BOSTON, Jan. 29, 2025 /PRNewswire/ — Temu, a global e-commerce platform known for its commitment to quality and affordability, has significantly expanded its quality assurance program, increasing product testing through deepened collaborations with globally leading testing and compliance companies, including TÜV SÜD, TÜV Rheinland, SGS and Bureau Veritas.

Beginning operations in September 2022, Temu has gained popularity with consumers in 90 markets with its combination of quality and affordability. By deepening these partnerships, Temu aims to ensure the highest levels of product safety and compliance across its platform, reinforcing its dedication to consumer trust and safety.

“Consumer trust and safety are the cornerstones of our operations,” said a Temu spokesperson. “By partnering with esteemed organizations like TÜV SÜD, TÜV Rheinland, SGS and Bureau Veritas, we are taking proactive steps to ensure that all products on our platform meet rigorous international safety standards. These collaborations enhance our ability to deliver on our promise of quality and reliability.”

Through its partnerships with these globally recognized testing and certification providers, Temu is reinforcing its robust compliance framework.

Temu’s quality assurance system is multifaceted, encompassing:

• Rigorous Seller Vetting: All sellers undergo stringent onboarding processes to verify their commitment to safety and quality.
• Algorithmic and Manual Screening: Products are continuously monitored through advanced technology and manual checks.
• Spot Checks and Enforcement: Regular inspections and swift actions, including product removal and penalties, ensure adherence to standards.
•  Consumer Protection Measures: An effective notice-and-takedown process addresses potential violations swiftly and transparently.

About Temu

Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands, and business partners. Operating in 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives. Founded in 2022, Temu’s mission is to create an inclusive environment where consumers and businesses can thrive.

FAIRFIELD, N.J., Jan. 29, 2025 /PRNewswire/ — Peter Mayhew, Principal Analyst at Keypoint Intelligence, will deliver two dynamic presentations at the Remanexpo Academy, part of Ambiente 2025 at Messe Frankfurt. With over 40 years of industry experience, Mayhew is a leading authority on inkjet technologies, supplies, market trends, and sustainability. At Keypoint Intelligence, he specializes in research, market forecasting, and consulting for the digital imaging sector.

Mayhew’s sessions, part of the Remanexpo Academy lecture series, are scheduled for February 7th at 13:50 and February 9th at 14:00. Titled “Trends and Drivers: Considering the Impact of AI and Sustainability on the Office Printing Market,” these tactical presentations will explore how Artificial Intelligence (AI), sustainability initiatives, and digital transformation are reshaping the industry. Attendees will gain practical strategies to address declining page volumes, navigate regulatory challenges, and uncover new opportunities for growth.

“AI and sustainability are driving profound change in our industry,” commented Mayhew. “These sessions will help businesses adapt to these shifts and thrive in the evolving landscape.”
Remanexpo, being held in the Congress Centre at Messe Frankfurt, is the premier platform for OEM, remanufactured, and non-OEM office printing products. The event champions reuse and innovation, featuring new products, cutting-edge services, and the Remanexpo Academy, which keeps you ahead of industry trends.

To register for Remanexpo or to learn more about the Remanexpo Academy click here.

About Keypoint Intelligence:
For more than 60 years, clients in the digital imaging industry have relied on Keypoint Intelligence for independent hands-on testing, lab data, and extensive market research to drive their product and sales success. Keypoint Intelligence has been recognized as the industry’s most trusted resource for unbiased information, analysis, and awards due to decades of analyst experience.

About Remanexpo:
Remanexpo 2025 is the ultimate event for office imaging and remanufacturing professionals, spotlighting the latest innovations, new products, and forward-thinking services that champion AI, sustainability and reuse. Taking place at Frankfurt’s Congress Centre from February 7 to 11, 2025, the event offers complimentary access to industry professionals, providing an unparalleled opportunity to stay ahead of trends through the Remanexpo Academy and other insightful sessions.

• The LEGO Botanicals Le Florist Flower Truck is touring the globe, celebrating all forms of love— from soulmates and besties, to favourite colleagues and self-lovers—on the back of a 51%ⁱ surge in social media discussions around people feeling disconnected from their loved ones at the end of 2024.
• The Le Florist Flower Truck will be visiting New York, London, Toronto, Paris, Hamburg, Milan AND MORE.
• Visitors can enjoy quality with their loved ones at the FREE experience, including building workshops and interactive areas
• For those that can’t attend, celebrity florist and artistic director Jeff Leatham will host a LEGO Botanicals workshop on LEGO.com/Botanicals from 4^th February.

BILLUND, Denmark, Jan. 29, 2025 /PRNewswire/ — In an era where we are more digitally connected than ever, new data released today by the LEGO Group has revealed that our increased connectivity may be driving us further apart.

LEGO Botanicals Le Florist Truck Experience

With over 5 billionⁱⁱ people— representing 62.3% of the global population—using social media, and more than 3 billionⁱⁱⁱ on messaging apps, it’s no surprise that a survey found that 40%^iv of people now interact more with people through their devices than in the physical world.

When people replace real-world interaction with screen time, it has been found^v that feelings of disconnection increase and well-being declines. That’s why the LEGO Group is on a mission to help real-world relationships bloom this Valentine’s Day and beyond.

A Fresh Take on Love: The Le Florist Flower Truck
This Valentine’s Day, the LEGO Group is championing togetherness and the joy of play with its Le Florist Flower Truck, by inviting people to celebrate creativity, connection and care as it visits cities around the world.

A blooming florist shop on wheels, Le Florist bursts with colourful LEGO Botanicals flowers and is brimming with creativity. Visitors can dive into vibrant floral window displays, beautiful flower trollies, and free fun workshops to craft their own LEGO Botanicals stems. Playful selfie spots, including mirrored panels and a striking floral mural, offer picture-perfect backdrops to capture joyful moments and celebrate the beauty of connection – petal by petal.

At each stop, budding builders can join interactive workshops to create personalised stems, inspired by their loved ones.

Whether crafting a heartfelt gift for a soulmate, best friend, favourite colleague, or even for yourself, the Le Florist experience offers a hands-on way to express affection and appreciation.

It’s an invitation to step away from screens, embrace the joy of togetherness, and create a LEGO bouquet that never wilts—because real connections, like the LEGO Botanical creations, are built to last.

Kicking off its tour ahead of Valentine’s Day, the Le Florist experience stops in cities like New York, London, Toronto, Paris, Hamburg, and Milan — offering a chance to unplug, get creative with LEGO Botanicals, and let real connections bloom. Head over to LEGO.com/botanicals-truck-tour to see where other local Le Florist activations will bloom up near you!

Alexandra Zamfir, Marketing Lead on LEGO Botanicals said: “What is special about the LEGO Botanicals collection is that it is not only the perfect gift to surprise and delight your loved ones, but it’s also an opportunity for you to build and spend meaningful quality time together. Valentine’s Day is a moment to celebrate those important relationships in your life, especially when we’re feeling more disconnected than ever. We hope that people will join us aboard the Le Florist truck to come together and build long-lasting memories.”

Can’t Make It to the Truck? Unleash Your LEGO Botanicals Creativity with Jeff Leatham
From 4th February, the LEGO Group will be hosting a free online workshop to unleash your LEGO Botanicals creativity led by celebrity florist and artistic Director Jeff Leatham. This unique experience invites flower enthusiasts and LEGO fans alike to explore the vibrant and limitless possibilities of floral design through the innovative LEGO Botanicals collection.

With an enviable list of celebrity clients, Jeff has created stunning floral designs all over the World. Watch and build along with Jeff as he guides you in crafting three stunning LEGO Botanicals arrangements – a handheld bouquet, a botanical centrepiece, and a ‘showstopper’ floral arrangement. Whether you’re a seasoned LEGO enthusiast or new to the hobby, Jeff is sure to spark your imagination and inspire your next building project.

The workshop is open to everyone from 4^th February via LEGO.com/Botanicals, making it easy to build connections and creativity, wherever you are.

In addition, select LEGO Stores across AMS and EMEA will be hosting a Valentine’s Day-theme Make & Take between 7th – 13th February. See timings below and find out more at LEGO.com/Stores.

US, Canada:
Sunday 9 February 12:00 – 14:00
UK, Ireland, Denmark, The Netherlands, Sweden:
Saturday 8 February 10:00 – 12:00
Sunday 9 February 12:00 – 14:00
France:
Lyon, Lille, Clermont-F, So Ouest:
Friday 7 February 16:00 – 18:00
Saturday 8 February 11:00 – 13:00
Bordeaux, Forum de Halles, Nice:
Saturday 8 February 11:00 – 13:00
Sunday 9 February 11:00 – 13:00
Germany:
Wednesday 12 February 15:00 – 17:00
Thursday 13 February 15:00 – 17:00

About the LEGO Group:
The LEGO Group’s mission is to inspire and develop the builders of tomorrow through the power of play. The LEGO System in Play, with its foundation in LEGO bricks, allows children and fans to build and rebuild anything they can imagine.

The LEGO Group was founded in Billund, Denmark in 1932 by Ole Kirk Kristiansen, its name derived from the two Danish words LEg GOdt, which mean “Play Well”.

Today, the LEGO Group remains a family-owned company headquartered in Billund. Its products are now sold in more than 120 countries worldwide. For more information: www.LEGO.com

About LEGO Botanicals:
The LEGO Group launched its Botanical collection in 2021, with the introduction of the LEGO® Flower Bouquet and LEGO Bonsai Tree. The collection has since been expanded with more brick-based plants and flower arrangements, including the LEGO Orchid, LEGO Wildflower Bouquet, LEGO Icons Bouquet of Roses, LEGO Icons Tiny Plants, and more.

These buildable flower and plants sets are designed to symbolize connection through creativity, while the process of assembling these builds provides a mindful and meaningful experience, allowing builders to slow down, tap into their creativity, and savour moments of connection with loved ones.

About the Le Florist Flower Truck:
The Le Florist Flower Truck is an activation by the LEGO Group, designed to celebrate love and connection of all kinds, through the world of LEGO Botanicals endless creativity. It will be activated in cities around the world, including New York, Toronto, London, Paris, Milan, Hamburg, Amsterdam and more.

In London, the truck will be stationed  on the Covent Garden Piazza from Friday 7^th – Saturday 8^th February between 11am to 7pm, where visitors can enjoy free workshops to build their own LEGO Botanicals stems and experience a blooming display of colourful LEGO flowers.

In Paris, the truck will make its stop at Gare de l’Est between Friday 13^th – Saturday 14^th February, offering a playful space filled with vibrant floral window displays, beautiful flower trollies, and hands-on building experiences.

Visit, LEGO.com/botanicals-truck-tour to view where other Le Florist events and locations will bloom up near you.

Le Florist invites everyone to celebrate creativity, connection, and care — all while sharing joyful moments that are built to last.

Unleash Your LEGO Botanicals Creativity With Jeff Leatham:
Led by the celebrity florist and artistic director, Jeff Leatham, this eight-minute session will guide you in crafting three stunning LEGO Botanicals arrangements – a handheld bouquet, a botanical centrepiece, and a ‘showstopper’ floral arrangement. Whether you’re a seasoned LEGO enthusiast or new to the hobby, Jeff will spark your imagination and invite you into a world of everlasting blooms. To watch the video, please visit LEGO.com/Botanicals.

About Jeff Leatham:
Jeff Leatham is a renowned celebrity florist and Artistic Director. Known for his bold use of color and innovative designs, Leatham has been a leading figure in floral artistry since 1994. He was honored with the Chevalier de l’Ordre des Arts et des Lettres in 2014 for his contributions to French culture.

Leatham’s work is characterised by clean lines, strong colors, and a unique approach to floral arrangements, making him a sought-after talent for global events, weddings, and brand collaborations. His designs have been featured in prestigious venues and events worldwide, including the New York Botanical Garden’s Orchid Show.

He has published several books, including “The Art of the Flower,” and launched a fragrance line and floral delivery service. Leatham’s influence extends to collaborations with luxury brands and iconic installations, such as those at the Chateau De Versailles and MoMA.

With a distinctive style that blends contemporary art with floral design, Jeff Leatham continues to shape the industry and inspire with his creative vision.

Product Details for the four new LEGO® Botanicals Sets:

LEGO® Botanicals Pretty Pink Flower Bouquet

• Age: 18+
• Price: € 59.99/ $59.99 / £54,99
• Pieces: 749
• Product No.: 10342
• Dimensions – The set includes 749 pieces and flower lengths vary but, as a guide, the cymbidium orchids stand over 12.5 in. (32 cm) tall
• Available: January 1^st, 2025
• Link: www.LEGO.com/themes/adults-welcome/botanical-collection/artificial-flowers

LEGO® Botanicals Mini Orchid

• Age: 18+
• Price: €29.99/ $ 29.99 / £ 24,99
• Pieces: 274
• Product No.: 10343
• Dimensions – The LEGO® orchid has 274 pieces and stands over 10 in. (25 cm) tall
• Available: January 1^st, 2025
• Link: www.LEGO.com/themes/adults-welcome/botanical-collection/artificial-flowers

LEGO® Botanicals Lucky Bamboo

• Age: 18+
• Price: €29.99/ $ 29.99 / £ 24,99
• Pieces: 325
• Product No.: 10344
• Dimensions: This 325-piece set stands over 11 in. (29 cm) tall
• Available: January 1^st, 2025
• Link: www.LEGO.com/themes/adults-welcome/botanical-collection/artificial-flowers

LEGO® Botanicals Flower Arrangement

• Age: 18+
• Price: €109.99/ $ 109.99 / £ 94,99
• Pieces: 1,161
• Product No.: 10345
• Dimensions – Contains 1,161 pieces and measures over 12.5 in. (31 cm) wide
• Available: February 1st on LEGO.com

Data sources:

ⁱ Source: Forums, Reddit, Twitter: six-month period covering October 2023 – April 2024 to May 2024 – November 2024

ⁱⁱSource: Wearesocial.com

ⁱⁱⁱ Source: Spectrm

^iv Source: Deloitte Insights

^v Source: Psychology Today

LEGO Botanicals Le Florist Truck Experience

LEGO Botanicals Le Florist Truck Experience

LEGO Botanicals Le Florist Truck Experience

Hornetsecurity continuously adapts to emerging trends and threats, positioning itself as a proactive, forward-looking leader that anticipates and addresses the evolving needs of the EMEA market.

SAN ANTONIO, Jan. 29, 2025 /PRNewswire/ — Frost & Sullivan recently assessed the human risk management industry and, based on its findings, recognizes Hornetsecurity with the 2025 EMEA Company of the Year Award. The company’s Human Risk Management (HRM) platform exemplifies a forward-thinking approach to cybersecurity education. It integrates an AI-powered Security Awareness Service that delivers continuous, automated training tailored to each user’s behavior and risk profile. Through its innovative approach to training, Hornetsecurity addresses common HRM challenges, such as user fatigue and low engagement, by leveraging sophisticated phishing simulations and dynamic, on-demand micro-training sessions. The platform’s continuous content adjustment, which is based on user performance, ensures that training remains relevant, targeted, and impactful. Hornetsecurity’s HRM platform’s adaptability, AI-driven innovation, and consistent delivery of high-quality training ensure organizations remain protected in an ever-changing digital threat landscape. Hornetsecurity’s HRM solution delivers an outstanding customer experience at every stage of the journey, from the initial purchase experience to the long-term ownership experience.

Hornetsecurity directly addresses the often-unmet need for tailored, engaging cybersecurity education and demonstrates its commitment to implementing best-in-class practices that yield consistent, repeatable success. By continuously monitoring user behavior and adjusting training content accordingly, Hornetsecurity provides organizations with a clear, actionable metric to assess and enhance their human risk posture. The AI-driven user profiling engine adjusts the frequency, difficulty, and content of training to match each employee’s unique needs, effectively reducing training fatigue and improving long-term learning outcomes. Hornetsecurity’s ability to address unmet needs positions it as a visionary leader within the HRM landscape. By incorporating macro-level scenarios into its innovation strategy, such as increasing sophistication in phishing and social engineering tactics, Hornetsecurity has developed a robust, future-ready HRM solution that aligns closely with evolving cybersecurity megatrends. This foresight is critical in maintaining Hornetsecurity’s leadership position in the EMEA region—a market increasingly demanding high-caliber, resilient cybersecurity solutions.

High levels of satisfaction 
Claudio Stahnke, industry analyst for Frost & Sullivan, observed, “Hornetsecurity places customer satisfaction at the forefront of its approach. Organizations that implement Hornetsecurity’s HRM solution report high levels of satisfaction thanks to its ease of use, minimal administrative requirements, and automated phishing simulation campaigns.”

Hornetsecurity has established a strong brand reputation within the EMEA market. Customers perceive it as a trusted HRM provider and the company exhibits high brand loyalty due to the platform’s reliability, ease of use, and positive impact on organizational cybersecurity. By delivering consistent, repeatable value across multiple dimensions of customer impact, Hornetsecurity has built a loyal client base that continues to grow as more organizations recognize the importance of human-centric cybersecurity solutions. Hornetsecurity’s commitment to research and development further supports its growth and leadership position. By investing in dedicated R&D for adaptive training, Hornetsecurity continually refines its AI engine to detect, analyze, and respond to evolving threat landscapes. This emphasis on innovation ensures that Hornetsecurity’s HRM solution remains at the forefront of cybersecurity education, providing users with relevant, effective training that evolves alongside the latest cyber threats.

A transformative approach to cybersecurity 
“Hornetsecurity’s Human Risk Management platform embodies a transformative approach to cybersecurity that addresses the unique challenges of human-centric vulnerabilities. Through its AI-driven, adaptive security awareness service, Hornetsecurity has revolutionized how organizations approach cybersecurity education,” added Claudio. By providing continuous, tailored training that adapts to individual user behaviors, Hornetsecurity’s HRM solution empowers organizations to build a resilient cybersecurity culture that mitigates human risk effectively and sustainably. Hornetsecurity earns Frost & Sullivan’s 2025 EMEA Company of the Year Recognition for its strong overall performance in the HRM industry.

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Camila Tinajero
P: +54911 6713 2748
E: Camila.Tinajero@frost.com

About Hornetsecurity

Hornetsecurity is a leading global provider of next-generation cloud-based security, compliance, backup, and security awareness solutions that help companies and organizations of all sizes around the world. Its flagship product, 365 Total Protection, is the most comprehensive cloud security solution for Microsoft 365 on the market. Driven by innovation and cybersecurity excellence, Hornetsecurity is building a safer digital future and sustainable security cultures with its award-winning portfolio. Hornetsecurity operates in more than 120 countries through its international distribution network of 12,000+ channel partners and MSPs. Its premium services are used by more than 75,000 customers.

Media enquiries

Please contact us at press@hornetsecurity.com

TOKYO, Jan. 29, 2025 /PRNewswire/ — FRIENDSHIP. DAO has officially launched as a next-generation blockchain-based platform, transforming how independent artists and their supporters collaborate within the global music ecosystem. By integrating cutting-edge blockchain technology with artist services, FRIENDSHIP. DAO creates a dynamic ecosystem that fosters creativity, collaboration, and financial transparency.

Empowering Artists Worldwide

FRIENDSHIP.serves as a comprehensive music service for independent artists across the globe. The platform currently offers digital distribution services, enabling artists to share their music in over 180 countries. Beyond distribution, FRIENDSHIP. DAO actively supports artists by promoting their tracks on major music platforms and featuring them across various media outlets and social networks. Curators carefully select tracks to connect artists with listeners worldwide.

With the launch of FRIENDSHIP. DAO, the new platform introduces innovative features to further enhance the artistic journey:

* Dashboard: Access detailed statistics and insights about your music’s performance.
* Points: Visualize returns on your creative activities.
* Offers: Collaborate with professionals across disciplines.
* Community: Connect with like-minded creators and supporters.

These features empower artists to launch support projects beyond traditional music sales or merchandise, enabling collaborations for album production, music videos, cover designs, and even post-release concerts or festivals.

Early Access and Upcoming Apps

FRIENDSHIP. DAO is now available for early access at https://app.FRIENDSHIPdao.xyz/ja/signin, where users can begin exploring its groundbreaking features. In addition, iOS and Android apps will be released soon to make the platform even more accessible for artists and supporters worldwide.

Introduction video is here
https://youtu.be/_P74hJAaGOQ?si=Xg4mFXMWCH-B3TBT 

WENZHOU, China, Jan. 29, 2025 /PRNewswire/ — ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZK International” or the “Company”), a leading engineering Company focused on high-performance steel products, announces a 1-for-7 reverse split of its ordinary shares approved by the Company’s Board of Directors on January 14, 2025.

Beginning on January 31, 2025, the Company’s ordinary shares will begin trading on the NASDAQ Stock Market on an adjusted basis, reflecting the reverse stock split, under the exiting symbol “ZKIN”. The new CUSIP number for the ordinary shares following the reverse stock split will be G9892K209.

Upon effectiveness of the reverse stock split, every 7 shares of the Company’s issued and outstanding ordinary shares will automatically be converted into one share of issued and outstanding ordinary shares. No fractional shares will be issued as a result of the reverse stock split. Instead, any fractional shares that would have resulted from the split will be rounded up to the next whole number.

Registered shareholders holding their shares of ordinary shares in book-entry or through a bank, broker or other nominee form do not need to take any action in connection with the reverse stock split. Shareholders holding physical stock certificates will also generally receive book-entry shares instead of their existing certificates. The Company’s transfer agent, Securities Transfer Corporation, will send further instructions.

The reverse stock split is intended to increase the per share trading price of the Company’s ordinary shares to satisfy the $1.00 minimum bid price requirement for continued listing of the ordinary shares on the NASDAQ Stock Market. Following the reverse stock split, the Company’s 36,147,625 issued and outstanding shares of ordinary shares will amount to approximately 5,163,946 shares of ordinary shares issued and outstanding.

For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company’s SEC filings please visit www.sec.gov.

About ZK International Group Co., Ltd.:

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

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

Safe Harbor Statement 

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

NEW YORK, Jan. 29, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer 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 January 29th

• Federal reserve to announce first interest rate decision of 2025 today
• Markets anticipate rates to remain unchanged
• Fed Chair Jerome Powell to speak with reporters at 2:30 PM ET

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

Video – https://mma.prnasia.com/media2/2608748/NYSE_Jan_29_2025_Market_Update.mp4 

• Moove’s total global fleet now comprises 36,000 vehicles. 
• As part of its long term strategy to meet growing demand, Moove will order no fewer than 15,000 vehicles annually across all its markets. 
• The acquisition strengthens Moove’s ARR revenue to upwards of $275 Million (on a consolidated basis). 
• Moove’s presence now spans 19 cities across 6 continents, showcasing its scale and reach as a global mobility leader. 
• This acquisition strengthens Moove’s presence in LATAM, expanding its operational presence and economic impact in the region. 
• Kovi’s proprietary IoT software and driver behaviour algorithm will strengthen Moove’s AI mobility strategy. 

DUBAI, UAE, Jan. 29, 2025 /PRNewswire/ — Moove, a global leader in mobility with a vision to build the largest rideshare fleet and best-in-class technologies powering mobility platforms, has announced the acquisition of Kovi, an urban mobility provider headquartered in São Paulo. 

This strategic acquisition aligns with Moove’s commitment to advancing mobility and expanding its footprint in the rapidly growing Latin American market. Launched in 2020, Moove has built the third side of mobility marketplaces by providing dedicated supply via Drive-to-Own, Taxi, and Autonomous fleets and continues to lead the transformation of mobility globally. 

The acquisition increases Moove’s total global fleet to 36,000 vehicles and operations to 19 cities across 6 continents. It not only strengthens the company’s position as one of the world’s largest rideshare fleet operators, but incorporates Kovi’s proprietary IoT software and advanced driver behaviour algorithm, which complement Moove’s existing focus on safety and efficiency. These innovations will strengthen Moove’s AI mobility strategy, further advancing its position as a global leader in mobility and autonomous vehicle innovation, while also reinforcing its commitment to driving economic growth in Latin America. 

Founded in 2018, Kovi has established itself as a pioneering force in making car ownership more accessible and efficient through innovative technology and financial solutions. With a robust fleet and a strong presence in Brazil and Mexico, Kovi has demonstrated impressive growth since inception. Its innovative approach to driver support and its strong foothold in Brazil bring significant value to Moove’s global operations, strengthening its ability to expand into high growth markets and drive impactful change in mobility. 

Kovi’s data-driven approach to vehicle management and user experience will complement Moove’s existing capabilities, enabling the company to offer superior services to its customers. 

Ladi Delano, Co-Founder and Co-CEO of Moove, said: 

“Kovi has built an impressive business with a robust presence in Brazil, one of the most dynamic mobility markets in the world. We’re thrilled to welcome them to the Moove family. This transaction not only strengthens our footprint in Latin America and reinforces our position as a dominant player in global mobility, but it also underscores our commitment to contributing to the Brazilian economy. Kovi’s proprietary IoT software and advanced driver behaviour models complement our existing capabilities, supporting our focus on safety, efficiency, and innovation in AI mobility.” 

Adhemar Milani Neto, CEO of Kovi, said: 

“Today, we stand at the forefront of a new era in mobility, and we believe that Moove has done a fantastic job at scaling their business on a global scale and with the right strategic angles. I met the founders many years back when they were scaling their business in Africa, and I was immediately impressed by their purpose-driven approach, which is also a perfect match to our culture. Together, I believe we will become a truly global category-defining business and will leverage scale and deep expertise never seen in our market. We are also excited to continue our expansion across Latam now with robustness with such strong partners.” 

The completion of the transaction is subject to customary closing conditions, including approval from the Brazilian antitrust authority. 

About Moove 
Moove is building the world’s largest fleet and best-in-class technologies that power mobility platforms. Its flagship Drive-to-Own (DTO) product democratises access to vehicle ownership with a revolutionary revenue based financing model, enabling underserved mobility entrepreneurs to thrive. 

Moove’s growth has been fuelled by its global Uber partnership and support of leading investors and lenders, including Uber, Mubadala, BlackRock, MUFG, and many others. With operations now spanning 19 cities across 6 continents – Africa, Asia, Europe, North America, South America, and the Middle East –  Moove continues to expand its offerings through strategic acquisitions and partnerships with industry leaders, including Waymo and Uber. Moove is transforming mobility to make it safer, more efficient and accessible to all, while providing economic opportunities and supporting skills development in the mobility sector. 
 

Key Facts 

• Launched and scaled to 19 cities across 6 continents in 4 years, since 2020 launch 
• Over 100,000 lives positively impacted through job creation and mobility access 
• 36,000 vehicles in Moove’s global fleet  
• 50+ million trips completed in Moove-financed vehicles through its Uber partnership 
• $500+ million in combined equity and debt funding raised from world-class investors including Uber, Mubadala, BlackRock, Franklin Templeton, Janus Henderson, and IFC (World Bank) 
   

Media Contact 
moove@zenogroup.com