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Silverfort Stakes Its Claim in Identity Security with Patented Architecture and Rebrand, as Demand for the Market Accelerates

Introducing Runtime Access Protection (RAP) enabling the first end-to-end identity security platform, securing every identity across hybrid environments and disrupting siloed categories like NHI, PAM, MFA, ITDR and ISPM

New brand signals Silverfort’s next chapter of innovation and growth in identity security

BOSTON, Feb. 27, 2025 /PRNewswire/ — Silverfort, the leader in end-to-end identity security, reveals details about its patented Runtime Access Protection (RAP) technology while simultaneously unveiling its new brand. Powering the Silverfort Identity Security Platform, RAP brings identity security to systems and environments that couldn’t be protected before, breaks down silos, eliminates blind spots, and gives organizations actionable visibility into their entire identity fabric–in the cloud or on-premises, human or machine–for the very first time. Trusted by leading enterprises worldwide—Airbus, Channel 4, Coop, Kayak, Ryanair, Rio Tinto, Swiss Automotive Group, Singtel, UPS, amongst 1,000 others—Silverfort analyzes and verifies over 10 billion authentications daily, detecting an average of 34K identity exposures and threats per customer. The platform deploys 17x faster than traditional identity security solutions, for a better time to value.

 

Silverfort Identity Security. All identities, all environments, all resources, always protected.

Identity represents the weakest link in enterprise security, with compromised credentials accounting for 80% of all breaches. For years, enterprises managed identity through a patchwork of on-prem identity management tools, one or more cloud identity providers (IdPs), and a mix of bespoke identity security solutions. Tools were built in silos—many long before cloud infrastructure and modern attack techniques existed—creating critical security gaps and access blind spots. The rise of AI and machine identities exacerbate the problem. This outdated approach forces enterprises to compromise on either security or usability—rarely can they achieve both.

“Active identity protection is no longer optional—it’s critical to the health of a company’s cybersecurity program,” said Rob Ainscough, Chief Identity Security Advisor at Silverfort and former Head of Identity & Access Management at Tesco. “Enterprises need a solution that can surface every identity—even their unknowns—so they have a foundational understanding of what’s in their environment. From there, the solution should deliver protection and controls at scale. Legacy solutions provide incremental protections that take too long to implement and lack sufficient coverage leaving the door open to attackers. With its unique technical architecture at its foundation, Silverfort is the only player in the identity security market equipped to discover every identity and extend real-time protection across complex, hybrid environments, and resources.”

A deeper look at Silverfort’s innovation: Runtime Access Protection
With identity security as Silverfort’s sole focus and mission, the company pioneered a way to deliver end-to-end identity security—securing every dimension of identity via its patented technology, Runtime Access Protection (RAP). RAP natively integrates into an enterprise’s identity infrastructure to secure it from within. It removes the complexity of securing every identity and extends protection to previously “unprotectable” assets like non-human identities (NHIs), legacy systems, command line tools, IT/OT infrastructure and more. Once integrated into an organization’s Identity Access Management (IAM) infrastructure, RAP forwards a user’s access request to Silverfort for analysis and triggers inline security controls if needed. Silverfort sends its verdict to the IAM infrastructure to grant or deny access. The result is identity security with end-to-end visibility and active protection—with minimal disruption to users or administrators.

“For years, enterprises have struggled with a patchwork of on-prem identity tools, multiple cloud IdPs, and fragmented security solutions—which are built in silos, missing the bigger picture, and leaving many critical assets exposed,” said Hed Kovetz, CEO and Co-Founder of Silverfort. “The result? Security gaps, access blind spots, and a lack of unified control. To make matters worse, identity security remains a shared responsibility across multiple teams, each with different authority and priorities, making real progress nearly impossible. We’re changing that. We built the identity security platform the industry deserves—one that IAM teams can operate with ease and security teams can trust. No more silos. No more blind spots. This is identity security done right.”

A New Brand for a new era of identity security without limits
Along with revealing details about its innovative technology, Silverfort simultaneously unveils its new brand, including an entirely new look. For Silverfort, identity security isn’t just a feature—it’s the heart of the company’s mission. Fueled by the belief that identity and security teams deserve better, the company’s founders discovered a way to deliver end-to-end identity security that goes further than any other solution available today.

The new brand comes as the company evolves into a global organization with more than 450 employees worldwide, trusted by more than 1,000 companies. 2024 was a year of explosive growth and innovation. In the last year, Silverfort raised $116M in Series D funding, introduced Privileged Access Security (PAS), launched its Identity-First Incident Response solution, and addressed the gap in unified identity security for cloud environments with the acquisition of Rezonate. Today, Silverfort is the first to deliver a complete identity security platform protecting human and machine identities across on-prem assets, cloud identity providers, cloud infrastructure, and SaaS applications.

To learn more about identity protection and Silverfort’s Identity Security Platform powered by Runtime Access Protection, visit https://www.silverfort.com/platform and request a demo today.

About Silverfort
Fueled by a belief that identity professionals deserve better, we found a way to break down the silos of identity security—eliminating the gaps and blind spots left behind by a patchwork of point solutions. The Silverfort Identity Security Platform is the first to deliver end-to-end identity security, protecting every identity in the cloud, on-prem, humans, machines, and everything in between. Our patented technology—Runtime Access Protection (RAP)—natively integrates with the entire IAM infrastructure, giving businesses visibility into all identities, analyzing every access, and extending active protection to resources that could not be protected previously—including NHIs, legacy systems, command line tools, and IT/OT infrastructure. It is easy to deploy and use, and doesn’t disrupt business operations, resulting in better security outcomes with less work. Silverfort is the identity security platform that both identity and security professionals deserve, earning the trust of more than 1,000 leading organizations, including several Fortune 50 companies. Learn more at silverfort.com.

Silverfort, The Leader in Identity Security.
Silverfort, The Leader in Identity Security.

 

Silverfort, The Leader in Identity Security.
Silverfort, The Leader in Identity Security.

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE + AI CHIPS IMPACT EARNINGS

NEW YORK, Feb. 27, 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. 

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE + AI CHIPS IMPACT EARNINGS

Kristen Scholer delivers the pre-market update on February 27th

  • Markets up fractionally higher as investors digest Nvidia results
  • Nvidia results show demand for AI chips remains
  • Snowflake (NYSE: SNOW), TJX (NYSE: TJX), Lowe’s (NYSE: LOW) post strong earnings

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

Video – https://mma.prnasia.com/media2/2629536/NYSE_Feb_27_2025_Market_Update.mp4 

 

Chinese media applauds successful convening of 1st Project Cooperation Summit of Guolian Minsheng Securities

BEIJING, Feb. 27, 2025 /PRNewswire/ — Chinese News Network issued a press release here on Thursday to applaud the successful convening of the first Project Cooperation Summit of Guolian Minsheng Securities, saying the event symbolized a new model for the innovation of Chinese financial market.

onsite photo of  the first Project Cooperation Summit of Guolian Minsheng Securities in Wuxi
onsite photo of the first Project Cooperation Summit of Guolian Minsheng Securities in Wuxi

The event, themed as “Converging Rivers and Lakes, Surging Towards Innovation,” was grandly held in Wuxi, Jiangsu Province, China, bring in over 300 chairpersons of listed and pre-listed companies, more than 1,000 executives from listed companies, and nearly 2,000 participants from local governments, financial institutions, industry experts, and scholars.

As the organizer of the conference, Guolian Minsheng Securities has set a strong precedent in the wave of mergers and acquisitions among Chinese securities firms, said the press release, referring the recent merge of Chinese Guolian Securities and Minsheng Securities.

On 27 December, China Securities Regulatory Commission approved Guolian Securities’ proposal to acquire 99.26% of Minsheng Securities from 45 shareholders by issuing A shares.

This is the first brokerage M&A that has received approval since the new “Nine Guidelines” was issued by the State Council in April, which ramped up supervision over China’s capital markets.

The successful merger of Guolian Securities and Minsheng Securities represents a strategic move to create a large-scale securities company with distinct business characteristics, a top market ranking, and strong comprehensive competitiveness, said the press release, explaining the merger aims to better serve the high-quality development of the economy and society.

The approval of this first-of-its-kind securities firm restructuring provides valuable experience for the industry, sets a demonstrative example, and boosts market confidence, injecting new vitality into the long-term development of China’s capital markets, the press release added.

During the event, Guolian Minsheng Securities unveiled its new strategy, which includes the development philosophy of “deepening regional presence and refining industry expertise.”

The company’s strategic goals are to build an industrial investment bank, a technology-driven investment bank, and a wealth management bank. Its central vision is to become a top-tier modern investment bank that is trusted by clients, driven by technological innovation and industrial growth, and possesses international influence and core competitiveness, said the press release.

The merger of Guolian Minsheng Securities is also expected to release significant synergies, rapidly enhancing its core competitiveness, said the press release.

If simply combined, the total assets of the merged entity would reach approximately RMB 150 billion yuan (about 20 billion USD), with major business indicators expected to rise significantly, potentially ranking within the top 20, said the press release, pointing out that a widely held view is that Guolian Minsheng Securities will further solidify its position among the top investment banks, achieving a synergistic effect of “1+1>2” in scale, quality, and efficiency, thereby rapidly elevating its industry status and comprehensive competitiveness.

According to the press release, the principal leaders of the host organization, Guolian Group, also stated that Guolian Minsheng Securities would focus on the “Industrial Investment Bank” strategy.

The company will integrate superior resources and talent, build a comprehensive financial service system suitable for the development of new productive forces, and better serve regional and sectoral development. It will also support the strengthening of enterprises and the optimization of industries, enhance the linkage between “investment banking + investment + research,” and create a benchmark for industrial-financial collaboration in the Yangtze River Delta.

Guolian Securities established Guolian Securities (Hong Kong) Co., Ltd. in 2020, making it one of the earlier securities firms to expand into international business.

Through its international subsidiaries, the company promotes capital flows between domestic and international markets, providing one-stop financial services to support the development of the real economy, said the press release.

China has been making headway on refining its market and, in 2023, the country’s, highest-level conference on financial work – the Central Financial Work Conference – proposed to “cultivate world-class investment banks and investment firms” for the first time.

A year later, China issued the “Nine Guidelines”, for leading brokerage firms to increase its competitiveness through M&A and restructuring.

Conveying True Feelings through Letters: Baijiayun Received a Thank-you Letter from Tsinghua-Peking University Talent Reserve Customer

BEIJING, Feb. 27, 2025 /PRNewswire/ — Baijiayun Group Ltd (“Baijiayun” or the “Company”) (NASDAQ: RTC), a one-stop AI video solution provider, today announced that it has received a customer thank-you letter from Beijing Tsinghua-Peking University Talent Reserve Education Technology Co., Ltd.

Baijiayun’s Duanxunbao Gains New Momentum with Functional Upgrades to Facilitate Knowledge Monetization

Recently, DuanXunBao, a new-generation knowledge delivery tool under Baijiayun has updated multiple new features such as limited-time flash sales, along with major upgrades in order management, further optimizing the user experience, providing knowledge monetizers with more powerful and refined operational support.

The newly added limited-time flash sale feature in DuanXunBao represents an important expansion of its live broadcast control capabilities. Through simple operations, users can instantly add or modify flash sale activities, delivering an exciting shopping experience for viewers. This not only enhances the interactivity of live broadcasts but also boosts audience engagement and purchasing desire.

In terms of order management, DuanXunBao has added a “Order Date” filter field, supporting queries accurate to the year, month, day, hour, and minute. This feature enables meticulous management of each transaction, ensuring the accuracy and completeness of order data.

Baijiayun has always been committed to providing users with high-quality video technology services and AI solutions. As an important business segment, DuanXunBao’s latest functional iteration is a proactive response to market demands. With the continuous development of the online education and knowledge payment industries, user demand for live broadcast interactivity and marketing tools is growing rapidly. The four new features of DuanXunBao not only meet the practical needs of knowledge monetizers in live broadcast marketing but also provide new ideas and directions for industry development.

In the future, Baijiayun will constantly optimizing and improving the DuanXunBao product. More user-centric features and services will be launched to help knowledge monetizers stand out in the fierce market competition and promote the healthy development of the online education and knowledge payment industries.

Company Contact:

Ms. Fangfei Liu 
Chief Financial Officer, Baijiayun Group Ltd

Yuan Yin
yinyuan@baijiayun.com 

 

Lichen China Limited Announces Effective Date of Reverse Stock Split and Name Change

XIAMEN, China, Feb. 27, 2025 /PRNewswire/ — Lichen China Limited (Nasdaq: LICN) (“Lichen China” or the “Company”), a dedicated financial and taxation service provider in China today announced the date of effectiveness and the ratio of a forthcoming reverse stock split (the “Reverse Split”) of the Company’s ordinary shares (the “Ordinary Shares”). On February 12, 2025, the Company announced, on a Current Report on Form 6-K, the voting results from the annual meeting of shareholders (the “Meeting”) held on February 10, 2025. At the Meeting, shareholders voted upon and approved Proposal 2 to effect a Reverse Split with a ratio of not less than one-for-twenty and not more than one-for-two-hundred within one year after the date of passing of the resolution, with the exact ratio to be set at a whole number within this range as determined by the Company’s board of directors (the “Board”) in its sole discretion.

On February 10, 2025, the Board approved a one-for-two-hundred (1:200) Reverse Split of the Company’s issued and unissued Class A and Class B ordinary shares. The Company anticipates that beginning with the opening of trading on March 3, 2025, the Company’s Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis and will have a new CUSIP number, G5479G116.

The Reverse Split affects all issued and outstanding shares of the Ordinary Shares. In addition, the Reverse Split reduces the number of Ordinary Shares issuable upon the exercise of share options or warrants outstanding immediately prior to the Reverse Split. The par value of the Ordinary Shares will increase to $0.008 per share after the Reverse Split. The Reverse Split affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s equity. No fractional shares will be issued; instead, shareholders who would otherwise be entitled to a fractional share will have their entitlement rounded up to the nearest whole share.

The Company anticipates that the reverse stock split will increase the market price per share of the Company’s Ordinary Shares, bringing the Company into compliance with The Nasdaq Capital Market’s $1.00 minimum bid price listing requirement.

Registered shareholders holding pre-split shares of the Company’s Ordinary Shares are not required to take any action to receive post-split shares. Shareholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the reverse stock split, and will not be required to take any action in connection with the reverse stock split.

Additionally, the Company has officially changed its name from Lichen China Limited to Lichen International Limited, with the change expected to take effect on March 3, 2025. This name change was duly approved by the Company’s shareholders on February 10, 2025. Moving forward, the Company will operate under its new name, and all existing agreements, rights, and obligations will remain unchanged.

About Lichen China Limited

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Tian Sun
Phone: +86-0592-5586999
Email: ir@lichenzx.com

Hesai Strengthens Patent Portfolio with Swiss IP Acquisition, Advancing Next-Gen Solid-State Lidar FTX to Drive Robotics Revolution

STUTTGART, Germany, Feb. 27, 2025 /PRNewswire/ — Hesai Technology (NASDAQ: HSAI), the global leader in lidar technology for automotive mobility and robotics applications, announced today that it holds the largest number of published patent applications for lidar globally, and its IP portfolio has further expanded with the acquisition of Swiss digital lidar patents.

Patent volume is an important indicator to measure a high-tech company’s innovation capabilities. As of December 2024, Hesai has accumulated nearly 1,800 patents and patent applications worldwide. According to the global patent database Patsnap, the total number of Hesai’s published patent applications for the lidar industry exceeds 1,500, and the number of granted global patents exceeds 600, covering multiple countries and regions worldwide. Through a comprehensive patent application strategy, Hesai has secured its long-term position as an innovation powerhouse in the global lidar market.

As a core component of digital lidar, SPAD (Single Photon Avalanche Diode) plays a crucial role in advancing the lidar industry. Hesai recognized the potential of SPAD technology early on, beginning its research in this field as far back as 2016—making it one of the first lidar companies to do so. In late 2023, Hesai acquired Fastree3D, a Swiss pioneer in SPAD technology with deep roots in EPFL (École Polytechnique Fédérale de Lausanne), one of Switzerland’s top universities. With over 20 years of academic research in CMOS image sensors and single-photon detectors, Fastree3D was the first company in the world to develop SPAD digital lidar technology and held numerous SPAD-related patents. These patents serve as the foundation for digital lidar innovation, encompassing critical advancements in digital signal processing and high-resolution point cloud generation.

With this strategic acquisition, Hesai has deeply embedded its SPAD core patented technology into its proprietary fourth-generation platform, which will enter production in 2025. The new platform will create a new generation of high-quality, high-performance, and affordable lidar products, accelerating the lidar industry’s large-scale development.

Hesai’s next-generation solid-state FTX, built on the company’s fourth-generation technology platform, features an industry-leading field of view (FOV) of 180° x 140° — the widest among automotive-grade solid-state lidars. FTX’s range can reach 30 m @10% reflectivity with outstanding resolution, achieving a point rate of 492,000 points per second, 2.5 times higher than its previous generation. The FTX has a compact design while maintaining its powerful performance, weighing 66% less than before. Its embedded installation further enhances its sleek form factor, reducing the exposed window area by 40% to just 50 x 30 mm.

Hesai’s fully solid-state FTX lidar, as well as mini JT128 and JT16 domed lidars, can be easily integrated in various intelligent robots, including humanoid robots, AGVs/AMRs, delivery robots, robotic lawn mowers, cleaning robots, agricultural vehicles and more. With an ultra-wide field of view and real-time 3D perception, Hesai’s lidars provide a cost-effective alternative to the multiple 2D lidars or cameras commonly used in robotic applications.

During the month of December 2024, Hesai delivered over 20,000 lidar units to robotics customers. Hesai expects to ship over 1 million lidar units in 2025, which is supported by the company’s in-house mass production capabilities and innovation in research and development.

Turfan, Xinjiang: Electric Power to Transform 390,000 Mu of Grape Racks

TURFAN, China, Feb. 27, 2025 /PRNewswire/ — On February 27, in the vineyard of Yuwangkel Village, Shanshan County, Turfan City, villagers were conducting grape rack transformations under the meticulous guidance of agricultural technicians. Adjacent to the 10 kV Azati line, power company employees were diligently working on equipment upgrades to ensure reliable electricity supply for the grape rack transformation and subsequent grape planting operations.

In 2024, Turfan City completed the transformation of 60,000 mu of grape racks, including 32,000 mu in Shanshan County and 28,000 mu in Gaochang District. Post-transformation, the quality of grapes has markedly improved, and the level of mechanized operations has significantly increased. For 2025, Turfan City plans to transform an additional 60,000 mu of grape racks.

According to official statistics, the total area of grape cultivation in Turfan City exceeds 630,000 mu, with an anticipated completion of 390,000 mu of grape rack transformations by the end of 2025. To support agricultural development in Turfan City, State Grid Turfan Power Supply Company invested 360 million yuan in 2024 to construct 219 kilometers of new agricultural distribution network lines and add 13.47 MW of new distribution capacity. In 2025, the company will further invest 278 million yuan to build 518 kilometers of new agricultural distribution network lines and add 690 kW of new distribution capacity, ensuring adequate electricity supply for agricultural activities.

 

Captiva Verde and Matnaggewinu Development Corp (MDC) Welcome Brandon Schilling to Aviation and Military Advisory Board

Vancouver, British Columbia – Newsfile Corp. – February 27, 2025 – Captiva Verde (CSE: PWR) (OTC Pink: CPIVF) and Matnaggewinu Development Corp (MDC), a Mi’kmaq-owned joint venture partner of Captiva Verde, are pleased to announce the appointment of Brandon Schilling to the Aviation and Military Advisory Board. Brandon brings an impressive background in aerospace, defense, space systems, Foreign Military Sales (FMS), and Maintenance, Repair, and Overhaul (MRO) industries, further strengthening MDC’s efforts to expand into these rapidly growing markets. Captiva Verde is a publicly traded company listed on the Canadian Securities Exchange (CSE) under the symbol PWR and the US OTC Market under the symbol CPIVF

Brandon Schilling’s Experience and Expertise

Brandon Schilling is a career professional with extensive experience across the aerospace, defense, space systems, FMS, and MRO industries. Throughout his career, he has demonstrated exceptional leadership and expertise in business development, aviation sales, and strategic market growth. He has led and overseen the development and growth of profitable new aircraft sales, managing deal sizes ranging from $3.5 million to $700 million. Brandon has cultivated key relationships with in-country sales agents, embassy personnel, and high-ranking foreign military commanders and generals. His efforts ensured business growth by aligning business development activities with organizational strategies.

While at MD Helicopters, he identified and developed new commercial and military customers for MD products, including 500, 600, and 902 class helicopters. He developed market intelligence to focus business development efforts and created multi-year sales forecasts to meet annual operating plans.

In the space sector, Brandon worked with leading organizations such as NASA, NSPO, SpaceX, JPL, USAF, United Launch Alliance, and Astrobotics. He negotiated and contracted lunar payloads for NASA’s CLPS program aboard the Masten lunar lander. He conducted research and analysis on U.S. and international civil space markets, industry trends, policy developments, and competitive landscapes, supporting business development processes and strategic decision-making.

Brandon has also excelled in managing contracts and sales across global aviation and aerospace sectors. At Able Aerospace, he maintained and managed over 120 worldwide aviation contracts, including with major rotor wing OEMs and APAC airlines such as Bell, Leonardo Agusta Westland, Asiana Airlines, and Korean Airlines. He successfully grew a client’s business by 440% from 2019 to 2020. His expertise includes responding to customer RFPs/RFQs, negotiating long-term agreements (LTAs), and leading multi-disciplinary teams for business capture and proposal efforts.

MDC Aviation Mission Statement

At MDC Aviation, our mission is to empower Mi’kma’ki’s economic resurgence by leveraging our expertise in aviation and military equipment advisory and sales. We are dedicated to serving as a dynamic platform that champions Indigenous innovation and leadership in the aerospace and defense sectors. Through strategic procurement and targeted set-aside programs, we aim to drive sustainable growth, foster robust partnerships, and ensure our community competes on a global scale while honoring our rich cultural heritage.

Our Story

Founded by Nowlen Augustine, a proud Mi’kmaq and former US Marine, driven by a commitment to excellence and service, MDC Aviation was born from a vision of economic revitalization in Mi’kma’ki. Rooted in the enduring spirit and traditions of our people, MDC Aviation is more than a business-it is a transformative platform that bridges Indigenous heritage with advanced aviation and military capabilities. Drawing on Nowlen’s invaluable military experience and leadership, we offer cutting-edge advisory services and access to state-of-the-art military and aviation equipment. By leveraging strategic procurement and set-aside initiatives, we pave the way for enhanced Indigenous participation and leadership in a competitive global landscape. At MDC Aviation, our mission is to empower our communities, foster sustainable growth, and honor our proud legacy while driving progress in the aerospace and defense sectors.

A Growing Market and Unprecedented Opportunity

The aerospace, defense, and space system markets present significant growth potential for Indigenous-owned businesses. These industries are driven by increased government spending, technological advancements, and the expanding role of private sector companies. The Canadian government has recognized the essential role that Indigenous businesses play in driving economic growth, innovation, and community empowerment.

By incorporating Indigenous businesses into its procurement processes, the Canadian government is creating an ideal environment for companies like MDC to thrive in the following key markets:

  1. Aerospace Industry:
    • Global Market Size: The civil aviation market is projected to reach $1.2 trillion by 2027, growing at a compound annual growth rate (CAGR) of 4.5%.
    • MRO Services: Maintenance, Repair, and Overhaul (MRO) services for commercial aviation alone are expected to exceed $90 billion annually by 2027, driven by the demand for fleet expansion and maintenance.
  2. Defense Industry:
    • Global Defense Spending: The global defense market is valued at over $2 trillion, with U.S. defense spending surpassing $800 billion annually.
    • Canadian Defense Budget: Canada is significantly increasing its defense spending, with $35 billion earmarked for modernizing military platforms, creating procurement opportunities for companies like MDC.
    • Foreign Military Sales (FMS): The U.S. FMS program consistently exceeds $50 billion annually, providing defense systems to allied nations and opening new markets for Indigenous businesses.
  3. Space Systems:
    • The Global Space Economy is projected to grow from $500 billion in 2024 to $1 trillion by 2040, driven by investments in satellite technology, space exploration, and defense applications.
    • The U.S. Space Force and the Canadian Space Agency (CSA) are key players in developing military satellite systems and space-based surveillance.

Positioning for Success

Matnaggewinu Development Corp’s entry into aerospace, defense, and space systems markets aligns with this growing demand and government initiatives to include more Indigenous businesses in procurement processes. Brandon Schilling’s expertise will help position MDC as a key player in these sectors, leveraging Indigenous procurement programs and set-aside opportunities in Canada and the U.S.

Captiva Verde and MDC remain committed to building partnerships and exploring innovative solutions in these high-growth industries while fostering economic empowerment for Mi’kmaq communities.

About Matnaggewinu Development Corp (MDC)

Matnaggewinu Development Corp is a Mi’kmaq-owned joint venture focused on innovation and growth in the aerospace, defense, and space systems sectors. With a mission to create sustainable business opportunities and promote Indigenous leadership in high-tech industries, MDC leverages strategic partnerships and government procurement programs to achieve its goals. Matnaggewinu (MDC) is 49% owned by Captiva Verde.

On Behalf of the Board of Directors

“Jeff Ciachurski”

Jeffrey Ciachurski
Chief Executive Officer and Director
Cell: (949) 903-5906
E-mail: westernwind@shaw.ca

Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws and United States securities laws (together, “forward-looking statements”). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to completion of the transactions contemplated by, or in connection with, the Repurchase Agreement and Option Agreement, as amended by the Repurchase Amending Agreement and Option Amending Agreement, respectively, and the receipt of all required regulatory approvals therefor, the Private Placement and the use of proceeds raised in the Private Placement. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget”, “propose” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions, including interest rates and the rate of inflation, the Company’s current expectations about: opportunities, market standards, vacancy and rental growth rates, demographic trends, the realization of property value appreciation and timing thereof, the price at which properties may be acquired and disposed of and the timing thereof, the availability of mortgage financing and current interest rates, assumptions about the markets in which the Company intends to operate, expenditures and fees in connection with the

maintenance, operation and administration of properties, the timely receipt of all necessary permits and regulatory approvals, the impact of geopolitical events, including the conflicts in Ukraine and the Middle East, and government regulations or tax laws. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, among other things, the availability of suitable real estate for purchase by the Company, the availability of mortgage financing for such properties, and general economic and market factors, including interest rates, prospective purchasers of real estate, the attractiveness of developed properties and the ability of the Company to sell its properties, business competition, public health crises and disease outbreaks, changes in government regulations or income tax law, and .those described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A (a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

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