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Lightstorm Completes Integration of RTI Cables’ assets to Strengthen Data Center Connectivity in Asia, Australia, and the US

SINGAPORE, May 5, 2025 /PRNewswire/ — Lightstorm, a leading provider of digital network infrastructure connectivity solutions headquartered in Singapore, announces the successful integration of the assets acquired from RTI Cables, further enhancing its global subsea and terrestrial network. With over 75 Tbps of capacity, connectivity across 25+ data centers, and coverage in 7 key marketsTokyo, Sydney, Brisbane, Guam, Hawaii, Los Angeles, and Singapore—Lightstorm is redefining the high-performance data center connectivity platform for hyperscalers, cloud providers, and enterprises.

These 21,000 km of subsea cable systems form the backbone of a high-capacity, low-latency infrastructure that enables seamless interconnectivity for global enterprises. The network offers industry-leading latency performance, with the fastest Tokyo-to-Sydney route spanning 9,700 km at just 97 milliseconds, and the most versatile Australia-to-US path via Guam and Hawaii covering 14,500 km in 109 milliseconds. Additionally, through a strategic partner network, this expansion includes the only direct Singapore-to-US route bypassing the South China Sea, ensuring enhanced security and resilience for global enterprises.

“The demand for high-speed, low-latency, and scalable connectivity solutions has never been greater. With the integration of RTI Cables, we are elevating our capabilities to support the next phase of digital transformation for global AI, cloud and enterprise players,” said Amajit Gupta, Group CEO & MD, Lightstorm. “This move is not just about expanding our reach—it’s about redefining the standards of connectivity for hyperscalers, enterprises, and OTTs looking for agile, intelligent, and high-capacity solutions across the Asia-Pacific and beyond.”

By integrating these subsea assets into its platform, Lightstorm now provides connectivity to 250+ data centers (including 120+ on-net locations) across 14 countries (7 on-net) and has deployed 1,500 Tbps of capacity across its terrestrial and subsea network. This expanded footprint delivers unparalleled reliability, performance, and reach, positioning Lightstorm to power the next era of AI adoption, cloud growth, and digital enterprise expansion in an increasingly connected world.

About Lightstorm 

Lightstorm is a pioneer in providing cutting-edge digital network infrastructure solutions across the Asia-Pacific region. Lightstorm cater to the dynamic needs of Hyperscalers, cloud-native companies, and large enterprises through our innovative network solutions. Our mission is to empower businesses with resilient, secure, and scalable connectivity, ensuring seamless integration and interoperability across various cloud and data centre environments.

For media queries, please contact lightstorm@preciouscomms.com 

OneRoyal Partners with Football Legend Diego Forlán as Brand Ambassador

Global broker OneRoyal announces an exciting partnership with Diego Forlán, one of football’s most respected figures, as its official brand ambassador.

MANILA, Philippines, May 5, 2025 /PRNewswire/ — OneRoyal, a leading financial trading company providing online investment solutions, has teamed up with Uruguayan football icon Diego Forlán to enhance its global brand presence. This collaboration marks a significant milestone for OneRoyal as it aligns with one of football’s most celebrated players, known for his skill, leadership, and commitment to excellence.

Diego Forlan
Diego Forlan

Diego Forlán, a former striker renowned for his stunning performances on the international stage, has had a distinguished career spanning top clubs such as Manchester United, Villarreal, and Atlético Madrid. As a two-time winner of the European Golden Boot and the Best Player of the 2010 FIFA World Cup, Forlán embodies dedication, resilience, and success. Values that strongly resonate with OneRoyal’s mission to empower traders worldwide.

“I am thrilled to join forces with OneRoyal, a company that stands for ambition and excellence,” said Diego Forlán. “Just as in football, where strategy and skill determine success, the financial markets require knowledge and precision. I look forward to inspiring traders to make informed decisions and reach their financial goals with OneRoyal.”

Through this partnership, Forlán will play a key role in OneRoyal’s global marketing campaigns, appearing in various promotional materials, digital content, global expos, and brand initiatives aimed at educating and engaging traders worldwide. His influence will further solidify OneRoyal’s presence in the competitive trading industry, connecting sports fans and investors alike.

“OneRoyal is honored to welcome football royalty, Diego Forlán to our family,” said Rayan Al-Annan, CEO of OneRoyal. “His commitment to excellence, discipline, and success reflects our approach to financial trading. We believe this collaboration will inspire our global community of traders to strive for greatness, just as Forlán did in his athletic career.”

As a brand ambassador, Forlán will also engage with OneRoyal’s global audience through exclusive content, educational initiatives, and appearances at key industry events. This partnership underscores OneRoyal’s dedication to empowering traders with the tools, insights, and inspiration needed to navigate financial markets effectively.

About OneRoyal

OneRoyal is a premier financial trading platform that provides investors with seamless access to global markets through innovative trading solutions. With a commitment to transparency, security, and excellence, OneRoyal offers a wide range of trading instruments, including forex, commodities, indices, and CFDs, ensuring that both novice and experienced traders can maximize their investment potential.

Established with the vision of democratizing access to financial markets, OneRoyal continues to expand its global footprint while delivering cutting-edge technology, expert market analysis, and superior customer service.

For more information about OneRoyal and its partnership with Diego Forlán, visit www.oneroyal.com.

Risk Disclaimer: This information is for educational purposes only and does not constitute investment advice. Financial markets involve risks, and past performance is not indicative of future results. Always conduct your own research and seek professional advice before making investment decisions.

Risk Warning: High-risk investments may lead to total capital loss.

ForwardX Robotics to Showcase Latest AMR Solutions at Automate 2025

Redefining Material Handling with Intelligence and Scale

BEIJING, May 5, 2025 /PRNewswire/ — ForwardX Robotics, a global leader in vision-based Autonomous Mobile Robots (AMRs), is proud to announce its participation in Automate 2025, North America’s premier automation technology event. Taking place from May 12–15 at Huntington Place, Detroit, ForwardX invites attendees to visit Booth #5632 for an exclusive experience of the most advanced AMR technology transforming manufacturing and logistics worldwide.

ForwardX Robotics to Demonstrate Scalable AMR Solutions at Automate 2025, Powering Smart Manufacturing, Intelligent Intralogistics, and Flexible Material Handling Across Automotive and Industrial Applications
ForwardX Robotics to Demonstrate Scalable AMR Solutions at Automate 2025, Powering Smart Manufacturing, Intelligent Intralogistics, and Flexible Material Handling Across Automotive and Industrial Applications

A Unified Platform. Infinite Possibilities.

At Automate 2025, ForwardX will debut its latest breakthroughs under the theme: “One Software for Every Move”. With OmniFleet, ForwardX offers an end-to-end material handling suite that orchestrates hundreds of robots with precision, flexibility, and intelligence. From raw material handling to finished goods delivery, OmniFleet enables seamless automation across every stage of the production and logistics journey.

Booth Highlights: Live Demos Across Multiple Use Cases

Attendees will witness how ForwardX’s solutions are already powering automotive OEMs, Tier 1 suppliers, and leading manufacturers in sectors such as electronics, consumer goods, and industrial equipment.
Key live demos include:

  • Apex 1500-L: Streamlining pallet recycling, palletizing, depalletizing, and high-volume inbound/outbound handling.
  • Max 1500-L: High-capacity transport of ultra-large racks with horizontal flow optimization.
  • Flex Series: Navigating tight 39-inch aisles with unmatched agility and omnidirectional rotation.
  • Lynx O1500: Featuring precision docking with rail-based racks, ideal for automated component delivery in high-mix, high-throughput environments.

Engage with Industry Leaders – One-on-One with Our CEO

ForwardX invites decision-makers and partners to schedule a one-on-one meeting with our Founder & CEO Nicolas Chee and global sales experts to explore tailored automation strategies for their operations. Gain insights into deployment best practices, ROI modeling, and how ForwardX can future-proof your intralogistics operations.

Book Your Meeting Now: https://calendly.com/zhaojingqi-forwardx/one-on-one-meeting-with-forwardx-ceo-nicolas-chee 

Why ForwardX?

With the world’s largest single-site deployment of over 435 AMRs at an OEM automotive factory, ForwardX is redefining how smart factories scale material handling across OEM and Tier 1 production environments. Our unmatched vision-based navigation, global support infrastructure, and rapid deployment model make us the go-to AMR partner for enterprises seeking automation at scale. Backed by years of R&D and global client success stories, ForwardX is not only innovating—but delivering.

ForwardX @ Automate 2025

Booth: #5632

Dates: May 12–15, 2025

Location: Huntington Place, 1 Washington Blvd, Detroit, MI 48226, USA

About ForwardX Robotics

ForwardX Robotics is a global leader in vision-based Autonomous Mobile Robot (AMR) solutions, focused on transforming warehouse and factory automation. With deployments across 5 continents, ForwardX empowers global manufacturers and logistics providers to achieve operational excellence through advanced computer vision, intelligent fleet orchestration, and adaptable robotics.

With offices in the US, Japan, Korea, and China, along with partnerships around the globe, ForwardX is expanding and applying its proven solutions to empower the workforce of tomorrow.

For more information, please visit www.forwardx.com

Bybit Spread Trading: An Innovative Product to Streamline Advanced Trading Strategies

DUBAI, UAE, May 5, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the launch of Spread Trading. This new trading functionality streamlines the previously more manual technical crypto trading environment — enabling crypto traders to access markets faster and at lower cost — now available via Bybit’s intuitive platform.

As uncertainty becomes a constant theme in financial markets, and ongoing price fluctuations test traders’ risk appetite, Bybit’s Spread Trading offers a timely solution for investors seeking to capitalize on price differences between corresponding crypto assets, without the previously heavier risk management and markets access complexities traditionally associated with such trading crypto strategies.

Spread trading comes with a wide range of benefits on Bybit: 

  • Guaranteed Spread Execution: The entry spread exactly matches the order price set by the user, eliminating slippage concerns.
  • Precise Execution: Both positions are filled simultaneously or not at all, removing the “leg risk” of incomplete trades.
  • Risk Hedging: Offsetting market swings by taking opposite positions in correlated assets.
  • Strategic Flexibility: Diversifying strategies including Funding Rate Arbitrage, Futures Spread, Carry Trade, or Perpetual Basis trading.
  • Lower Costs: The feature stands to save traders 50% of the fees compared to placing separate orders manually.

What is Spread Trading

Spread trading  is a strategy where traders simultaneously buy one crypto asset while selling another related one, allowing them to profit from the price difference (spread) between them rather than from overall market direction. Bybit simplifies the process by combining both trades into a single transaction and precise entry points, eliminating timing risks and execution issues.

The strategy works by pairing related instruments, such as Spot and Perpetual contracts, or two different Expiry contracts, in equal but opposite positions, creating a delta-neutral approach that protects traders from broad market volatility. 

Bybit’s Spread Trading feature currently supports four trading combinations: Expiry & Expiry contracts, Expiry & Perpetual contracts, Expiry & Spot markets, and Perpetual & Spot markets. The service is available for BTC, ETH, and SOL with plans to expand to additional digital assets.

Bybit users may now power up their trades and ride the highs and lows of the crypto markets with ease. Terms and conditions apply. To find out more about the feature and how it works, users may visit: How to Get Started With Spread Trading

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord  | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Genezen and Optieum Biotechnologies Partner to Support cGMP Manufacturing of Groundbreaking CAR-T Therapy for Glioblastoma

Collaboration supports manufacture of the OPTF01 product to Drive Next-Generation Chimeric Antigen Receptor T Cell (CAR-T) Development

INDIANAPOLIS and EHIME, Japan, May 5, 2025 /PRNewswire/ — Genezen, a leading viral vector Contract Development and Manufacturing Organization (CDMO), and Optieum Biotechnologies, Inc. (Optieum), a preclinical stage company dedicated to the discovery and development of innovative CAR-T cell therapies, today announced a partnership for cGMP manufacturing of the lentiviral vector (LVV) construct used in the production of OPTF01, a novel CAR-T therapy for glioblastoma treatment.

Derived from Optieum’s proprietary Eumbody System, OPTF01 specifically targets Fibroblast activation protein-alpha (FAPα), a protein expressed on both tumor cells and the surrounding pericytes and Cancer-associated Fibroblasts (CAFs). Hence, OPTF01 can potentially disrupt the immunosuppressive microenvironment around the tumor while simultaneously attacking the malignant cells within the tumor. Successful development of this therapeutic approach would address a critical unmet medical need for patients with refractory glioblastoma who currently face limited treatment options with poor prognoses, as well as various other solid tumor indications.

Under this collaboration, Genezen will provide the technology transfer, process development, and cGMP manufacturing of the LVV construct used in the onward production of the OPTF01 CAR-T product. “Genezen is honored to support Optieum’s best-in-class CAR-T programs with our best-in-class LVV expertise to bring these critical therapies to life,” said Steve Favaloro, Chairman and CEO of Genezen. “This collaboration with Optieum underscores our rich experience and the capabilities of both our people and state-of-the-art facilities to support customers on a global scale – now including a leading Japanese biotech.”

Shun Nishioka, CEO of Optieum added, “At Optieum, we are committed to redefining the future of CAR-T therapy through relentless innovation and scientific rigor. Partnering with Genezen’s team of experts ensures that critical materials for our groundbreaking therapies are manufactured to the highest standards, accelerating our progress toward delivering next-generation therapies for glioblastoma and other solid tumors.”

OPTF01 is derived from the Eumbody System, a proprietary platform representing a significant advancement in CAR-T cell therapy development. This platform leverages rapid and expansive functional screening to identify and optimize CAR constructs in unprecedented fashion. By dynamically harmonizing single-chain variable fragment (scFv) sequences to enhance the functional capabilities of T cells, the Eumbody System sets a new standard in CAR-T innovation.

About Genezen
Genezen is a best-in-class gene therapy CDMO with over a decade of experience and state-of-the-art viral vector manufacturing facilities. With capabilities to work across vector-modality – from concept to commercial – Genezen helps innovator companies deliver life-saving gene and cell therapies worldwide. With flexible and customer-centric programs, Genezen tailors its partnership-model approach to all sizes and stages of organizations, from academic institutions and seed-funded companies to large, multinational biopharma enterprises. For more information, please visit www.genezen.com and follow us on LinkedIn.

About Optieum Biotechnologies
Optieum Biotechnologies Inc. is a cutting-edge biotechnology company dedicated to engineering hope for patients through the development of next-generation CAR-T cell therapies. At the heart of Optieum’s innovation is its proprietary Eumbody System, a revolutionary platform that optimizes CAR constructs to unlock the full therapeutic potential of T cells by dynamically harmonizing CAR binding domains. This transformative platform has the potential to redefine CAR-T cell therapy, enabling the development of groundbreaking treatments for challenging diseases. For more information, visit http://www.optieumbio.com and follow us on LinkedIn.

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

 

NYSE Content Advisory: Pre-Market update + Warren Buffett to step down as Berkshire Hathaway CEO

NEW YORK, May 5, 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 5th

  • Warren Buffett told investors over the weekend at the company’s annual meeting that he is going to step down as CEO of Berkshire Hathaway (NYSE: BRK) at the end of this year. Buffet will remain as chairman with Greg Abel replacing him as CEO.
  • Stocks are pointing to a lower open early Monday after the S&P 500 extended its win streak Friday to the longest stretch of consecutive gains in just over two decades.
  • The Federal Reserve will deliver a decision on interest rates Wednesday and the central bank is expected to keep borrowing costs steady.

Opening Bell
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. (NYSE: VTMX) rings the Opening Bell

Closing Bell
Constellation Brand (NYSE: STZ) celebrates Cinco de Mayo

Watch NYSE TV Live every weekday 9:00-10:00am ET

Video – https://mma.prnewswire.com/media/2679374/NYSE_Market_Update_May_5.mp4

The products of Tianneng have received widespread attention

JAKARTA, Indonesia, May 5, 2025 /PRNewswire/ — Since entering the Indonesian market in 2023, Tianneng has continued to promote its localization strategy in Southeast Asia. In 2024, the company set up an office in Indonesia to build a local support system from channels, services to brand operations. This appearance in Indonesia is another important landing point for Tianneng to respond to the “Belt and Road” initiative and further strengthen its expansion into the south.

While continuously optimizing lead-acid batteries, Tianneng is also actively promoting the productization and large-scale application of lithium battery technology. The lithium battery solutions specially displayed at this exhibition have multiple advantages such as high energy density, lightweight design, excellent fast charging performance, and high safety, which can effectively meet users’ needs for battery life, charging efficiency and long life.

Tianneng said that in the future, it will accelerate the establishment of a channel network, after-sales system and local operation team in Indonesia, and continue to improve the product matrix based on market feedback, empowering regional partners in the form of “global capabilities + local practices” to jointly promote Indonesia’s green travel and energy transformation.

Beko successfully completes €125 million loan from Italian export credit agency SACE

  • 10-year loan strengthens capital structure and supports strategic development
  • Agreement enhances opportunities for Italian supply chain partnerships and economic cooperation

ISTANBUL, May 5, 2025 /PRNewswire/ — Beko, a leading global manufacturer of white goods, has secured a €125 million, 10-year push strategy loan with SACE, Italy’s export credit agency and insurance-finance group, fully owned by the Ministry of the Economy and Finance.

Beko_Sace_Loan_1
Beko_Sace_Loan_1

The agreement was formalized during a signing ceremony in Rome bringing together Fatih Kemal Ebiçlioğlu, Consumer Durables Group President of Koç Holding (the parent group of Beko); Barış Alparslan, Chief Financial Officer at Beko; and Alessandra Ricci, CEO at SACE. Their combined presence reinforced the shared commitment to strengthen economic cooperation.

This long-term financing strengthens Beko’s capital structure and enhances the company’s ability to pursue strategic growth. It also creates opportunity for future procurement from Italian suppliers, strengthening the European supply chain ecosystem and reflecting Beko’s commitment to long-term financial partnerships. This operation is part of SACE’s Push Strategy Program, which facilitates relationships between strategic foreign buyers and the Italian production system. In this context, Beko has committed to participating in business matching events with Italian companies to explore new commercial opportunities.

“This financing agreement with SACE represents an important milestone in Beko’s long-term strategy,” said Fatih Kemal Ebiçlioğlu, Consumer Durables Group President of Koç Holding. “It creates valuable opportunities for collaboration with other Italian partners and supports our commitment to developing our operational capabilities sustainably and responsibly.”

Barış Alparslan, Chief Financial Officer of Beko, commented: “This agreement provides important financial flexibility for our operations and reflects the confidence of leading global institutions in our long-term approach.”

Alessandra Ricci, CEO of SACE: “We are proud to initiate this collaboration with Beko, a globally recognized industrial leader and strategic partner for our production system. This operation is a concrete example of how SACE’s Push Strategy can create real opportunities for Italian businesses by promoting innovation and facilitating access to new value chains, in the complex global context.”

BNP Paribas and Deutsche Bank acted as mandated lead arrangers.

ABOUT BEKO 

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of over 50,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko became the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.6 billion Euros in 2024. Beko’s 30 R&D and Design Centers & Offices across the globe are home to over 2,300 researchers and hold more than 3,500 international registered patent applications to date. The company achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the sixth consecutive year (based on the results dated 22 November 2024) and has been included in the Dow Jones Sustainability Indices for the eighth consecutive year.** Beko’s vision is ‘Respecting the World, Respected Worldwide.’

www.bekocorporate.com 

*Licensee limited to certain jurisdictions.
 **The data presented belongs to Arçelik A.Ş., a parent company of Beko. 

ABOUT SACE

SACE is the insurance and financial group controlled by the Ministry of Economy and Finance, specializing in supporting the growth of Italian companies through a wide range of solutions to facilitate export and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 worldwide in target countries for Made in Italy products, SACE serves over 60 thousand companies, supporting their growth in Italy with a portfolio of insured operations and guaranteed investments of Euro 270 billion in around 200 foreign markets.

 

Beko_Sace_Loan_2
Beko_Sace_Loan_2