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TGE-Sponsored SPAC Files Registration Statement with SEC for Initial Public Offering

PARIS and NEW YORK, Aug. 19, 2025 /PRNewswire/ — The Generation Essentials Group (NYSE: TGE) (the “Company” or “TGE”), a global media and entertainment ecosystem covering high fashion, arts, lifestyle, cultural, entertainment as well as F&B, announces that as a first step to implement its previously announced business expansion and acquisition strategy, the special purpose acquisition company (“SPAC”) sponsored by the Company, TGE Value Creative Solutions Corp, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) for a proposed initial public offering of units. TGE Value Creative Solutions Corp intends to list its units, each consisting of one Class A ordinary shares and one-half of one redeemable warrant, on The Nasdaq Stock Market LLC.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the size, price or other terms of the offering.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties.

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter”) at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of TGE, AMTD IDEA Group and/or AMTD Digital, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of TGE, AMTD IDEA Group and AMTD Digital with the SEC. All information provided in this press release is as of the date of this press release, and none of TGE, AMTD IDEA Group and AMTD Digital undertakes any obligation to update any forward-looking statement, except as required under applicable law.

LabConnect Launches LabConnector™ to Streamline Lab Data Integration

New service ensures faster, more accurate data delivery to clients

JOHNSON CITY, Tenn., Aug. 19, 2025 /PRNewswire/ — LabConnect, LLC, a global leader in central laboratory services for clinical trials, today announced the launch of LabConnector™, a powerful new technology solution that transforms the way laboratory data is exchanged and managed for clinical trials. LabConnector standardizes diverse laboratory data into a single HL7 format, enabling true bidirectional data transfer across any participating laboratory.

LabConnector is purpose-built for IT teams and data analysts at sponsor organizations who need streamlined, secure, and accurate laboratory data for ongoing clinical trials. With seamless integration to any LabConnect partner, it delivers unmatched flexibility for clinical operations and data management.

With LabConnector, sponsors and their partners can receive laboratory results into their Laboratory Information Management System (LIMS) faster than ever before. Whether pulling test results, creating orders with attached results, or processing cancellations, LabConnector elevates data quality, accelerates processing times, and reduces dependence on intermediary systems.

“LabConnector represents a major step forward in how we integrate with our laboratory partners,” said Charles Castano, Chief Technology Officer of LabConnect. “By bringing every lab into one unified data environment, we’re giving sponsors the speed, accuracy, and flexibility they need to make faster decisions and ultimately bring life-changing therapies to patients sooner.”

LabConnector launches at a pivotal moment as clinical research undergoes rapid digital transformation. More sponsors are adopting unified standards like HL7 to boost interoperability, shorten study timelines, and improve data quality. This shift is being accelerated by evolving regulations and the growing demand for real-time, reliable clinical data to support faster, more flexible decision-making.

Key capabilities of LabConnector include:

  • Standardization: Converts disparate laboratory data into a unified HL7 format for consistency and accuracy
  • Bidirectional Exchange: Supports both sending orders to laboratories and receiving results back into LIMS
  • Operational Flexibility: Allows sponsors to work with any laboratory without worrying about integration complexity
  • Faster Turnaround: Delivers data to LIMS quickly, enabling real-time monitoring and decision-making during clinical studies
  • Enhanced Data Quality: Reduces data discrepancies and improves reliability for study analyses

For more information on LabConnector and how it can improve your clinical trial data workflows, visit LabConnect at www.labconnect.com.

About LabConnect
LabConnect, LLC is the leading provider of Central Laboratory Services, FSP and Scientific Consulting, and Data Integration and Transformation Services for analytically and logistically complex studies such as immuno-oncology, cell and gene therapies, and rare & orphan diseases.

LabConnect’s unique combination of state-of-the-art technology, world-class laboratories, easy access to major and emerging markets, and extensive specialized testing expertise means that drug development companies can rely on one provider for all their central laboratory service needs.

Learn more at www.labconnect.com and follow on LinkedIn.

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ZK International Wins $3.88 Million Bid for China Gas Stainless Steel Pipe Project, Ushering in New Era of Healthy Drinking Water

WENZHOU, China, Aug. 19, 2025 /PRNewswire/ — ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZK International” or the “Company”), a leading engineering Company focused on high-performance steel products, is pleased to announce that Zhejiang Zhenkang Industrial Co., Ltd. (“Zhenkang Industrial”), a subsidiary of the Company, secured the bid for the centralized procurement project of thin-walled stainless steel pipes from Yipinhui Smart Living Technology Co., Ltd., a subsidiary of China Gas, with a contract value of RMB 27.54 million (approximately USD $3.88 Million). This achievement stems from the company’s industry-leading technical capabilities and exceptional product quality. The procured 304-grade thin-walled stainless steel pipes and fittings, totaling over 1.43 million meters, will be extensively deployed in public health drinking water projects such as direct drinking water systems, providing robust safeguards for residents’ healthy and safe water consumption. 

As a benchmark enterprise in China’s new-era piping industry, Zhenkang Industrial not only plays a pivotal role in drafting national standards for direct drinking water pipelines and smart water management infrastructure but also consistently implements its development philosophy of “Health, Safety, and Environmental Protection.” This collaboration signifies high recognition of the company’s comprehensive strengths while further consolidating its leadership in the premium stainless steel piping sector. Moving forward, Zhenkang Industrial will continue leveraging innovation as its engine to accelerate advancements in the healthy direct-drinking water pipeline industry, driving progress toward eco-friendly and intelligent solutions, thereby making greater contributions to enhancing public welfare and building a beautiful world. 

About ZK International Group Co., Ltd.:

ZK International Group Co., Ltd. is a China-based engineering company building and investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards.

ZKIN’s core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high quality, highly-sustainable and environmentally sound drinkable water to the Chinese, Asia and European markets.  ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee. It has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the “Water Cube” and “Bird’s Nest”, which were venues for the 2008 Beijing Olympics. ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International.  Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized.  In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Hefei high-tech zone witnesses thriving ecology, innovation

BEIJING, Aug. 19, 2025 /PRNewswire/ — A news from China.org.cn:

As dusk falls, lights illuminate the National Quantum Laboratory along Shuxi Lake’s southern shore, while neighboring commercial complexes glow against the twilight. Researchers jog by the water or debate ideas in cafés. This daily tableau of “people-city-industry” integration epitomizes life in the Hefei National High-tech Industry Development Zone’s “One Mountain, Two Lakes” area.

Hefei National High-tech Industry Development Zone is located in Hefei, capital city of East China's Anhui province.
Hefei National High-tech Industry Development Zone is located in Hefei, capital city of East China’s Anhui province.

Ecological environment: from “green lung” to growth engine

Centered on Dashu Mountain, Shuxi Lake, and Baiyan Lake, the zone forms the core area of high-quality development. With over 95% forest coverage, Dashu Mountain functions as the zone’s “ecological lung,” conserving more than 10 million cubic meters of water annually. 

Shuxi Lake hosts national strategic assets such as the Quantum Lab and Institute of Advanced Technology of the University of Science and Technology of China, surrounded by over 700 high-tech enterprises within a 3-kilometer radius, with 25 firms per square kilometer. Baiyan Lake anchors a soil-water conservation theme park, encircled by premium housing, commerce, and education hubs forging modern ecosystems for living and working.

Innovation highland: global talent convergence

Leveraging this natural advantage, the zone is expanding human-centric development.

In urban development, the zone is implementing systematic improvements across ecology, transportation, education, healthcare, and governance, aligning with the goal of building an innovative, livable, beautiful, resilient, culturally vibrant, and smart modern district. 

Today, premium educational resources span all six areas, prestigious institutions have taken root, medical facilities have been upgraded, and smart lakeside running tracks embody human-centric design, improving living conditions across the board.

Now, around the “One Mountain, Two Lakes,” quantum computing teams are pushing boundaries in core technologies. Grand Union of Innovation incubator gives birth to a tech company every three days. China Speech Valley registers new AI patent filings daily. Scenes of academics and CEOs brainstorming tech commercialization in lakeside cafés now symbolize its vibrant pulse.

Future blueprint: a global model of integrated living

Pursuing a “world-class high-tech zone” status, the zone accelerates the “One Mountain, Two Lakes” vision. At the Zhong’anChuanggu Technology Park, young talents gather at workspaces offering free accommodation and entrepreneurship consultation, chasing dreams amid a beautiful landscapes and supportive business environment.

The Hefei National High-tech Industry Development Zone is leveraging its “One Mountain, Two Lakes” ecological asset as a competitive edge to create a thriving hub for science, industry and a dream place to live.

Hefei high-tech zone witnesses thriving ecology, innovation
http://www.china.org.cn/hefeihightech/2025-08/14/content_118027351.html 

Public Key Infrastructure Market Set for $14.9 Billion Surge as Cryptoagility and Device Identity Needs Accelerate

NEW YORK, Aug. 19, 2025 /PRNewswire/ — As enterprise systems grow more complex due to interconnected assets, the proliferation of device and nonhuman identities, and widespread adoption of cloud, hybrid, and multicloud strategies, organizations across industries are turning to Public Key Infrastructure (PKI) to secure their systems and assets. ABI Research, a global technology intelligence firm, forecasts PKI revenue to reach $14.9 billion by 2030, driven primarily by this growing complexity in enterprise systems as well as shorter certificate lifecycles and the looming prospect of quantum computing.

“PKI sits under the hood of various cryptographic services, serving as an effective and scalable solution for securing identities, user and device authentication, and both intra and intercommunication across enterprise systems,” said Aisling Dawson, Industry Analyst. “Its role across industry markets is expected to surge, with revenue tripling over the next five years as regulatory and compliance requirements tighten in preparation for cryptographically relevant quantum computers.”

While North America is forecast to continue leading in PKI revenue, rapid digitalization in the Asia-Pacific will expedite PKI market growth and close the regional gap. Regional idiosyncrasies continue to drive differences in PKI revenue trends, accentuating the need for vendors to develop vertical- and region-specific PKI strategies and rollout plans. In particular, data residency and sovereignty regimes are expected to bolster demand for hardware-based offerings in Europe, while Latin America presents strong revenue opportunities for national and government PKI solutions, specifically in the realm of digital and electronic identification.

Growing reliance on IoT and other connected devices on a global scale positions device security and authentication for the most dynamic growth across PKI application segments, while enterprise and web PKI are set for steady growth as the decade wraps up.

“Rising appetite for investment in solutions that support increased cryptoagility, such as PKI, will only persist as the threat of quantum computing advances,” said Dawson. “While acknowledging the significant influence of external stimuli such as the threat of quantum computing is key to understanding and capitalizing on the rapidly growing PKI market, cognizance of internal influences on the PKI ecosystem remains acutely important. This includes the growing convergence between PKI and certificate lifecycle management (CLM) offerings as the impact of the CA/B Forum’s certificate lifecycle changes continue to reverberate across the PKI ecosystem. Ongoing market diversification means pluggability, flexibility, and interoperability must be center stage in vendors’ PKI services and solutions.”

These findings are from ABI Research’s Public Key Infrastructure Market Data report. This report is part of the company’s Quantum Safe Technologies research service, which includes research, data, and ABI Insights. 

About ABI Research

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

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

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

Contact Info:

Global                                                             
Jason Scheer
Tel: +1.516.624.2558                                                   
pr@abiresearch.com

Mint Announces $150 Million Investment Commitment and Initial Exchange Offering

BETHESDA, Md., Aug. 19, 2025 /PRNewswire/ — Green Minting Technologies, Corp. (“Mint”), announced today the strategic investment commitment of up to $150 Million USD with GEM Digital Limited through a token subscription agreement to develop a state-of-the-art, 600-Megawatt, off-grid, renewable energy, Bitcoin mining and AI datacenter project.  The partnership is set to accelerate Mint’s mission of bringing renewably-powered cloud computing to the masses through its $MINT token, which enables tokenholders to buy compute power by the hash in order to leverage low-cost, renewable energy to power applications like Bitcoin mining on Application-Specific Integrated Circuits (“ASICs”) or training Artificial Intelligence (“AI”) on Graphics Processing Units (“GPUs”).  

As part of the $150 Million USD investment commitment, Mint will be listing its $MINT tokens on a number of the leading centralized exchanges in its Initial Exchange Offering (“IEO”), where it is targeting to raise $400 Million USD.  

“Mint is re-democratizing the Bitcoin mining landscape by fractionalizing the energy and computing infrastructure into $MINT Tokens.  In the beginning, Bitcoin mining was truly distributed across individual users. As Bitcoin mining infrastructure becomes increasingly expensive, individual users can’t compete, particularly at today’s retail energy prices.  Through this partnership with GEM, we can deploy our $MINT Tokens to enable individual users to gain the benefit of renewable, scaled operations – without the upfront costs associated with developing utility-scale energy generation and datacenter infrastructure. Bitcoin mining can now be powered by the masses once again, thanks to the $MINT Token,” said Alex Wey, CEO and co-founder.

As part of the 600-Megawatt project, Mint will dedicate a portion of the infrastructure to developing a Tier III/IV datacenter to host GPUs and power AI tools, alongside its core Bitcoin Mining operations. 

To learn more about $MINT, the project, and about how to participate in this Initial Exchange Offering and its Presale, visit the $MINT website https://www.green-mint.com/.

About GEM Digital Limited
Based in the Bahamas, GEM Digital Limited is an asset investment firm focused on utility tokens. Its parent company, Global Emerging Markets (“GEM”), is a $3.4 Billion alternative investment group with offices in Paris, New York, and the Bahamas, spanning asset classes like Small-Mid Cap Buyouts, Private Investments in Public Equities (PIPEs), and select venture investments.

About Mint 

Green Minting Technologies, Corp. (“Mint”), a Delaware corporation, is a renewable energy developer focused on deploying wind and solar power generation to enable its own on-site, off-grid cloud computing infrastructure that powers applications such as bitcoin mining, AI / ML, and HPC.  By deploying its own energy generation infrastructure off-grid, Mint moves some of the most energy-intensive commercial applications away from the residential grid, while simultaneously developing future-proof, carbon-neutral cloud infrastructure for a sustainable cloud computing future. 

Press Inquiries:

press@green-mint.com

(202) 573-9286

 

North Texas Innovation Alliance And Partners Announce Second Annual SCEWC Smart Cities Global Startup Challenge

2025 Pitching Challenge Encourages International Innovation and Economic Development

DALLAS, Aug. 19, 2025 /PRNewswire/ — North Texas Innovation Alliance (NTXIA), a 501(c)3 regional consortium of over 50 municipalities, agencies, corporations, and academic institutions across North Texas working to create the most connected, smart, and resilient region in the country, has announced the Smart Cities Global Startup Challenge is returning for the second year at the 2025 Smart City Expo World Congress (SCEWC) in Barcelona alongside Texas cities Frisco and McKinney, Plug and Play, and Curiosity Lab at Peachtree Corners, a 5G-enabled innovation hub where startups and global industry leaders deploy and prove out developing technologies in a real-world testing environment. The 2025 North Texas delegation will also include AMSYS Innovative Solutions, Utsun Law Group, and Toyota Mobility Foundation.

Similar to the 2024 event, this year’s pitch competition will select five startups to compete to win piloting and funding opportunities in the United States. Submissions for the pitch competition open today, August 19, on Marketplace.city and will close on September 10, 2025.

“It was truly incredible to see the international response and excitement during last year’s SCEWC Smart Cities Global Startup Challenge,” said NTXIA Executive Director Jennifer Sanders. “We knew we needed to hold this pitch competition again, especially after seeing the success of last year’s winner, VisionCraft.ai, as they traveled across the U.S. in pursuit of deploying their solution. This annual competition is a reminder and a strong example of the importance of supporting international innovation and economic development. We are honored to have an incredible community of smart city cross-collaborators in the U.S. to support these companies, and we are looking forward to awarding another winner and supporting another international startup with their goal of entering the U.S. market.”

The 2025 Smart Cities Global Startup Challenge is focusing on problem statements across the future of transportation, public safety, connectivity, and infrastructure. Companies interested in participating in the pitch event will need to ensure their solutions address one of these key challenge areas, with a solution focused on the following:

  • Transportation including but not limited to: autonomous delivery, people movers, VRUs, and AI-powered smart parking.
  • Public Safety including but not limited to: crowd management, facility safety and security, emergency response, and predictive analytics.
  • Connectivity including but not limited to: 5G/6G, supply chain infrastructure and IIoT, noise and vibration monitors and IIoT, and resilient networks.
  • Smart Infrastructure including but not limited to: predictive analytics for infrastructure maintenance, resource conservation and technology to manage AI and data center growth, sustainable infrastructure and building technologies, and smart buildings including ports, campuses, venues, and airports.

Companies will also need to ensure their technology is ready to be deployed for testing and development in real-world smart city environments.

“With a tech talent pool that is twice the national average, Frisco is a driving force for innovation,” said Gloria Salinas, Senior Vice President and Chief Growth Officer of the Frisco Economic Development Corporation. “We are home to 15 corporate innovation and R&D Centers, including five Fortune 500 companies across a diverse range of industries. Our city boasts more than 500 tech firms and startups, and we are proud to be at the forefront of smart city technology, with pilots like Drive.AI and Google Wing Drone Delivery, and the implementation of computer vision technology to make traffic signals more responsive to traffic flows by using AI. The conference and pitch competition provide a platform for individuals and organizations to showcase technology that has the potential to shape the future of urban living not only for the residents of Frisco, but also for people around the world.”

Finalists will be provided passes to the 2025 SCEWC in Barcelona, where the final pitch will take place. Winners of the competition will be rewarded with travel, pilot, and funding opportunities in addition to the NTXIA Champion Texas Belt Buckle and Cowboy Hat. Prizes include:

  • Curiosity Lab at Peachtree Corners will commit $5,000.00 in funding towards a pilot, one year of office space at Curiosity Lab that includes the use of campus infrastructure and space in the Innovation Center, and access to a global partner network for additional market support.
  • Frisco and McKinney, Texas will provide travel and accommodations to the U.S. in Texas and Georgia for senior leadership, not to exceed $10,000.00. This includes airfare, hotel, ground transportation, food, and office or co-working space in McKinney and Curiosity Lab for the initial visit.
  • Plug and Play will provide four hot desk spaces in Frisco or McKinney for one year.
  • NTXIA, Frisco and McKinney, Texas, and Curiosity Lab at Peachtree Corners will create a curated itinerary of high-level meetings with decision makers in City Departments to explore pilot implementation, as well as corporate innovation and R&D centers where dual-use technology is of interest to corporate innovation leadership.
  • Winners will also be introduced to high-level executives at Plug and Play, University of North Texas, the Dallas College system, major healthcare institutions in Texas like Baylor Scott & White Health, Fortune 500 corporations, the North Central Texas Council of Governments, Chambers of Commerce, and major sporting and entertainment venues in Texas.
  • Winners will receive global exposure through various media channels.

“Our ecosystem offers a unique real-world environment where companies of all given sizes can test, deploy, and validate their technologies,” said Curiosity Lab Executive Director Seth Yurman. “We’ve become an innovative smart city hub that allows international companies to have a soft-landing pad in the U.S. to continue to develop their technologies and, when ready, can enter the U.S. market. Our work with VisionCraft.ai, the 2024 competition winner, is a testament to this competition and the doors we can open for companies for their success and growth. We’re proud to, once again, uplift and support international startups as they work to improve our everyday lives with their trailblazing technologies.” 

Judges for the 2025 Smart Cities Global Startup Challenge include NTXIA Executive Director Jennifer Sanders, Frisco Economic Development Corporation Director of Innovation Jeremiah Anderson, McKinney Economic Development Corporation Senior Vice President Michael Talley, Plug and Play Director David Steele, Curiosity Lab at Peachtree Corners Managing Director Valerie Chang, AMSYS Innovative Solutions Vice President of Enterprise AI John Rohrer, and Toyota Mobility Foundation Program Manager Trey Ingram.

Five finalists will be selected by the Smart Cities Global Startup Challenge committee to pitch their solutions in person at SCEWC on Wednesday, November 5 in the SCEWC Expo. Each company will have 10 minutes for their pitch, followed by a five-minute Q&A session with the judges. Once all presentations and Q&A sessions are final, the judges will deliberate for 10 minutes and will then announce the winner. The Challenge is also supported by Marketplace.city with its Clearbox Source market intelligence product which will promote the opportunity, accept applications and compile vendor submissions.

“North Texas is growing at an incredible rate and having innovation to continue to foster growth in our technology sectors is a huge economic driver for us,” said Michael Kowski, President & CEO of the McKinney Economic Development Corporation. “Our hope in supporting this pitch competition and these innovators is to help companies flourish in a new market and to provide the connections and testing requirements needed to see them succeed. This will help foster North Texas’ smart city ecosystem and showcase how we can harness the power of innovation to create diverse and resilient communities.”

“AMSYS is honored to join North Texas Innovation Alliance, alongside Lenovo and NVIDIA, in a sponsorship collaboration at Smart City Expo World Congress in Barcelona. We believe it is important to showcase how strategic partnerships can accelerate the future of Connected Cities,” said John Rohrer, Vice President of Enterprise AI at AMSYS Innovative Solutions. “With the opening of our new Frisco, Texas Innovation Hub, we are strengthening our commitment to Sovereign AI, education, and healthcare innovation while expanding our leadership in advancing smart community solutions globally. We are looking forward to seeing this year’s finalists compete in Barcelona, and cannot wait to welcome the winners to Frisco.”

Find out more about the Smart Cities Global Pitching Challenge and submit your 2025 application here.

About The North Texas Innovation Alliance 
The North Texas Innovation Alliance (NTXIA) is a 501(c)3 consortium of key cross-sector stakeholders working to develop and implement a smart region strategy for North Texas. The NTXIA is building the most connected, smart and resilient region in the country – bringing together government entities on all levels, transit agencies, utilities/infrastructure, public safety, educational institutions and some of the world’s top technology developers in the private sector to pave the way for a brighter tomorrow. The organization’s mission is to break down silos and drive the collaborative use of data, technology and community to address the most pressing topics and create solutions that will improve quality of life, drive inclusive economic development and promote resource efficiency. For more information, please visit www.NTXIA.org, or follow LinkedIn.

Compass Mining Deepens Vertical Integration with New 10 MW Site in Partnership with ONMINE

New partnership combines enterprise hosting, shared revenue, power‑pricing risk sharing, and Compass Mining-led operations under one model

WILMINGTON, Del., Aug. 19, 2025 /PRNewswire/ — Compass Mining, a leading provider of Bitcoin mining infrastructure and services, today announces the full energization of a 10 megawatt (MW) facility in Texas, developed in partnership with Onmine. The project demonstrates Compass Mining’s progress toward full vertical integration by placing the company in control of day-to-day operations, sharing revenue with the site owner, and assuming part of the power-pricing risk.

The facility was energized in stages, reaching its full capacity by the end of July. Compass Mining has deployed its own machines to validate performance and streamline the onboarding process for its customers. The company expects to transition the entire 10 MW to hosting for its enterprise clients no later than October 2025.

“This partnership reflects Compass Mining’s evolution from a hosting marketplace into a full-stack mining infrastructure operator,” said Karoon Mackenchery, Director of Hosting Services at Compass Mining. “It’s the first site where we’re not only taking on the day-to-day operations, but also the power pricing risk and revenue responsibility from first self-mining and then customer hosting. Our ability to step into this role is a direct result of the trust we’ve built with enterprise clients and our success in delivering performance at scale.”

“This project demonstrates how Compass Mining’s operational expertise aligns with Onmine’s proven track record in developing scalable, grid-connected infrastructure to serve datacenters,” said Ziyad Elgamal, Co-CEO of Onmine. “By securing the site, fast-tracking interconnection, and integrating Giga’s advanced air-cooled container product line, we brought 10 MW of sustainable capacity online in record time — the first of several Onmine projects energizing this year.”

Compass Mining oversees both onsite and remote operations, while Giga Energy, a leading manufacturer of electrical infrastructure, provides air-cooled modular data centers, which shorten deployment timelines and enhance scalability. Onmine provided the site, secured interconnection with ERCOT, and assisted throughout construction to ensure seamless integration with Compass Mining’s operational requirements. The arrangement allows Compass Mining to offer institutional clients a turnkey hosting solution that includes power contract management, advanced monitoring, and uptime service level agreements, all at competitive rates within ERCOT.

This announcement follows recent expansions in Iowa and West Texas and illustrates Compass Mining’s strategy to build a nationwide network of enterprise‑grade facilities serving both individual miners and large institutional clients.

For more information about Compass Mining, visit www.compassmining.io.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for Bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

About ONMINE

Onmine is a developer and operator of high-performance energy and data-center infrastructure, delivering scalable solutions for Bitcoin mining, AI/HPC workloads, and other grid-optimization projects. Guided by a vision to eliminate wasted kilowatts through smarter energy usage and storage, Onmine builds infrastructure that accelerates timelines, reduces costs, and drives a more sustainable digital future. With a growing portfolio across Texas and North America, Onmine builds reliable, future-ready energy solutions at scale. Learn more at www.onmine.io.

About Giga Energy

Giga Energy designs and manufactures modular, containerised data-centre and power-distribution systems for high-density computing and industrial applications. Its turnkey infrastructure integrates switchgear, cooling and remote monitoring to enable rapid deployment, reliable performance and flexible scaling. Learn more at www.gigaenergy.com.

Media Contact

BlocksBridge Consulting
compass@blocksbridge.com