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Paradigm Therapeutics, Inc. Announces Investment by Eshelman Ventures, LLC to Support Completion of Development of SD-101 (Zorblisa™), A Topical Therapy for Treatment Across the Entire Skin Surface of All Subtypes of Epidermolysis Bullosa (EB)

First Topical Therapy Developed to Treat the Wounds and Lesions on the Entire Skin Surface Across All EB Subtypes

Funding to be Used for Completion of All Activities to Support Planned NDA Submission in the Second Half of 2025, Along with Plans for Commercialization in the U.S.

MT PLEASANT, S.C., May 6, 2025 /PRNewswire/ — Paradigm Therapeutics, Inc., a biopharmaceutical company, announces a $12.5 Million investment by Eshelman Ventures, LLC and appointment of Dr. Eshelman as a strategic advisor for Paradigm. SD-101 (Zorblisa™) is being developed as a topical whole-body treatment for all subtypes of Epidermolysis Bullosa (EB) patients. Funds will be used to complete all activities to support an NDA submission in the later part of 2025.

“We are excited about the opportunity to complete the development activities for SD-101 (Zorblisa™) and to move a path forward towards registration of this therapy for patients with all EB subtypes,” said Robert Ryan., Ph.D., Chief Executive Officer of Paradigm Therapeutics. “There is a tremendous need for novel whole skin surface treatment options for treating the debilitating skin effects across all patients with Epidermolysis Bullosa. The Paradigm Therapeutics team will be working passionately to provide patients with a new therapeutic alternative in this disease with limited whole-body treatment options. Paradigm’s goal is to provide this therapy to patients on a global basis and is working in parallel with potential partners to work towards this goal as quickly as possible.”

Dr. Ryan added, “Epidermolysis Bullosa is a devastating disease. We believe the clinical data show beneficial effects of the use of SD-101 across the range of EB patients, and strongly support progression towards registration. Results from the completed Phase II and Phase III trials indicate that SD-101 demonstrated a broad benefit with whole body treatment of the lesions and wounds on the entire skin surface in pediatric and adult patients across all EB patients, who have limited whole body treatment alternatives. Results also demonstrated that SD-101 has a favorable safety profile when used long term.”

“Eshelman Ventures is honored to invest in Paradigm Therapeutics and play a pivotal role in accelerating the development of SD-101 as a transformative treatment for Epidermolysis Bullosa,” said Dr. Eshelman, founder of Eshelman Ventures. “As an investor and strategic advisor, I am deeply committed to working closely with this exceptional team as we work tirelessly to bring this innovative therapy to patients in need. The urgency of addressing the challenges faced by EB patients is what drives us; our goal is to provide an improved quality of life in this area of unmet need. Together, we will strive to revolutionize treatment options and make a meaningful impact on the lives of those affected by this debilitating disease.”

About Epidermolysis Bullosa (EB)

Epidermolysis Bullosa is a rare, devastating genetic disorder causing very fragile skin that leads to severe skin blistering and open wounds often beginning at birth. There are no approved therapies that were developed to treat the entire skin surface of patients across all subtypes of EB patients, including wounds and lesional skin, which affects children and adults throughout their lifetimes. EB is a chronic disease, potentially disfiguring, and in some cases fatal. There are many genetic and symptomatic variations of EB, but all forms share the common symptom of fragile skin that blisters and tears, sometimes from the slightest friction or trauma.

About SD-101 (Zorblisa™)

SD-101 (Zorblisa™) is a topical cream that has demonstrated potential to provide improvement in treating the severe skin disruptions seen in patients across all EB subtypes. Phase II and Phase III studies were conducted in children and adults with either Simplex, Recessive Dystrophic (RDEB), or Junctional EB. A total of 217 EB patients were included in these studies. SD-101 was applied topically over the entire body daily in adults and children as young as 21 days old for a period of three months. The primary outcome measurement was assessment of target wound closure, in addition to secondary measurements including reduction in body surface area (BSA) coverage of blisters and wounds.

SD-101 (Zorblisa™) was the first EB treatment to receive the FDA’s Breakthrough Therapy designation. SD-101 (Zorblisa™) received Rare Pediatric Disease designation from the U.S. Food and Drug Administration (FDA) covering the broad treatment of EB. In addition to the Rare Pediatric Disease designation, SD-101 was granted Orphan Drug designation from the FDA and the European Commission (EC). Upon approval, Paradigm will be eligible to receive a Priority Review Voucher (PRV).  

About Paradigm Therapeutics, Inc.

Paradigm Therapeutics, Inc. is a privately held, clinical-stage pharmaceutical company focused on developing innovative therapies to address critical medical needs in the treatment of rare diseases. Paradigm’s main focus is the treatment of Epidermolysis Bullosa (EB). SD-101 (Zorblisa™), its leading therapy for the treatment of skin effects in patients with Epidermolysis Bullosa, has completed Phase II and Phase III clinical trials. SD-101 (Zorblisa™) is a topical cream that requires no special handling and can be stored at room temperature and has demonstrated potential to provide improvement in treating the severe skin effects seen in patients across all EB subtypes. 

Forward Looking Statement

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including: our dependence on third parties for the development, regulatory approval and successful commercialization of our products, the inherent risk of failure in developing product candidates based on new technologies, risks associated with the costs of clinical development efforts, as well as other risks. Actual results may differ materially from those projected. These forward-looking statements represent our judgment as of the date of the release. Paradigm disclaims any intent or obligation to update these forward-looking statements.

Company Contact

Dr. Robert Ryan

Chief Executive Officer

rryan@paradigmtherapeutics.com

(919)-274-0703

TTEC Expands India Operations with New Mohali Customer Experience Center, Adding 400 New Jobs

AUSTIN, Texas and MOHALI, India, May 6, 2025 /PRNewswire/ — TTEC Holdings, Inc. (NASDAQ: TTEC), a leading global customer experience (CX) technology and services innovator, today announced the expansion of its India operations with a new customer experience center in Mohali, also known as Sahibzada Ajit Singh Nagar (SAS Nagar).

This expansion will create 400 new jobs to support a major U.S.-based healthcare organization, with capacity to grow and serve additional clients as TTEC expands in the region.

President of TTEC Engage John Abou commented: “Today’s customer experience leaders are looking for smarter, more agile ways to deliver value—and digital first CX programs are the answer. By combining the unique knowledge of our front-line teams with the precision of AI-powered insights, our new Mohali Customer Experience Center will enable clients to elevate outcomes, streamline operations, and do so with speed, efficiency, and confidence.”

TTEC chose Mohali for its expansion due to the region’s scalable, English-proficient talent pool and strong cultural alignment with the company’s service-first mindset. Local values like seva (selfless service) and community cohesion naturally support TTEC’s human-centered approach to customer experience.

TTEC’s Mohali Customer Experience Center will initially operate from C-205, Phase 8B, Industrial Area, Sector 74, Mohali, Punjab 140308. The company anticipates moving in August to Quark City, an IT and tech hub located in Mohali.

New hires at TTEC’s state-of-the-art Mohali Customer Experience Center will leverage the company’s latest AI-enabled technology to deliver seamless, human-centric service experiences. This includes TTEC Perform, an AI-powered performance enablement platform that helps frontline teams continually improve; TTEC Let Me Know, a generative AI tool that speeds knowledge retrieval to improve the customer and employee experience; and TTEC Clarity, which improves communication through accent softening and voice-to-voice translation.

“We’re thrilled to continue our growth in India with this expansion into Mohali,” said TTEC Engage Senior Vice President of Asia Pacific Operations Arnab Ray. “This investment reflects both the incredible talent in the region and TTEC’s continued commitment to delivering exceptional experiences for our clients and their customers.”

This move builds upon TTEC’s significant growth in India, where the company has been operating for 24 years. In 2024, TTEC celebrated the one-year anniversaries of its Mumbai Customer Experience Center and Hyderabad Digital Innovation Studio, adding 800 positions to support these facilities. With approximately 3,500 employees across India, including sites in Ahmedabad and Chennai, TTEC continues to invest in the region’s talent and infrastructure.

Interested candidates can learn more about TTEC’s Mohali location here and can explore and apply to open positions here.

About TTEC
TTEC (pronounced T-TEC) Holdings, Inc. (NASDAQ: TTEC) is a leading global CX (customer experience) technology and services innovator for AI-enabled digital CX solutions. Serving iconic and disruptive brands, TTEC’s outcome-based solutions span the entire enterprise, touch every virtual interaction channel, and improve each step of the customer journey. Leveraging next-gen digital technology, the Company’s TTEC Digital business designs, builds, and operates omnichannel contact center technology, CRM, AI, and analytics solutions. The Company’s TTEC Engage business delivers AI-enhanced customer engagement, customer acquisition and growth, tech support, back office, and fraud prevention services. Founded in 1982, the Company’s singular obsession with CX excellence has earned it leading client, customer, and employee satisfaction scores across the globe. The Company’s employees operate on six continents and bring technology and humanity together to deliver happy customers and differentiated business results. To learn more visit us at ttec.com.

Media Contact:
Meredith Matthews
meredith.matthews@ttec.com
+1 281-770-2566 

 

 

JuCoin made a global impact at TOKEN2049 Dubai, advancing its ecosystem with the “Peak Experience” vision and JuChain’s robust tech.

SINGAPORE, May 6, 2025 /PRNewswire/ — JuCoin, a global leader in cryptocurrency trading and Web3 ecosystem development, recently hosted a series of landmark strategic initiatives during TOKEN2049 Dubai (April 30 – May 1, 2025), one of the world’s premier Web3 summits. The event brought together over 15,000 industry leaders and 4,000 enterprise representatives from more than 150 countries, with over 70% in C-level positions—cementing its status as a barometer of global Web3 development.

As a Platinum Sponsor, JuCoin showcased its rapidly expanding ecosystem through three core pillars: keynote speeches, tech showcases, and elite networking. These efforts not only highlighted JuCoin’s growing influence but also propelled the global exposure and adoption of its high-performance Layer 1 blockchain JuChain and its first native protocol, Butterfly—connecting key developers, investors, and strategic partners worldwide.

Booth Experience: Immersive Engagement with JuCoin’s “Peak Moments” Philosophy

At the main venue of TOKEN2049, JuCoin’s immersive brand booth became a standout hub for deep engagement. Centered around the core concept of “Designed for Peak Moments,” the booth integrated interactive experiences, limited-edition merchandise, and in-depth insights into the JuCoin ecosystem. This transformed JuCoin’s pursuit of exceptional user experience from an abstract idea into tangible brand interaction, effectively conveying its commitment to enhancing both the usability and emotional value of Web3.

CEO Insights: Drawing Inspiration from Luxury to Drive Web3 Adoption Through Peak Experiences

On April 30, JuCoin CEO Sammi Li delivered a strategic keynote titled “From Luxury to Crypto — Designing Peak Moments in User Experience” on the main stage. She highlighted that while most crypto products today focus heavily on technical metrics, they often overlook users’ deep need for trust and positive emotional resonance during high-value interactions—an area where the luxury industry excels by crafting unforgettable “peak moments” to foster loyalty.

Sammi emphasized that for Web3 to achieve mass adoption, the industry must shift from “tech for tech’s sake” to a “user experience first” mindset. This includes infusing empathy and refined detail across critical user touchpoints—from onboarding and user flows to customer support, documentation, and community engagement. She explained that JuCoin is implementing this philosophy by systematically optimizing its full product suite—including JuChain, JuChat (a social platform), and JuGame (a gaming platform)—to significantly lower the barrier to entry while boosting user delight and trust. Her speech not only outlined JuCoin’s product vision but also served as a rallying call to the broader Web3 community: invest in the experience ecosystem, put users at the center, and drive the next wave of Web3 growth together.

“The Great Gatsby” Afterparty: A High-Impact Social Arena for Web3 Elites and Capital Synergy
Beyond the packed schedule of TOKEN2049, JuCoin curated an elegant and efficient platform for deep networking among global Web3 elites. On the evening of April 30, JuCoin hosted a themed afterparty titled The Great Gatsby – JuFusion DJ Party at the iconic Gatsby Dubai. Inspired by the vintage luxury aesthetic of the classic novel, the event attracted nearly 3,000 registrants, including top-tier project teams, investment institutions, and key opinion leaders (KOLs), quickly becoming one of the most high-profile and valuable social hubs of Dubai Web3 Week.

This meticulously crafted party offered not just a unique social atmosphere—with an AR interactive check-in area, thematic art installations, and a cross-genre performance by internationally renowned electronic music group JuFusion—but also played a catalytic role in connecting innovation with venture capital. Exciting activities such as BTC price prediction games, Golden Key NFT raffles, and the grand prize “Ultimate Treasure” backed by JuCoin Launchpad’s end-to-end incubation support, effectively energized the crowd and sparked potential collaborations. Notably, JuCoin Labs announced a priority investment pathway for the hackathon’s winning team during the event and held in-depth strategic discussions with over a dozen promising startups, actively leveraging its resources to accelerate the commercialization and globalization of high-quality Web3 innovations.

JuChain Hackathon Demo Day : Showcasing Technical Power and Unleashing On-Chain Innovation
Technical innovation remains the driving force behind the JuCoin ecosystem. On May 1, JuChain—the high-performance public chain under JuCoin—successfully hosted the final Demo Day of its second global hackathon at The H Dubai Hotel. The event focused on two cutting-edge themes: On-Chain Traffic Hubs and Decentralized Edge Computing, attracting nearly 100 top developer teams globally to compete across six tracks, including Core Tech Innovation, ZK-Rollup Integration, Traffic Scenario Breakthroughs, Cross-Chain Interoperability, and Decentralized Content Platforms.

JuChain’s robust infrastructure—featuring ~2-second finality enabled by its JPoSA consensus mechanism, full EVM compatibility (reducing migration costs by up to 70%), and ultra-low base transfer fees of under 0.001 JU (about 90% lower than solutions like Base)—provides a solid foundation for developers building the next generation of Web3 applications.

This Demo Day was not only a public stress test for JuChain’s performance and stability but also a key platform connecting top-tier developer talent with leading venture capital. A jury composed of elite VCs, renowned industry KOLs, and JuCoin’s core technical experts rigorously evaluated the finalists. Winning teams shared a prize pool of up to $500,000 and gained priority access to investment evaluations and deep incubation opportunities from JuCoin Labs.

Several standout projects demonstrated the strength and diversity of the JuChain ecosystem:

CancerDAO (@CancerDAOxyz): A DeSci data DAO powered by blockchain and AI, dedicated to connecting global cancer patients, researchers, and clinicians through a decentralized, secure, and trusted data-sharing platform. It aims to break institutional and geographic silos, accelerating cancer treatment innovations by solving critical issues such as data isolation and low collaboration efficiency in traditional research.

BUNANA (@bunana_ai): An AI-powered intelligent trading tool that leverages advanced machine learning models and quantitative strategies to provide Binance users with real-time market analysis, smart position management advice, and one-click execution—boosting trading efficiency and accuracy.

Didotxyz_ (@Didotxyz_): Focused on building a decentralized AI ecosystem, this project introduces an innovative “staking token model” to incentivize global sharing of computing and storage resources, offering users more cost-effective and efficient access to AI tools—driving forward the democratization of AI.

ubinetworkdepin (@ubinetworkdepin): A DePIN (Decentralized Physical Infrastructure Network) aggregator platform that simplifies participation in over 40 DePIN mining projects through a one-stop application portal, significantly lowering the entry barrier for mainstream users in the DePIN space.

Particularly noteworthy is the launch of Butterfly (BF)—the inaugural ecosystem protocol released alongside JuChain’s mainnet (Chain ID: 210000). Targeting the promising decentralized AI edge computing sector, its native token $BF received an enthusiastic market response, with initial price surging over 20%. This not only validates the sector’s appeal but also marks early market confidence in JuChain’s technical strength and ecosystem growth potential.

Conclusion: Technology-Driven Ecosystem Evolution – JuCoin Leads the Future of Web3

In summarizing JuCoin’s journey at TOKEN2049 Dubai, CEO Sammi Li emphasized:
“Dubai Blockchain Week and TOKEN2049 represented a strategic milestone for JuCoin. Through our keynote speech, we articulated a product philosophy and industry vision centered on user experience. Through the Hackathon Demo Day, we demonstrated JuChain’s robust technical strength and its compelling value proposition for developers. Through the Gatsby Afterparty, we successfully built a high-efficiency bridge between capital and innovative projects. JuCoin and JuChain are accelerating the development of a full-stack Web3 ecosystem—from infrastructure and middleware protocols to application layers—anchored by a high-performance public chain and powered by cutting-edge protocols like Butterfly, all while keeping user experience at the heart of everything we build.”

Through its deep involvement and strategic presence at TOKEN2049 Dubai, JuCoin not only strengthened its engagement with the global Web3 community but also vividly showcased the vitality of its ecosystem. The event further solidified JuCoin’s position as an industry pioneer and powerful ecosystem builder. With the continued stable operation of the JuChain mainnet and the ongoing growth of native protocols such as Butterfly, the JuCoin ecosystem is poised to attract more diverse and high-quality applications—contributing key momentum toward bringing Web3 technologies into mainstream adoption and shaping a broader, more dynamic future.

About JuCoin
Founded in 2013, JuCoin is one of the earliest established cryptocurrency exchanges in the world. It has consistently focused on providing secure, professional, and innovative digital asset trading and management services to a global user base. The JuCoin ecosystem spans multiple verticals, including the high-performance public chain JuChain, decentralized social platform JuChat, gaming aggregation platform JuGame, and Web3 smart device JuOne, all designed to deliver a seamless, secure, and engaging next-generation internet experience. JuCoin has established deep collaborations with over 300 partners across AI, DeFi, RWA, and other cutting-edge sectors, serving millions of users across 100+ countries and regions worldwide.

Interlace Breaks New Ground in Web3 Finance with CaaS at Token2049

NEW YORK, May 6, 2025 /PRNewswire/ — On May 1st, the global blockchain industry event Token2049 concluded successfully, marking a significant moment for Web3 and fintech innovations. Interlace, a leading Web3 fintech company, made its debut at the event, capturing widespread attention with its cutting-edge Card-as-a-Service (CaaS) solution. The company showcased its deep industry insights and strategic expansion plans for the Middle East market, positioning itself as a key player in the region’s Web3 ecosystem. Interlace’s presence attracted a diverse range of stakeholders, including Web3 enterprises, industry pioneers, developers, institutional investors, and ecosystem partners.

Redefining what is possible in Web3 with Cards as a Service

As a global leader in financial infrastructure services, Interlace has consistently driven the integration of Web2 and Web3 ecosystems through technological innovation. At Token2049, the company highlighted its industry-leading CaaS solution, a comprehensive platform that simplifies the entire process from wallet management to card issuance.

Key features of the CaaS offering include:

  • 30+ BIN Configurations: Enhancing flexibility for global financial compatibility.
  • Wallet Deposit Address Generation: Providing seamless management of funds.
  • KYT (Know Your Transaction) Compliance: Ensuring secure, compliant crypto deposits.
  • Cardholder KYC Verification: Available via API or custodial mode to validate user identity.
  • Built-in Risk Control and Anti-Fraud Systems: Protecting users and businesses from fraud.
  • Regulatory-Compliant Custodial Infrastructure: Ensuring full transparency and security of fund flows.

These features come together to provide a robust solution that seamlessly bridges the gap between the Web3 world and traditional financial systems, enabling more secure, transparent, and accessible financial services.

White-Label Customization: Empowering Clients with Brand Differentiation

Interlace also offers a flexible white-label card solution that allows businesses and institutions to fully customize card designs, enabling them to build distinctive brand identities. With the Interlace CaaS solution, clients can issue both physical and virtual cards in as soon as two weeks, accelerating time-to-market for crypto-based financial products.

The cards are fully compatible with popular digital wallets, including Apple Pay and Google Wallet, facilitating seamless crypto-to-fiat conversions and empowering users to spend both crypto and fiat currencies effortlessly—anytime, anywhere. This functionality unlocks the true potential of on-chain assets, offering users a level of “spending freedom” previously unavailable.

Real-Time Experience with the Infinity Card

During Token2049, Interlace offered a hands-on demonstration of its flagship product, the Infinity Card, which provided attendees with a limited-time gift card. This allowed users to experience the seamless transition from on-chain asset management to off-chain spending. As one Web3 participant noted, “Interlace has simplified the complexities of on-chain asset liquidity and conversion into a globally accepted payment card. This is a pivotal step toward turning blockchain technology into a practical, mainstream financial tool.”

Interlace Breaks New Ground in Web3 Finance with CaaS at Token2049
Interlace Breaks New Ground in Web3 Finance with CaaS at Token2049

Currently, the Interlace CaaS solution has been widely adopted by crypto exchanges, wallets, OTA platforms, AI companies, gaming firms, advertising platforms, and online subscription services. Notably, for Token2049, Interlace partnered with Web3 travel and lifestyle platform Umy, offering users exclusive discounts when booking flights and hotels in Dubai through Umy. Users could also pay with the Infinity Card using cryptocurrency, further demonstrating the compatibility of CaaS with traditional consumer scenarios.

Partnerships and Collaborations: Strengthening the Ecosystem

Interlace’s presence at Token2049 was not limited to the main event. The company actively engaged in key side events such as 1001 Crypto Nights and Hack Seasons Conference, where it networked with Web3 professionals, thought leaders, and potential collaborators. As part of its strategic efforts, Interlace also partnered with Umy, a Web3 travel and lifestyle platform. Through this collaboration, Interlace users were offered exclusive discounts on flights and hotel bookings, with the added benefit of paying with the Infinity Card using cryptocurrency. This partnership further demonstrates the compatibility of CaaS with traditional consumer scenarios, expanding the utility of crypto assets in everyday life.

Building a Middle East Strategy: Compliance as the Cornerstone of Growth

The Middle East has rapidly emerged as a strategic hub for global Web3 enterprises, driven by Dubai’s open regulatory environment and concentration of high-net-worth capital. Interlace’s debut at Token2049 marks a key milestone in its global expansion strategy, with a particular focus on the Middle East market. As CEO Michael Wu noted, “The Middle East is a core node in Interlace’s mission to build a global Web3 financial network. By combining our extensive compliance technology expertise with localized market needs, we are accelerating the integration of blockchain and traditional finance.”

At Token2049, Interlace was able to demonstrate its technical expertise and regulatory-compliant operational capabilities. As its expansion into the Middle East continues, Interlace aims to become a benchmark for the “Compliance + Technology” innovation model, driving the large-scale adoption of crypto payment services across industries such as consumer goods, trade, and travel.

Impressive Milestones and Future Outlook

Founded in 2019, Interlace has achieved PCI-DSS Level 1 certification, the highest security standard for card payments, and holds key international licenses, including Hong Kong TCSP, U.S. MSB, and Lithuania VASP. To date, Interlace has issued over 6 million cards, serving more than 7,500 enterprises, and processing over 60 million transactions annually. The company’s continuous growth and expansion highlight its dedication to building secure, compliant, and scalable solutions for the global Web3 financial ecosystem.

Xiao-I Corporation Expands Strategic Partnership with AIA China Through RMB 3-4 Million AI Solutions Deal

SHANGHAI, May 6, 2025 /PRNewswire/ — Xiao-I Corporation (NASDAQ: AIXI), a leading AI enterprise, announced the expansion of its partnership with AIA China, a leading insurance provider, through a one-year contract valued at RMB 3–4 million. This collaboration underscores Xiao-I’s position as a pioneer in delivering end-to-end AI-driven customer service solutions powered by its proprietary Hua Zang Large Language Model (LLM).

Key Highlights of the Collaboration

Full-Scale AI Customer Service Ecosystem: The agreement encompasses Xiao-I’s flagship solutions, including an Intelligent Dialogue Robot, Live Chat Platform, AI-Powered Seat Assistant, Knowledge Fusion System, and Outbound Call Integration. All modules are seamlessly integrated and driven by the Hua Zang LLM, ensuring unified intelligence across voice, text, and data interactions.

Technology Differentiation with Hua Zang LLM: Unlike conventional AI tools, Xiao-I’s solutions leverage the Hua Zang LLM’s advanced natural language processing (NLP) capabilities to enable context-aware conversations, real-time decision support for agents, and dynamic knowledge base optimization. This ensures AIA’s customers receive hyper-personalized service while reducing operational friction.

All solutions are unified under the Hua Zang LLM, ensuring scalability, accuracy, and adaptability to complex business scenarios. This holistic approach eliminates siloed systems, offering AIA China a future-proof infrastructure for customer service excellence.

Leadership Commentary 

“Renewing this partnership reflects AIA China’s trust in our ability to deliver transformative AI solutions,” said Spokesperson of Xiao-I Corporation. “By embedding Hua Zang LLM across all services, we empower clients to achieve operational agility while maintaining a human-centric customer experience.”

About Xiao-I Corporation

Xiao-I Corporation is a leading cognitive intelligence enterprise in China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing, voice and image recognition, machine learning, and affective computing. Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information, please visit: www.xiaoi.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s ability to achieve its goals and strategies, the Company’s future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission (“SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, including under the section entitled “Risk Factors” in its annual report on Form 20-F filed with the SEC on April 30, 2024, as well as its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For investor and media inquiries, please contact:
Ms. Berry Xia
Email: ir@xiaoi.com 

Lightweight Tech, Maximum Freedom: PGYTECH’s OneGo 2 and OneGo Rope Strap Bag Empowers Urban Creators

NEW YORK, May 6, 2025 /PRNewswire/ — On May 6, 2025, globally renowned photography accessory brand PGYTECH proudly unveils the OneGo 2 series, featuring two innovative Urban camera backpacks: OneGo 2 and OneGo Rope Strap Bag. Both offerings combine minimalist aesthetics with smart engineering, catering to urban explorers, creatives, and on-the-go professionals.

OneGo 2 Backpack: Minimalist, Stylish, And Ready For Everything
Crafted for those who value timeless design and intuitive functionality, the OneGo 2 Backpack redefines comfort and convenience:

  • Engineered Comfort: Ergonomically sculpted, breathable multi-layer back panel ensures all-day support.
  • 180° Clamshell Access: Instantly organize or retrieve gear with its full-rear opening.
  • Customizable Storage: Flexible compartments adapt to your needs, secured by a one-handed magnetic closure system.
  • Lightweight Durability: Splash-resistant fabric paired with a streamlined build keeps you agile in any weather.

Ideal for Daily Commute, Creative Shoots, Weekend Getaways and Pro Shoots, this backpack transforms chaos into order—effortlessly.

OneGo Rope Strap Bag: Capture Life Colorfully
A sleek hybrid of camera bag and everyday carryall, the Rope Strap Bag merges practicality with understated elegance:

  • Ultra-Light Versatility: Featherweight nylon construction with splash resistance for urban resilience.
  • Expandable Capacity: Hidden bottom zipper unlocks more space, while adjustable dividers secure camera gear (fits 1 camera + one 70-200mm lens).
  • Modular Attachments: Convert seamlessly between crossbody, sling, or handheld carry.
  • Elevated Aesthetic: Clean lines and muted tones complement casual or polished outfits.

Perfect for photographers, weekend adventurers, or anyone craving a minimalist yet capacious daily companion.

Availability & Pricing
The OneGo 2 Backpack and OneGO Rope Strap Bag are available now at PGYTECH official website and select retailers worldwide.

About PGYTECH:

Founded in 2015, PGYTECH strives to develop professional photography peripherals including camera bags, all-in-one camera kits and supports to deliver excellent products and aftersales service. After near 10 years of steady growth, PGYTECH has emerged as one of the leading brands in global photography accessories, delivering more efficient and enjoyable shooting experiences to photography enthusiasts in over 100 countries and regions, which makes creation easier.

True Global Ventures Doubles Down on BookitnGo as Claritas Leads Series A Round to Accelerate AI-Powered Travel Tech

PALO ALTO, Calif., May 6, 2025 /PRNewswire/ — True Global Ventures (TGV) is proud to announce its continued and increased support for BookitnGo, participating in the company’s latest Series A funding round led by Claritas Capital, a leading growth equity investor. This milestone marks a new chapter for BookitnGo as it solidifies its position at the forefront of AI-powered travel and hospitality innovation.

Claritas’s leadership in the round brings strategic firepower and deep operational expertise to support BookitnGo’s continued expansion. For TGV, this was an opportunity to double down on conviction: the firm joined with a super pro rata investment, reinforcing its strong belief in the company’s momentum, vision, and execution.

Since TGV’s initial investment, BookitnGo has scaled rapidly growing nearly 8x year-over-year and transforming from a promising disruptor into a high-performance platform reshaping the $1.6 trillion global travel industry. Monthly growth has averaged over 15%, and current projections indicate this pace will continue throughout 2025.

The company has surpassed $5.5 million in gross merchandise value (GMV) and crossed $1 million in net revenue, outpacing internal expectations and placing it on track to reach profitability by Q3 2025.

This funding will enable BookitnGo to deepen its investment in AI-driven travel technology—technology that not only powers seamless, intelligent travel experiences for end users, but also empowers other travel tech companies to leverage BookitnGo’s infrastructure and innovation. As legacy systems struggle to keep pace, BookitnGo is building a flexible, forward-looking platform designed to unlock new efficiencies across the travel ecosystem.

Konrad Wawruch, Founding Partner at TGV

“This is a business delivering real traction at a remarkable pace, and one that is turning AI innovation into tangible outcomes,” Konrad said. “With Claritas joining the journey, BookitnGo is poised to scale faster, expand its partner network, and set new standards for the future of travel.”

Claritas Capital – Theresa Sexton, Managing Partner

“Bookit N Go is delivering transformative travel infrastructure in some of the world’s fastest-growing economies. By bringing intelligent automation and real time optimization to markets like India and the Middle East, they are enabling a new standard of access and efficiency for travel agents. At Claritas, we are proud to support a company scaling globally with such clear velocity.”

Bookit N Go – Aman Mohindra CEO

Bookit N Go is excited to have Claritas lead this round and appreciate TGV for doubling down with their continued conviction and partnership. We’re building AI-powered travel tech that’s built to scale—making travel simpler and more intuitive for consumers, while helping travel businesses around the world tap into smarter tools to grow and compete.

In addition to product development, the new capital will also support expansion of go-to-market initiatives, onboarding of B2B partners, and margin optimization through predictive demand insights and inventory strategies. In an industry marked by fragmentation and legacy tools, BookitnGo is demonstrating what’s possible when AI, speed, and simplicity come together.

With this round now complete, BookitnGo enters its next phase of growth—one defined by intelligent scale, smart execution, and leadership in redefining how the world experiences travel.

About True Global Ventures

True Global Ventures is a global venture capital firm investing in serial entrepreneurs building category leaders in AI and blockchain. With a focus on scalable, revenue-generating platforms, True Global Ventures has two funds: TGV 4 Plus Fund (early stage) and TGV Opportunity Fund (late stage). The firm focuses on technology-driven businesses like late-stage AI applications, with a strong track record in Enterprise AI and blockchain investments, supporting ventures that drive transformative change.

About Claritas Capital

Claritas Capital is a Nashville-based investment firm focused on supporting innovative growth-stage companies in technology and healthcare. With a strong track record of partnering with exceptional entrepreneurs, Claritas brings strategic guidance and long-term capital to help businesses achieve scale and industry leadership.

About Bookit N Go

Bookit N Go is a fast-growing BtoB AI-powered travel platform redefining how modern travelers discover, plan, and book their journeys. By leveraging predictive inventory management, intelligent recommendations, and seamless user experiences, the platform delivers personalized travel solutions with unmatched efficiency.

For more information, visit www.tgv4plus.com

Winline Technology Showcases Advanced Charging Solutions for the North American EV Market at ACT Expo 2025

LOS ANGELES, May 6, 2025 /PRNewswire/ — At the 2025 Advanced Clean Transportation (ACT) Expo, Winline Technology, a global provider of electric vehicle charging modules and intelligent energy systems, showcased a suite of high-efficiency, high-reliability power modules designed to meet the surging demand in the North American EV and charging infrastructure markets. Throughout the event, Winline Technology engaged in dynamic discussions with industry experts, partners, and potential clients, emphasizing the innovative features of its products and their pivotal role in addressing the challenges of an evolving EV infrastructure. The booth attracted significant attention, with many attendees expressing keen interest in Winline Technology’s advanced solutions for EV charging and grid resilience.

Winline Technology Showcases Advanced Charging Solutions for the North American EV Market at ACT Expo 2025
Winline Technology Showcases Advanced Charging Solutions for the North American EV Market at ACT Expo 2025

With EV adoption across North America accelerating—U.S. sales alone exceeding 2.2 million units in 2024 and expected to reach 3.5 million in 2025—there is mounting pressure on the charging ecosystem to deliver faster, more scalable, and grid-resilient infrastructure. California alone accounts for over 40% of the nation’s EV sales, while federal initiatives such as the Inflation Reduction Act (IRA) and NEVI program are injecting billions into charging station deployment. However, the market continues to face pressing challenges, from inconsistent performance in extreme climates and grid stress to cost inefficiencies in high-power systems.

Established in 2007,  Winline Technology specializes in the R&D and manufacturing of electric vehicle charging modules, EV chargers, high-voltage direct current (HVDC) power supplies, battery energy storage systems (BESS), smart microgrid devices, and intelligent energy management systems. Leveraging comprehensive capabilities across energy storage, power electronics, and smart grid technologies, Winline Technology delivers integrated solutions for diverse energy application scenarios.

At ACT Expo, Winline Technology showcases a product lineup that directly addresses key market challenges, with a focus on liquid-cooled, high-power charging modules, ultra-wide voltage adaptability, and exceptional thermal tolerance.

The UXR100060, one of the core exhibits, is a 60kW AC/DC power module engineered to maintain full-load output even under ambient temperatures of 50°C. It supports a broad output voltage range of 100 to 1000V, precisely aligning with the diverse charging needs of electric vehicle platforms across North America, with the U.S. market as a key representative. Its high power density and wide constant power window enable it to serve both public highway stations and urban multi-vehicle chargers.

Another highlight, the LCR100040A, is tailored for rugged, high-demand installations such as coastal, mining, and logistics environments. Featuring full liquid cooling, hydroelectric isolation, and a 40kW constant power output from 50 to 1000V, it exemplifies how advanced technologies can overcome environmental and grid-related reliability issues, which are frequent concerns for operators deploying infrastructure in regions with volatile weather or high energy demand.

Meanwhile, the UXR100040G, stands out as a flagship solution in Winline Technology’s portfolio. Designed to meet IEC 61851-23:2023 and EMC Class B standards, this fully potted 40kW AC/DC module delivers ultra-low standby power consumption, low acoustic noise, and exceptional thermal performance. It offers an optimal balance of reliability and user comfort, making it the ideal choice for commercial-grade fast-charging stations in urban and semi-urban environments.

With accelerating global adoption of Vehicle-to-Grid (V2G)  technologies and smart microgrid systems in developed markets, Winline Technology has launched three power conversion modules: the unidirectional DC/DC module UXC100040, the bidirectional DC/DC module UXC95050B, and the bidirectional AC/DC module UXG1K022, helping to build a forward-looking energy ecosystem. V2G technology is a system that enables electric vehicles (EVs) to exchange energy with the grid, allowing EVs not only to receive power from the grid but also to return surplus energy, enhancing grid stability and overall energy efficiency. Leveraging broad voltage compatibility, intelligent power management capabilities, and seamless dual-mode interoperability for on-grid and off-grid systems, these modules deliver integrated solutions when synergized with Winline technology’s energy storage systems and smart microgrid devices, injecting robust technical momentum into next-generation intelligent ecosystems.

Winline Technology also displayed the UXR100030G, and UXR100030S series, all 30kW modules engineered with high conversion efficiency and superior heat dissipation. Their compact design and fully potted construction ensure both performance and durability, making them suitable for scalable charging platforms in densely populated city centers and for mobile charging scenarios such as fleet depots or emergency backup systems.

At the ACT Expo, Chase Qi, Winline Technology’s Regional Sales Manager, shared, “Our product strategy has always been rooted in the practical needs of global infrastructure development. From highway fast-charging corridors to resilient, high-stability smart energy ecosystems, Winline  Technology continuously delivers advanced technologies to support the world’s energy transition goals.”

Notably, Winline Technology’s products have obtained multiple international certifications, including CE, CB, UKCA, and UL. Building on proven success across more than 40 countries and regions, Winline Technology remains committed to providing safe, reliable, and high-quality solutions to the North American market, driving a cleaner, smarter, and more accessible energy future.

Find more details at en.szwinline.com