build” approach.

“The Northern Metropolis is the new engine for Hong Kong’s economic development and holds immense potential,” Mr Lee said.

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To fast-track development and raise the level of decision‑making, the Chief Executive said he would establish the Committee on Development of the Northern Metropolis under his leadership.

“The committee will be tasked with streamlining administrative workflows and removing unnecessary barriers and restrictions,” Mr Lee said. Under the committee, three working groups will be set up:

– Working Group on Devising Development and Operation Models to formulate development and operation models for industry parks and devise a range of financing schemes
– Working Group on Planning and Construction of the University Town to study the development mode for the Northern Metropolis University Town
– Working Group on Planning and Development responsible for managing the end‑to‑end process from planning to implementation.

“We very much look forward to public-private partnerships,” said the Financial Secretary, Paul Chan, who will lead the Working Group on Devising Development and Operation Models. “I would say it would be an evolving process depending on the market interest as well as our implementation timetable.”

Dedicated legislation will be introduced to empower the Government to devise simplified statutory procedures for accelerating the development of the Northern Metropolis.

Within the Northern Metropolis, the San Tin Technopole, spanning some 210 hectares of land for innovation and technology (I&T), will serve as a strategic base for the I&T industry.

The Chief Executive said the Government will publish the Conceptual Outline of the Development Plan for the I&T Industry in the San Tin Technopole this year. It will cover top‑level planning, industry positioning and layout, the co‑ordinated development of land parcels, and the strategies for channelling market resources to invest in the development.

With the Northern Metropolis bordering the Chinese Mainland, it also fosters cross-boundary collaboration within the Hetao Shenzhen‑Hong Kong Science and Technology Innovation Co‑operation Zone, comprising Shenzhen Park and Hong Kong Park. “Leveraging the advantages of “one zone, two parks”, the Co‑operation Zone will promote collaboration between the two parks in the development of I&T,” Mr Lee said.

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The Policy Address also outlined plans to build an international education hub by promoting the integrated development of education, technology and talents as a foundational and strategic pillar for progress in the new era.

“We will accelerate construction of the Northern Metropolis University Town, promote the ‘Study in Hong Kong’ brand, develop universities of applied sciences (UASs), and propel our city towards becoming an international hub for post‑secondary education and high‑calibre talents,” Mr Lee said.

With a distinctive competitive edge in post‑secondary education, Hong Kong is the only city worldwide that hosts five universities ranked among the world’s top 100. Universities in Hong Kong are highly popular, with a double‑digit year‑on‑year increase in the number of self‑financing non‑local applicants. As such, the Chief Executive announced that the number of non‑funded places for non‑local students to study in funded post-secondary institutions in Hong Kong on a self‑financing basis will be permitted to increase from the level currently equivalent to 40% of local student places to 50%. The Government will also earmark new sites (zoned as commercial or otherwise) this year for building new hostels, and will invite the market to submit expressions of interest.

The Secretary for Education, Dr Choi Yuk-lin, said in a press conference today (September 19) that the adjustment in enrolment ceiling for self-financing non-local students supports post-secondary institutions in expanding their scale, enhancing quality, fostering a more international and diverse campus environment, thereby further developing Hong Kong into an international hub for post-secondary education.

Furthermore, the Education Bureau will establish the Task Force on Study in Hong Kong, to step up the promotion of higher education in Hong Kong.

The Government will also forge ahead with building a competitive low‑altitude economy ecosystem, to propel Hong Kong as an Asia‑Pacific hub for innovative low‑altitude applications.

“We will formulate the Action Plan on Developing Low‑altitude Economy to advance Hong Kong as a major hub for low‑altitude applications through institutional innovations and technological breakthroughs,” Mr Lee said.

The Government will regularise the operation of more mature application scenarios, and roll out the advanced low‑altitude economy “Regulatory Sandbox X” pilot projects to cover application scenarios that are technically more complex, such as cross‑boundary routes and passenger‑carrying, low‑altitude aircraft.

“We will also promote the development of new industrialisation, press ahead with the low‑altitude economy, support people‑oriented scientific research, and facilitate leading I&T enterprises to establish a presence in our city,” Mr Lee added.

Hashtag: #hongkong #brandhongkong #policyaddress #growth #innovation #talent





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

ISX Financial Announces New Sponsorship of APOEL FC Through 2025-2027 Seasons

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NICOSIA, Cyprus, Sept. 19, 2025 /PRNewswire/ — ISX Financial EU Plc (ISXX), a regulated Electronic Money Institution provider of transactional banking and real-time payments technology across Europe and the UK, today announced the renewal of its sponsorship agreement with APOEL FC, extending the partnership for both 2025-2026 and the 2026–2027 seasons.

The extension builds on a collaboration that began in 2023, reflecting a common commitment to ambition, discipline, and teamwork as guiding principles for both organisations. APOEL FC is the most successful football team in The Republic of Cyprus, with an overall result of 29 national championships, 21 Cypriot Cups, and 15 Cypriot Super Cups, as well as an impressive run to the UEFA Champions League Quarter Finals in 2011–2012. ISX is proud to align itself with organisations that lead their respective fields, setting standards of excellence and inspiring others to achieve at the highest level.

Nikogiannis Karantzis, Chief Executive Officer of ISXX, said:
“The extension of our sponsorship with APOEL FC reflects our commitment to supporting organisations that embody excellence and resilience. Football is more than a sport; it connects people, inspires achievement, and reinforces community spirit. These values are aligned with ISX’s ‘Dream Big’ vision, and we are proud to stand alongside APOEL, as they pursue success on and off the field.”

Prodromos Petrides, President of APOEL Football (Public) Ltd, added:
“We are pleased to renew our partnership with ISX Financial, a successful financial institution that has consistently demonstrated support for APOEL, our players and our supporters. This agreement strengthens our capacity to continue to compete at the highest level, while reinforcing the importance of long-term partnerships with companies that support our mission.”

With more than 140 employees based in Cyprus, ISXX is firmly rooted in the local market, contributing both to the economy and the community it serves. Through its “Dream Big” initiative, ISXX continues to invest in sports and youth development, supporting projects that inspire future generations across the island.

About ISX Financial EU Plc 
Headquartered in Nicosia, ISX Financial EU Plc (ISXX, LEI: 213800NGHVYL5PFZI692) is a leading banktech company EEA authorised as an Electronic Money Institution by the Central Bank of Cyprus and regulated in the UK by the Financial Conduct Authority. The company develops and operates a proprietary payments ecosystem, offering multi-currency accounts, open banking solutions, FX, remittance, and payment processing. ISXX combines financial strength, regulatory resilience, and innovation to deliver value to businesses and communities across Europe and beyond. 
Nikogiannis (Nickolas John) Karantzis has more than 30 years broad industry experience, 20 years of which are in secure digital enterprises, including telecommunications, IPTV, payments and electronic money. Mr Karantzis holds degrees in Engineering, Law and Business Enterprise, and is a registered Trans Tasman IP Attorney, a Fellow of Engineers Australia and a multi state registered disputes Adjudicator.

Website: www.isx.financial 

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