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Hong Kong Tech Companies Set Sights on Southeast Asia and Beyond at GITEX Asia 2025

15 Tech Companies Showcase AI, Telecommunications, and Green and Construction Tech at HKSTP Pavilion


HONG KONG SAR – Media OutReach Newswire – 16 April 2025 – The Hong Kong Science and Technology Parks Corporation (HKSTP) will lead a delegation of 15 innovative tech companies to GITEX Asia 2025, taking place from 23-25 April, 2025, at Marina Bay Sands in Singapore. The HKSTP Pavilion will highlight the breadth of HKSTP’s portfolio, including AI, telecommunications, and green and construction tech from 15 park companies. The Pavilion will also spotlight Hong Kong’s vibrant innovation ecosystem, showcasing market-ready solutions poised to make waves in Southeast Asia.

HKSTP: Gateway to Global Success

HKSTP is a trusted partner for tech companies scaling internationally, offering end-to-end support from research and development to commercialisation and market entry. For the Southeast Asian I&T community, HKSTP offers a proven springboard to refine their offerings, secure funding, and expand regionally – including access to the vast Mainland China market through Hong Kong’s unique position as a gateway to China. By leveraging this strategic edge, HKSTP equips tech companies with resources, including networking opportunities, and tailored support to navigate the complexities of regional markets amidst economic shifts.

A group of innovative companies from HKSTP are gearing up to participate in the prestigious Supernova Pitch Competition at GITEX Asia. The lineup includes HairCoSys Limited, Neuron Operations Limited, Pantheon Lab Limited, EC Innovations Limited, FJ Dynamics International Limited, Green Vigor Limited, Hong Kong Center for Construction Robotics, I2COOL Limited, Altai Technologies Limited, and eSIX Limited. These companies will showcase their groundbreaking technologies and compete for recognition among global peers.

Albert Wong, CEO of HKSTP, said, “We’re excited to debut at GITEX Asia, bringing Hong Kong’s innovative spirit to this dynamic region as we continue to go global. Our ecosystem blends R&D expertise, talent development, and market access, positioning us as a top international innovation and technology hub that empowers tech companies to expand their reach beyond borders.”

The HKSTP Pavilion at GITEX Asia 2025 will highlight potential technologies, featuring tech companies like Pantheon Lab Limited, which uses deep learning for AI-driven visual content. EC Innovation Limited transforms wastewater into nutrient-rich irrigation solutions. eSIX Limited offers high-speed and ultra-reliable networking solutions for smart cities and industries. These tech companies, alongside the full delegation, showcase HKSTP’s commitment to fostering solutions for global challenges – from sustainability to digital transformation.

Innovation in the Spotlight

HKSTP’s collaborations with partners provide a platform for tech companies to showcase their innovative ideas at regional events such as IBEW in Singapore and Techsauce Global Summit in Thailand. At GITEX Asia 2025, HKSTP tech companies will also participate in the esteemed Supernova Pitch Competition, inspired by Expand North Star in Dubai, solidifying their presence in the regional market.

GITEX Asia 2025, the anticipated Asian edition of GITEX GLOBAL, will bring together over 700 leading tech companies, including over 400 innovative tech companies and 250 investors from more than 60 countries. With a focus on AI, telecommunications, Cloud, Data Centres, Cybersecurity, HealthTech, and Fintech, GITEX Asia 2025 offers startups a unique opportunity to connect with industry experts, explore new opportunities, and share their innovations.

Appendix: List of 15 exhibiting park companies at GITEX Asia 2025

No. Category Company Name
1 AI HairCoSys Limited
2 Neufast Limited
3 Neuron Operations Limited
4 On-us Company Limited
5 Pantheon Lab Limited
6 Redica Systems Limited
7 TaoTaoro Group Limited (Materia Logic)
8 Green and Construction Tech EC Innovation Limited
9 FJ Dynamics International Limited
10 Green Vigor Limited
11 Hong Kong Center for Construction Robotics
12 I2COOL Limited
13 Zence Object Holding (Hong Kong) Limited
14 Telecommunications Altai Technologies Limited
15 eSIX Limited

For up-to-date information about GITEX Asia 2025, please visit: https://gitexasia.com/
Hashtag: #HKSTP

The issuer is solely responsible for the content of this announcement.

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 14 unicorns, more than 15,000 research professionals and over 2,200 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.

Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues contribute in establishing I&T as a pillar of growth for Hong Kong.

More information about HKSTP is available at .

Spectacular Thailand’s Songkran World Water Festival Sparkles Central World and Central Pattana Shopping Centers Nationwide, Drenching Over Ten Million Jubilant Revelers

BANGKOK, April 16, 2025 /PRNewswire/ — Thailand’s magnificent Songkran Festival has launched spectacularly, captivating international visitors with its legendary water celebrations. Central Pattana has masterfully orchestrated extraordinary experiences across Thailand, welcoming over ten million jubilant guests to experience this UNESCO-recognized Intangible Cultural Heritage phenomenon.

Spectacular Thailand’s Songkran World Water Festival Sparkles Central World and Central Pattana Shopping Centers Nationwide, Drenching Over Ten Million Jubilant Revelers
Spectacular Thailand’s Songkran World Water Festival Sparkles Central World and Central Pattana Shopping Centers Nationwide, Drenching Over Ten Million Jubilant Revelers

The festival showcases Thailand’s cultural treasures through mesmerizing performances including rare Khon masked dance, traditional Thai puppetry, enchanting Manohra dance, classical Thai dance, and contemporary Thai fusion performances. In partnership with the Ministry of Culture, visitors witnessed the ancient martial art of Krabi-Krabong, vibrant Pong Lang folk dances, and spirited Songkran celebration performances. Visitors participated in sacred water-pouring ceremonies on revered Buddha images throughout Thailand, including day-specific Buddha statues and precious relics from India.

From breathtaking Songkran landmarks to electrifying music festivals at Central shopping centers countrywide, ‘THAILAND’S SONGKRAN FESTIVAL 2025′ creates unforgettable memories.

In Bangkok, ‘centralwOrld Songkran Fest 2025′ transformed Ratchaprasong into a spectacular global Songkran landmark, brilliantly showcasing Thai identity through exhilarating water festivities, cultural celebrations, and music festivals. Nearly 200 premier artists performed alongside the stunning Miss Songkran Universe parade featuring Victoria Kjær Theilvig, Miss Universe 2024, and four continental queens as Global Cultural Ambassadors, magnificently presenting Songkran’s beauty to international audiences.

The grand celebration brilliantly blends traditional water ceremonies with world-class music festivals featuring over 300 artists nationwide. Travelers can experience the thrilling Songkran Wan Lai (grand water-fight day) at eight premier locations: centralwOrld, Central Chiangrai, Central Lampang, Central Phitsanulok, Central Hatyai, Central Pattaya Beach, Central Marina Outlet, and Central Nakhon Pathom.

Each region presents its distinctive charm, showcasing Thailand’s diverse cultural tapestry that has elevated Songkran to international acclaim as one of the world’s most extraordinary festivals.

MEXC Announces Official Listing of PAWS (PAWS)

VICTORIA, Seychelles, April 16, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the listing of PAWS (PAWS) on April 16, 2025(UTC). This move underscores MEXC’s ongoing commitment to supporting diverse blockchain ecosystems and providing users with access to high-quality, emerging crypto assets.

MEXC Announces Official Listing of PAWS (PAWS)
MEXC Announces Official Listing of PAWS (PAWS)

PAWS is a SocialFi project with over 85 million users. It began as the #1 mini-app on Telegram and later migrated to the Solana blockchain to achieve full decentralization. Users earn PAWS points by participating in group discussions, consuming content, completing tasks, and inviting friends. The project introduces a new attention economy, where meaningful engagement translates into tangible value.

$PAWS is the native utility token of the PAWS ecosystem, forming the foundation for user participation and long-term growth. It enables holders to engage in platform governance, vote on key decisions, and shape the project’s direction. As a marker of social identity, $PAWS fosters stronger community interaction. It also bridges value across different blockchain ecosystems and anchors the SocialFi model by combining social engagement with financial incentives. Serving as both a medium of value and a core incentive, $PAWS drives user activity and ecosystem development.

MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends.

Looking ahead, MEXC remains focused on expanding its asset offerings and helping users seize timely opportunities in the fast-evolving crypto landscape.

For more information about the listing, please refer to the official announcement.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website X Telegram |How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

Altair Partners with Databricks to Accelerate Data-Driven Innovation

Collaboration will provide seamless connection between Altair® RapidMiner® and the Databricks Data Intelligence Platform, amplifying data science and machine learning capabilities

TROY, Mich., April 16, 2025 /PRNewswire/ — Altair, a global leader in computational intelligence, has partnered with Databricks, the data and AI company, to empower joint customers with next-generation capabilities for data unification, graph-powered intelligence, and enterprise-grade artificial intelligence (AI).

Altair has partnered with Databricks to empower joint customers with next-generation capabilities for data unification, graph-powered intelligence, and enterprise-grade AI.
Altair has partnered with Databricks to empower joint customers with next-generation capabilities for data unification, graph-powered intelligence, and enterprise-grade AI.

This partnership brings together the best of both organizations’ platforms—combining the power of the Altair® RapidMiner® platform, an industry-leading tool for data preparation, AI development, orchestration, and automation, with the Databricks Data Intelligence Platform. Now, customers can seamlessly access and analyze data housed in Databricks while applying Altair’s comprehensive suite of tools to drive decision-making, build AI automation, and modernize data operations.

“We are thrilled to partner with Databricks to empower our customers to stay ahead of the competition by achieving faster, smarter, and more efficient outcomes,” said Sam Mahalingam, chief technology officer, Altair. “Through this collaboration, we are helping customers not just analyze their data but truly activate it—transforming fragmented data into intelligent systems that can learn, reason, and act. Together, Altair and Databricks are redefining the future of data science and analytics.”

Customers can leverage Altair RapidMiner’s robust data preparation, machine learning, and deployment capabilities to better extract insights from their data in Databricks. This collaboration marks a milestone in advancing accessible, scalable, and impactful AI and machine learning solutions – paving the way for transformative innovation and enabling businesses to realize the full potential of their data for years to come.

“We’ve been impressed by Altair’s innovative approach to data preparation and machine learning,” said Ariel Amster, director of strategic technology partners, Databricks. “Our partnership will leverage the benefits of Altair RapidMiner and the Databricks Data Intelligence Platform to help customers explore, analyze and take action on data at scale.”

Enabling Enterprise Modernization with Altair RapidMiner and Databricks

Customers can use Altair RapidMiner to directly access, prepare, and analyze data in Databricks without data duplication. The platform’s full-stack AI capabilities—from low-code AutoML to sophisticated MLOps, agent frameworks, and high-speed visualization—empower organizations to quickly prototype, deploy, and scale AI applications using data stored in Databricks.

Altair RapidMiner also offers native support for SAS language execution—one of only two platforms in the world with this capability—allowing customers to preserve and extend the value of their existing analytics investments while modernizing their workflows. This unique capability, especially when linked with Databricks, combines past and present into a single enterprise strategy.

Powering Knowledge Graphs and Data Fabrics with Databricks Data

A key differentiator is Altair RapidMiner’s massively parallel processing (MPP) knowledge graph technology—purpose-built to support knowledge graph creation, data fabrics, and ontology modeling at enterprise scale.

By integrating with Databricks, customers can use the Altair RapidMiner knowledge graph engine to connect, contextualize, and activate all types of data—structured, unstructured, and streaming. These graph-powered fabrics form the foundation for a new generation of intelligent systems, enabling generative AI models and autonomous agents to navigate the full complexity of an organization’s digital operations.

Built for the Real World

Together, Altair and Databricks offer an unmatched platform for the modern, intelligent enterprise. This partnership delivers not only the infrastructure needed for data-driven transformation—but also the intelligence to drive it forward.

To learn more about the Altair RapidMiner platform, visit https://altair.com/altair-rapidminer. To learn more about the Databricks Data Intelligence Platform, visit https://www.databricks.com/.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair is part of Siemens Digital Industries Software. To learn more, please visit http://www.altair.com or sw.siemens.com.

Media contacts

Altair Corporate                                           

Bridget Hagan                                                  

+1.216.769.2658                                        

corp-newsroom@altair.com                    

Altair Europe/The Middle East/Africa     

Altair Asia-Pacific

Louise Wilce                                                       

Man Wang

+44 (0)7392 437 635

86-21-5016635,,825

emea-newsroom@altair.com                   

apac-newsroom@altair.com

 

 

Pismo names Vishal Dalal as CEO

Rodrigo Melato steps up as Chief Commercial Officer

SÃO PAULO, April 16, 2025 /PRNewswire/ — Pismo has announced leadership changes to further strengthen its commitment to customer-centric growth while accelerating the expansion of its global footprint.

Vishal Dalal, CEO at Pismo
Vishal Dalal, CEO at Pismo

Vishal Dalal,  who has served as Pismo’s CEO for North America, Europe, and Asia since 2021, has been appointed as the company’s global CEO. With over 25 years of expertise in core banking and card systems, Dalal brings a wealth of knowledge and a unique global perspective, having held previous roles at McKinsey, Citibank, and Barclays. Dalal will continue to be based in London, bringing his extensive international experience to the forefront of Pismo’s operations. He succeeds Ricardo Josua, co-founder, who, after leading Pismo through its massive growth journey and acquisition by Visa, will transition into an advisory role.

“We are grateful to Ricardo for his leadership and contributions to the team. Pismo’s success, and the company overall, would not be where it is today without him. Ricardo leaves behind a strong foundation that the founders and I are excited to build upon”, comments Vishal Dalal.

Reflecting on his journey, Ricardo Josua stated, “Over the past year under Visa’s ownership, Pismo has thrived and made significant progress in our growth and strategic direction. We have entered new markets, built an extensive pipeline of prospective clients, and improved the platform’s performance. This progress sets the stage for the next chapter in our future. I entrust Pismo into Vishal’s hands and will continue to support Pismo in an advisory role”.

In addition, Rodrigo Melato, who has been with the company since June 2022 as VP of Sales, assumes an extended global role as Chief Commercial Officer (CCO). In partnership with global sales, Melato will oversee Pismo’s go-to-market strategies, performance, and customer-centric approach. With more than 20 years of experience, Melato held multiple positions at Salesforce, including leading the Financial Service business unit.

Pismo’s other three co-founders – Daniela Binatti (CTO), Juliana Binatti Motta (CPO), and Marcelo Parise (VP of Engineering) – will continue to lead their respective areas within Pismo.

These leadership transitions mark a new chapter for Pismo, reinforcing its position as a global leader in next-generation banking and payments technology.

Media Contact Details: Patricia Bartuira; + 1 (786) 270-6253; patricia@bmcsmart.com 

Pudu Robotics’ PUDU T300 Honored with Red Dot Award 2025 for Product Design

SHENZHEN, China, April 16, 2025 /PRNewswire/ — Pudu Robotics, a global leader in the service robotics industry, continues its impressive streak of awards with the PUDU T300, an industrial delivery robot that has secured the Red Dot Award: Product Design 2025. This accolade comes on the heels of Pudu Robotics’ recent recognition for its AI-powered cleaning robot, the PUDU MT1, which won a Red Dot Award 2025, as well as the iF Design Award 2025 for the PUDU SH1. These honors further enhance the company’s distinguished record and highlight its ongoing leadership in robotic design excellence.

PUDU T300 won Red Dot Design Award 2025
PUDU T300 won Red Dot Design Award 2025

The PUDU T300, Pudu Robotics’ first robot designed for industrial applications, is focused on optimizing material logistics in complex manufacturing environments. By delivering supplies directly to production lines, transferring materials between zones, and transporting samples for quality control, it enhances operational efficiency.

Featuring a sleek geometric design that balances aesthetic appeal with practical functionality, the T300 includes smooth contours and ergonomic handles, alongside a pillar-mounted display for user-friendly operation. Built for demanding industrial settings, it seamlessly facilitates the movement of materials and samples, enabling agile production and allowing manufacturers to quickly adapt to dynamic workflow requirements.

Key award-winning innovations include:

  • Adaptive Navigation & Multi-Mode Flexibility
    Leveraging VSLAM+ technology, the T300 offers marker-free navigation, easily adapting to facility layout changes without extensive reconfiguration. Its triple-mode functionality—auto-delivery, follow-me, and power-assist modes—enables rapid response to shifting production demands.
  • Precision Maneuverability
    The T300 is engineered to navigate tight spaces, maneuvering through corridors as narrow as 60 cm, crossing thresholds of 2 cm, and managing gutters of 3.5 cm, ensuring efficient delivery across busy production lines.
  • Seamless IoT Integration
  • By connecting with elevators, security doors, and production systems through IoT, the T300 facilitates fully autonomous operations across multiple floors, streamlining workflows and enhancing operational efficiency.
  • Enhanced Safety Compliance
    Compliant with ISO 3691-4 standards, the T300 is equipped with lidar, depth cameras, collision protection edges, and emergency stop buttons, guaranteeing safe operation in dynamic industrial environments.

Pudu Robotics has solidified its leadership as a global innovator in robotic solutions with recent wins at the Red Dot Award 2025 and the iF Design Award 2025. These accolades highlight the company’s commitment to blending aesthetic excellence with technical innovation, setting new industry standards. With a legacy of prestigious awards, including the IDEA Award and Good Design Award, Pudu consistently raises the bar and drives progress, delivering versatile solutions that transform industries worldwide.

About the Red Dot Design Award

The Red Dot Award was founded in 1955 and has become one of the most respected design awards worldwide. It honors groundbreaking creativity, practical functionality, and superior craftsmanship. Recognized works stand at the forefront of international design innovation, embodying unmatched quality and market influence.

About Pudu Robotics

Pudu Robotics, a global leader in the service robotics sector, is dedicated to enhancing human productivity and living standards through innovative robot technology. With a focus on R&D, manufacturing, and sales of service robots, Pudu Robotics holds over a thousand authorized patents worldwide, encompassing a wide range of core technologies. The company’s robots have been widely adopted in various industries, including dining, retail, hospitality, healthcare, entertainment, education and manufacturing. To date, Pudu Robotics has successfully shipped over 90,000 units to a variety of markets, with a presence in more than 60 countries and regions worldwide. For more information on business developments and updates, follow PUDU on LinkedIn, Facebook, YouTube, Twitter and Instagram.

Mega Matrix Inc. Released New Premieres on FlexTV from April 7 to 11, Exploring Humanity Through Betrayal, Redemption, and Destiny

SINGAPORE, April 16, 2025 /PRNewswire/ — Last week (April 7–11, 2025), FlexTV, the short drama streaming platform under Mega Matrix Inc. (NYSE American: MPU), unveiled six compelling new English series. Spanning genres from urban fantasy and emotional entanglements to female empowerment and cyclical fate, each production offers a unique lens on the resilience and complexity of the human spirit. These stories, ranging from rags-to-riches tales to timeless love that transcends eras, form a rich tapestry of courage, love, and self-discovery. 

Highlights of Short Dramas

1. Karma’s Landlord (April 8)
After being betrayed by his wife and a privileged heir, security guard Aidan Ward unexpectedly acquires divine powers as the Landlord of Fate. Reborn as the guardian of Cloud City, he wields his newfound strength to confront a conspiracy by the influential Shaw family, who use the mystical “Destiny Stone” to manipulate the city’s fate. Aidan’s transformation from mortal to god underscores the power of unwavering conviction in the face of injustice.

2. Hocus Pocus, Who’s the Focus? (April 8)
Single mother Olivia Reed, desperate to save her leukemia-stricken son, pawns a Blackwood family heirloom—only to become the secretary to Maxwell, heir to the same lineage. As long-buried secrets resurface, their professional dynamic gives way to a deeper reckoning with a mysterious bond formed five years ago.

3. MILF Wars: The Final Season (April 9)
Business mogul Amanda Wilson’s relationship with the younger, domineering CEO Ethan Morgan is upended by entangled family histories. With her former classmates now her in-laws and her son at odds with her lover, Amanda must navigate a minefield of social taboos and familial expectations in her quest for love.

4. Little Miss Can’t Be Fooled (April 10)
At her own engagement party, intern reporter Stella exposes her fiancé’s infidelity and unexpectedly enters a marriage of convenience with aerospace engineer Miles. What starts as revenge soon evolves into genuine affection as the two unravel a corporate espionage mystery tied to Miles’ work—and their shared destiny.

5. After Divorce, I Built a Fabulous Life (April 10)
After a painful divorce, brilliant designer Mia reinvents herself from homemaker to rising fashion icon. As her ex-husband Tyler attempts to win her back, their emotional tug-of-war becomes a poignant narrative of female resilience and the reclaiming of self-worth.

6. Veil of My Juliet (April 11)
Nicholas Pierce, burdened by a past-life curse, is reunited with Rachel Hayes—the reincarnation of the lover he once mistakenly killed. To break the cycle of fate, they must confront generations-old blood feuds and unravel a labyrinth of forgotten memories, ultimately uncovering a thousand-year-old truth of sacrifice and redemption.

Through gripping plots and emotionally resonant characters, these series blend dramatic intensity with humanistic reflection. Whether it’s a betrayed guard, a reborn housewife, or star-crossed lovers breaking free from fate, each story affirms a universal truth: true liberation begins with loyalty to oneself.

Available in over 100 countries and regions, FlexTV supports 15 languages including English, Japanese, and Korean. With high-quality content and an exceptional viewing experience, the platform continues to win the hearts of global audiences. Looking ahead, FlexTV remains committed to genre innovation and storytelling excellence, delivering even more diverse and engaging series for viewers worldwide. For more captivating series, visit https://www.flextv.cc/

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company. Mega Matrix Inc. is a Cayman Islands corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Key Metrics

The numbers for our key metrics, which include our period active users (PAU), period paying users (PPU), average membership and top-up streaming service revenue per active user (ARPU), and average membership and top-up streaming service revenue per paying user (ARPPU), are calculated using internal company data based on the activity of user accounts. We define an active user as a user who has downloaded and opened the FlexTV app at least once. We define a paying user as a user who has registered for a membership or has topped up, provided a method of payment, and is entitled to access FlexTV services (this membership or topping up does not include participation in free trials or other promotional offers extended by FlexTV to new users). We define ARPU as average membership and top-up streaming services revenue generated by each active user in one quarter. We define ARPPU as average membership and top-up streaming services revenue generated by each paying user in one quarter. We use these metrics to assess the growth and health of the overall business and believe that ARPU best reflects our ability to attract, retain, engage and monetize our users, and thereby drive revenue. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement, there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our estimates of our user base, and such estimates may change due to improvements or changes in technology or our methodology.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the heading “Risk Factors” in documents filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s latest annual report on Form 20-F, filed with the SEC on March 28, 2025, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

X (a/k/a Twitter):

twitter.com/MegaMatrixMPU

Facebook:

facebook.com/megamatrixmpu

facebook.com/flextvus

LinkedIn:

linkedin.com/company/megamatrixmpu

TikTok:

tiktok.com/@flextv_english

YouTube:

youtube.com/@FlexTV_English

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

For inquiries, please contact: Info@megamatrix.io

Markel to acquire leading specialist marine MGA, The MECO Group Limited

LONDON, April 16, 2025 /PRNewswire/ — Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced it has entered into an agreement to purchase The MECO Group Limited (MECO), subject to regulatory approval.

Founded in 1974, MECO is a leading, independent specialist marine managing general agent (MGA) based out of London, Dubai and Shanghai. It specialises in providing marine insurance products and services to a diverse range of global marine clients, including charterers and traders, shipowners and entities engaged in maritime operations and global supply chains. It wrote US$63 million GWP in 2024.

MECO provides coverage through its three core insurance brands – The Charterers P&I Club, Transmarine, Aurora P&I and offers complementary legal services through its law firm True North. Its insurance business brings in-depth expertise of underwriting several specialist marine classes that are complementary to Markel’s existing marine business, including charterers P&I; freight, defence and demurrage; trade disruption; loss of hire; strikes delay; small vessels owners’ P&I; contractual extension liabilities; as well as ancillary marine insurance products.

“This agreement presents a unique opportunity to strengthen our marine footprint and capabilities with new products, complementary services and client relationships in the fast-growing Asia-Pacific economies as well as in Europe,” said Andrew McMellin, Managing Director of Wholesale – International, at Markel. “MECO will integrate into Markel but will continue to operate utilising its existing core insurance brands, leveraging Markel’s capabilities to build on existing successful relationships in its core regions. The evident synergies between our two companies will allow us to provide a more comprehensive and competitive offering for clients.”

Chris Else, Chief Executive of MECO, commented: “We’re excited to be joining forces with Markel. Today’s announcement marks a new chapter for MECO, our colleagues and clients, as we continue to expand on the strong foundations we’ve built in many key markets over the past 50 years. There are clear strategic and cultural similarities between the two businesses. Ensuring MECO will continue operating its brands within Markel International recognises the value of our team and provides lasting benefit to clients.”

About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people—and the deep, valued relationships they develop with colleagues, brokers and clients—that differentiates us worldwide.

About MECO
We are the MECO Group, a specialist marine insurance MGA that celebrated its 50th Anniversary last year. Founded in London in 1974, the Group now operates across three key hubs in London, Dubai and Shanghai. Headquartered in London, the MECO Group is owned and controlled by its executive board. We are a service-based business that offers clients the best of both worlds, first-rate insurance security, backed by an experienced and knowledgeable team of specialists that is professional, dedicated and trusted.