TAIPEI, May 6, 2025 /PRNewswire/ — Taiwan-based Formosa Pharmaceuticals (“Formosa”, 6838.TW) announced that the company has entered into an exclusive licensing agreement with Almac Discovery, a Northern Ireland-based research driven drug discovery company, for exclusive rights to the commercialization of ALM-401, a first-in-class, bispecific antibody drug conjugate (ADC) for the treatment of solid tumors characterized by the dual expression of EGFR and ROR1. Almac Discovery focuses on protein homeostasis and next-generation antibody drug conjugates. Their portfolio of preclinical and clinical stage drug candidates comprises both small and large molecule modalities, and benefits from collaboration and licensing partnerships with global R&D-focused biotech and pharmaceutical organisations. The licensing agreement includes upfront payment and development milestones, with additional considerations through approval and post-commercialization.
ALM-401’s core is a novel bispecific antibody engineered to be smaller in size by utilizing a single-chain architecture. This critical attribute potentially enhances epitope engagement and tumor penetration, and is designed to improve ease of manufacturing. The ADC has demonstrated durable and sustained tumor regressions in multiple solid tumor models, such as NSCLC, whilst also inducing a pronounced bystander effect to further boost overall therapeutic effect.
“Formosa Pharma is pleased to have this opportunity to bring ALM-401 into our development pipeline. This novel, next-generation ADC complements our corporate strategy and resources and promises to deliver a differentiated therapy to cancer patients worldwide. We look forward to collaborating closely with Almac Discovery in advancing this exciting program through clinical trials, commercialization, and beyond.” said Dr. Erick Co, President and CEO of Formosa Pharmaceuticals.
“We are pleased to have met Formosa’s exacting selection requirements for Next Generation ADC candidates,” said Dr Stephen Barr, President and Managing Director of Almac Discovery. “This agreement allows the seamless progression of the molecule into clinical evaluation, driven by Formosa.”
About Formosa Pharmaceuticals, Inc.
Formosa Pharmaceuticals, Inc. (6838.TW) is a clinical stage biotechnology company with primary focus in the areas of ophthalmology and oncology. The company’s flagship program, APP13007, is a novel topical formulation of the potent corticosteroid, clobetasol propionate, and was approved by the US FDA in 2024 for the treatment of post-operative inflammation and pain following ocular surgery, with multiple regional licensing partners worldwide. The company’s proprietary nanoparticle formulation technology (APNT®), through which APP13007 was developed, improves the dissolution and bioavailability of APIs for topical, oral, and inhaler administration. For more details about Formosa Pharma, visit www.formosapharma.com.
About Almac Discovery:
Almac Discovery has drug discovery facilities in Belfast, Edinburgh and Manchester. It is led by an experienced team with a track record in delivering successful pre-clinical programmes. Internal capabilities include discovery biology and bioinformatics, protein engineering, medicinal chemistry and translational sciences. Almac Discovery utilises its unique blend of protein engineering and small molecule capabilities to create and develop First in Class and Best in Class NCEs through to the pre-clinical candidate/IND-ready stages, after which it seeks to collaborate with partners to accelerate their development.
The Almac Discovery business benefits from collaboration and licensing partnerships with global R&D-focused biotech and pharmaceutical organisations.
For the second straight year, Inbound Logistics selects Arkieva from competitive field for spot on list of top 100 technology providers
WILMINGTON, Del., May 6, 2025 /PRNewswire/ — Arkieva, an industry leading supply chain planning and consultation provider, announces recognition by Inbound Logistics as a Top 100 Logistics and Supply Chain Technology Provider for 2025. The editors of Inbound Logistics selected Arkieva because of the company’s powerful supply chain planning and scheduling solutions that combine best-fit technology with expert guidance to enable businesses to thrive and scale in dynamic markets.
“With the supply chain disruptions of recent years, we’re seeing demand for software that empowers businesses to adapt to changes in the market with speed and confidence,” says Sujit Singh, Chief Operating Officer, Arkieva. “Being selected for this competitive list is further proof that our solutions enable businesses to leverage supply chain technology to drive transformation and better serve their customers.”
This year’s top 100 technology providers emerged from a crowded, competitive field of over 400 candidates. The list highlights a wide variety of offerings, from supply chain technology staples like transportation management systems and warehouse management systems to emerging technologies like AI and robotics.
Arkieva also made the 2024 edition of the top 100 list, recognizing the company’s simple, intuitive solutions that provide powerful, data-driven analytics to help inform strategic and tactical supply chain decisions for businesses in industries like food and beverage, manufacturing, wholesale and more. Arkieva solutions handle supply chain planning and scheduling for companies like Wells Enterprises, Tata Consumer Products, PGP Glass and more.
About Arkieva For more than 30 years, Arkieva has helped global enterprises drive business transformation through improved supply chain processes. The company’s demand, inventory, supply and integrated business planning solutions increase growth and profits, and provide the agility and efficiency needed to respond to an ever-changing supply chain environment. Our approach combines strategic consultation, powerful software technologies and iterative implementation to deliver scalable solutions tailored to the complexities of each customer’s operations. Arkieva’s culture of innovation keeps customers like Continental Foods, Linde and Owens Corning at the forefront of supply chain planning.
Arkieva is headquartered in Wilmington, Delaware USA with offices in Antwerp, Belgium and Mangalore, India. For more information, visit www.arkieva.com.
ASHBURN, Va., May 6, 2025 /PRNewswire/ — DXC Technology, a leading Fortune 500 global technology services provider, today announced that its suite of DXC Assure SaaS insurance solutions is now available in AWS Marketplace, a digital catalog that helps you find, buy, deploy, and manage software, data products, and professional services from thousands of vendors. The availability of DXC Assure SaaS insurance solutions in AWS Marketplace streamlines the purchase and management of DXC solutions for AWS customers.
“Making our insurance solutions available in AWS Marketplace demonstrates our commitment to meeting our customers wherever they are on their digital transformation journeys and delivering business value at every step along the way,” said Ray August, President, Insurance Software & Business Process Services (ISB) for DXC. “By leveraging AWS, DXC continues to help insurers drive operational efficiencies, enhance security, and improve customers’ experiences.”
The initial solutions now available in AWS Marketplace include the DXC Assure Platform, DXC Assure BPM (powered by ServiceNow), DXC Assure Life+, DXC Assure Claims, DXC Assure Legal, and DXC Assure Legal Insights, with additional releases expected throughout 2025. These solutions allow insurers to leverage AI-powered tools for claims management, litigation, business process automation, and full-spectrum life and annuity insurance workflows.
DXC and AWS share a longstanding history in the insurance sector, with over 30 million policies managed by DXC software built on AWS. The availability of DXC’s Assure SaaS insurance solutions in AWS Marketplace marks a new milestone in this collaboration, one that has already supported major transformations for global insurers. To date, the collaboration has led to over 200 DXC customer migrations to AWS.
As the leading provider of core insurance systems, DXC continues to innovate, helping insurers reduce complexity and costs across the 13 million policies it administers. With over 40 years of industry expertise, DXC is the trusted partner of choice for 80% of the insurers listed in Fortune’s Global 500. To learn more, visit DXC Insurance Software & BPS.
About DXC Technology DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
FOSTER CITY, Calif., May 6, 2025 /PRNewswire/ — Sycomp A Technology Company, Inc., announced today the expansion of its global operations with new locations in Germany, Iceland, Nigeria, Saudi Arabia, Spain, Sri Lanka and Uruguay. Concurrently, the company increased its warehouse capacity in the United States and Asia by more than 50 percent. With this expansion, Sycomp operates in 54 countries and has successfully deployed global IT projects in more than 150 countries supporting multi-national organizations and leading technology providers and original equipment manufacturers (OEMs).
“In the last five years, Sycomp has more than doubled its operations and opened new locations to strategically support our customers and partners around the world,” said Michael Symons, CEO, Sycomp. “Our continued expansion efforts allow us to provide our customers with global IT solutions while helping them navigate the complexities of foreign exchange and IT supply chain logistics.”
Sycomp celebrated its 30th anniversary in 2024 and has grown the business organically, transitioning from a regional IT reseller to one of the top global IT solutions providers. In addition to global expansion efforts, Sycomp has invested in growing its services practice with new offerings in artificial intelligence (AI), custom software and development, and managed services for infrastructure and endpoint lifecycle management, with continued investments in its eight Integration Centers (ICs).
About Sycomp A Technology Company, Inc. Sycomp is a global IT services and logistics provider with extensive expertise in cloud, data center, endpoint management and security solutions. Sycomp’s diverse team of consultants and engineers deliver on the company’s mission to tackle challenging global IT projects through its state-of-the-art integration and warehouse centers and global technology partnerships. Headquartered in the heart of Silicon Valley, California, Sycomp has successfully shipped, deployed and managed complex IT projects and supporting assets in more than 150 countries helping its Fortune 500 customers and global partners realize a world without boundaries. Visit sycomp.com for more information.
NEW YORK, May 6, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.
Kristen Scholer delivers the pre-market update on May 6th
Stocks are looking at fractional losses early Tuesday as the Federal Reserve begins its two-day policy meeting. Markets anticipate that the central bank will keep rates steady when it delivers its decision.
Treasury Secretary Scott Bessent told CNBC Monday that the U.S. is very close to new trade deals. According to Bloomberg, India has proposed zero tariffs on certain goods.
Semiconductors, advanced-micro devices, and super-microcomputer, once high-flying portions of the market, will report earnings after the close.
Opening Bell UConn Women’s Basketball celebrates their 12th National Championship
Closing Bell Ametek Inc. (NYSE: AME) celebrates its 95th anniversary as a public company
DUBAI, UAE, May 6, 2025 /PRNewswire/ — GameChange Solar, a leading global supplier of solar tracker and fixed-tilt racking technology, today announced that it has surpassed 3.6 GW of tracker projects (installed and under deployment) across Middle East & North Africa (MENA) and Central Asia.
This portfolio spans key markets including Egypt (3 GW), and Uzbekistan (600 MW), with projects located in challenging environments such as desert terrains, high-wind zones, and remote, logistically complex sites. GameChange Solar’s Genius Tracker™ system, designed for speed, wind resilience, and terrain adaptability, has delivered consistently across these demanding conditions.
The company is also actively expanding its presence in the Middle East, with a growing pipeline in Saudi Arabia and the United Arab Emirates – two markets that form a core part of its regional strategy.
“Our presence across MENA and Central Asia is shaped by long-term partnerships and a clear understanding of what it takes to deliver infrastructure at scale in this region. Every project comes with its own complexity, but the fundamentals remain the same: reliability, responsiveness, and alignment with our customers’ long-term goals. That is what we’ve built our approach on, and that is what will continue to guide us as we grow,” said Vikas Bansal, President – International at GameChange Solar.
For more information about GameChange Solar and its solar tracking solutions, visit www.gamechangesolar.com.
About GameChange Solar
GameChange is the third largest global provider of solar tracker solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. We have delivered over 43 GW of solar tracker and fixed tilt systems that combine fast installation, bankable quality, and unbeatable value through superior engineering, innovative design, and high-volume manufacturing. Our products enable solar panels at power plants to follow the sun’s movement across the sky and optimize plant performance while protecting the array from damaging weather conditions.
LONDON, May 6, 2025 /PRNewswire/ — Driven by the growing demand for seamless connectivity and 5G readiness, the Distributed Antenna System (DAS) and Distributed Radio System (DRS) market is shifting toward more intelligent, scalable solutions tailored to diverse enterprise environments. The new competitive ranking by global technology intelligence firm ABI Research assesses the top nine DAS/DRS vendors, analyzed through various criteria including scalability, ease of deployment, and commercial success.
“The assessment focused on 10 criteria across two major segments: innovation and implementation. The innovation criteria analyzed scalability, R&D and technology leadership, sustainability, ease of deployment and integration, as well as cellular backward compatibility and futureproofing. The implementation criteria examined each vendor’s commercial success, geographical reach, vertical market coverage, financial and organizational health, and the depth and breadth of their DAS/DRS portfolio,” explains Samuel Bowling, Research Analyst at ABI Research.
Ericsson leads the DAS/DRS market with its Radio Dot solution, which offers a highly adaptive, software-driven platform that is fully integrated into its broader 5G ecosystem. The introduction of the Combined Cell feature, which merges multiple RUs into a single cell, enhances capacity through remote software updates. This provides operators with a more cost-effective and flexible way to achieve seamless coverage and centralized control. Continued shipment growth across the Middle East and Africa further demonstrates Ericsson’s expanding geographical reach and reinforces its strong position in the global DAS/DRS market. Nokia follows with its ReefShark-powered offering, standing out through energy-efficient silicon and modular design. Its strength lies in supporting private wireless and industrial use cases, where flexibility and performance are critical. ANDREW, through its Mosaic platform, ranks third thanks to its engineering depth and modularity. Designed for complex venues like stadiums and airports, Mosaic provides tailored coverage for both public safety and commercial needs. Huawei’s LampSite completes the leaders category with strong indoor performance, AI-driven optimization, and multi-band capabilities. Despite global market pressures, its end-to-end integration and strong regional presence continue to drive adoption.
Comba excels in sustainable DAS/DRS innovation, prominent in Asia and expanding in EMEA. Its compact, energy-efficient solutions are ideal for eco-conscious markets and dense urban areas. Corning leads with robust vertical market penetration, especially in healthcare, education, and enterprise sectors. Renowned for fiber innovation and reliable in-building connectivity, Corning offers scalable DAS solutions globally, and it is known for durability and service quality in critical deployments.
Despite follower status, JMA Wireless, SOLiD, and Wilson Connectivity each have unique strengths in DAS/DRS. JMA Wireless boasts a global footprint with deployments across diverse markets, offering sustainable solutions like the FUZE DRS with a compact design and centralized battery backup. SOLiD is noted for financial health and a mature DAS/DRS portfolio, trusted in public safety and commercial applications. Wilson Connectivity provides high-performance DAS systems supporting wide signal bands, facilitating scalable enterprise capacity without major infrastructure changes.
“As the DAS and DRS market evolves to meet the rising demands of 5G and private networks, particularly in indoor environments, the need for intelligent and future-ready solutions has never been greater,” Bowling concludes. “This competitive ranking recognizes the vendors pushing the boundaries of distributed connectivity, delivering seamless coverage while improving operational performance and preparing networks for what’s next on a global scale.”
These findings are from ABI Research’s DAS/DRS Vendors competitive ranking. This report is part of the company’s 5G, 6G, & Open RAN 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.
SpreeAI celebrates a $1.5 billion valuation as it prepares for groundbreaking partnerships and game-changing innovation.
NEW YORK, May 6, 2025 /PRNewswire/ — SpreeAI, a leader in fashion tech innovation, is transforming retail with its photorealistic try-on product so lifelike the naked eye can’t tell it’s virtual. Combined with sizing technology boasting 99% accuracy, SpreeAI delivers hyper-personalized shopping experiences that enhance both retail companies’ operations and consumers’ satisfaction. Designed for seamless use both in-store and online, SpreeAI is reshaping shopping by merging advanced AI with real-world applications.
For consumers, SpreeAI adds an unparalleled level of personalization, allowing shoppers to become the model and visualize clothing in a lifelike, photorealistic way. Packed with upcoming features like an AI stylist, a virtual wardrobe, and more, SpreeAI creates a dynamic and engaging shopping experience. For retailers, SpreeAI is engineered to reduce returns and boost sales conversions, offering a transformative solution for the fashion industry.
Visionary Leadership Drives $1.5B Valuation
Led by visionary Co-founder and CEO John Imah, SpreeAI’s board is bolstered by legendary supermodel and fashion icon Naomi Campbell, alongside entrepreneurs Bob Davidson and Larry Ruvo. Having one of the world’s most recognized fashion figures on the board underscores SpreeAI’s fusion of high-fashion insight with cutting-edge tech. The company recently achieved a $1.5 billion valuation after an undisclosed funding round led by The Davidson Group, a prominent family office known for supporting groundbreaking ventures. This milestone valuation reflects the market’s confidence in SpreeAI’s mission and its rapid growth at the intersection of technology and style.
“It’s inspiring to be part of SpreeAI’s transformative journey under John’s visionary leadership. I’ve always believed in pushing boundaries and embracing innovation, and seeing John’s passion and determination firsthand makes me even more excited about the future we’re creating together. SpreeAI represents the powerful fusion of fashion, technology, and inclusivity—and I’m thrilled to be on this groundbreaking path.”
— Naomi Campbell, Fashion Icon and SpreeAI Board Member
Academic and Industry Alliances Fuel Innovation
Exclusive collaborations with the Massachusetts Institute of Technology (MIT) and Carnegie Mellon University across research initiatives, talent development, and technical collaboration drive SpreeAI’s deep commitment to innovation. Additionally, SpreeAI’s partnership with the Council of Fashion Designers of America (CFDA) further solidifies its intersection between advanced technology and high-fashion expertise. These prestigious alliances enable the company to lead the industry with unmatched solutions. With 4 issued patents and 23 pending, SpreeAI safeguards its proprietary technology, ensuring its position as a frontrunner in the competitive retail tech market. This foundation of innovation is further supported by internal initiatives like Protea—a platform that helps retail partners integrate and test SpreeAI’s solutions—empowering brands to enhance operational efficiency and customer experiences.
“The CFDA is proud to collaborate with SpreeAI, a fashion technology leader delivering innovative solutions to help designers and brands thrive in the fashion industry.”
— Steven Kolb, CEO, Council of Fashion Designers of America (CFDA)
“SpreeAI’s partnership with the EECS Alliance exemplifies the kind of forward-thinking collaboration we strive for—bringing together industry innovation and academic excellence. Their active involvement, including providing impactful internship opportunities, has opened up exciting pathways for our students while supporting research and real-world application in the AI space. We’re proud to support SpreeAI as they continue to grow and lead in this evolving field.”
— Priscilla Capistrano, Program Manager at Massachusetts Institute of Technology (MIT)
“AI is poised to revolutionize many things including e-commerce. SpreeAI is pushing the forefront of this for a truly personalized garment-shopping experience, by leveraging collaborations with academia and assembling a team that understands both the deep technical challenges and their product impact.”
— Professor Deva Ramanan, Robotics Institute at Carnegie Mellon University (CMU)
Fashion Collaborations & Met Gala Spotlight
2025 is set to be a transformative year for SpreeAI, with major retail and luxury brand partnerships and new product features on the horizon. As part of this momentum, SpreeAI is announcing new partnerships with luxury fashion label Sergio Hudson and London-based contemporary womenswear brand Kai Collective. The timing of these collaborations coincides with a cultural moment: the 2025 Met Gala’s theme, “Superfine: Tailoring Black Style,” which honors Black designers. Both Sergio Hudson and Kai Collective’s founder Fisayo Longe are celebrated Black designers at the forefront of fashion innovation. John Imah will attend the Met Gala as the first-ever fashion tech in AI startup CEO invited, underscoring SpreeAI’s prominent role in the fashion world and its commitment to celebrating the creative visionaries who inspire its technology.
You can now experience SpreeAI’s technology firsthand by visiting Sergio Hudson’s website at sergiohudson.com.
“We’re thrilled to partner with SpreeAI and aim to create a personalized experience for Sergio Hudson and drive increased sales.”
— Sergio Hudson, Founder & Creative Director
“At Kai Collective, we’re always looking for ways to fuse innovation with storytelling. Collaborating with SpreeAI allows us to explore how technology can elevate the customer experience while staying true to our brand’s identity and values.”
— Fisayo Longe, Founder & CEO of Kai Collective
These designer partnerships exemplify how SpreeAI’s technology unites with creative vision to redefine customer engagement. And SpreeAI isn’t stopping here – the company has hinted that even more collaborations with major luxury fashion houses are on the way. By keeping details under wraps, SpreeAI is fueling a buzz of excitement and industry-wide anticipation for what’s coming next.
“Our approach will always be customer-focused—that means both the retail partners and the consumers we serve,” said John Imah, Co-founder and CEO of SpreeAI. “We don’t just look at the shopping landscape; we reimagine it. Whether it’s in-store or online, we step back and ask how AI can transform real-world challenges into seamless, exciting experiences. This mindset drives us forward as we continue shaping the future of retail and fashion with AI, blending innovation with personalization to empower and inspire. The possibilities are limitless, and we’re just getting started.”
SpreeAI is transforming the shopping experience with its photorealistic try-on product and 99%-accurate sizing technology, designed to enhance both retail operations and consumer satisfaction. For shoppers, SpreeAI offers unmatched personalization, enabling them to become the model while introducing features like an AI stylist, a virtual wardrobe, and more. For retailers, SpreeAI reduces returns, increases sales conversions, and creates seamless shopping experiences. Its product integrates effortlessly into both in-store and online environments, promoting sustainability and setting new standards for retail.
About John Imah
John Imah is a visionary leader at the forefront of technology and fashion. As a Nigerian American and first-generation immigrant, John brings innovation and diversity to the tech industry. Under his leadership, SpreeAI has achieved a $1.5 billion valuation, cementing its role as a transformative force in AI-powered retail.
John’s career includes leadership roles at Samsung, Twitch, Amazon, Meta, Take-Two Interactive, and Snap Inc., where he implemented strategies that drove impactful growth. A member of the Council of Fashion Designers of America (CFDA), John seamlessly combines his expertise in tech and fashion to deliver groundbreaking solutions.
As a successful entrepreneur and creative, John’s influence extends beyond business into design, music, and philanthropy, including initiatives like serving as a strategic advisor to the Davidson Academy—a pioneering school dedicated to providing profoundly gifted students with educational opportunities tailored to their unique abilities, strengths, and interests. His involvement with the Academy is deeply personal, rooted in his own experiences as a profoundly gifted child. By actively mentoring students, funding scholarships, and supporting charitable initiatives, John blends professional success with a genuine commitment to empowering gifted youth and uplifting underserved communities, ensuring his legacy is defined not only by innovation but by authentic and meaningful impact.