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STAK Inc. Announces Closing of Initial Public Offering

CHANGZHOU, China, Feb. 28, 2025 /PRNewswire/ — STAK Inc. (the “Company”) (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced the closing of its initial public offering (the “Offering”) of 1,250,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The ordinary shares began trading on the Nasdaq Capital Market on February 26, 2025, under the ticker symbol “STAK.”

The Company received aggregate gross proceeds of US$5 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares, representing 15% of the ordinary shares sold in the Offering, at the public offering price less underwriting discounts.

The Offering was conducted on a firm commitment basis. Kingswood Capital Partners, LLC  acted as the representative of the underwriters.

A registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (the “SEC”) (File Number: 333-283258), as amended, and was declared effective by the SEC on February 25, 2025. The Offering was made only by means of a prospectus forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained from Kingswood Capital Partners, LLC at 7280 W Palmetto Park Rd., Suite 301, Boca Raton, FL 33433, or via email at bherman@kingswoodus.com, or telephone at (561) 961-0505. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About STAK Inc.

STAK Inc. is a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The Company designs and manufactures oilfield-specialized production and maintenance equipment, then collaborates with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells oilfield-specialized equipment components, related products, and provides automation solutions. Its vision is to help oilfield services companies reduce costs and increase efficiency by providing the cutting-edge integrated oilfield equipment and automation solutions service. Its mission is to become a powerful provider for the niche markets of specialized oilfield vehicles and equipment in China. For more information, please visit the Company’s website at https://www.stakindustry.com/ir/.

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 the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “potential,” “intend,” “plan,” “believe,” “likely to” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any 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 other filings with the SEC.

For more information, please contact:

STAK Inc.
Investor Relations Department
Email: ir@stakindustry.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

AT&T, T-Mobile and Verizon come together to bring first standardized 5G Network APIs to the U.S. leveraging Aduna

  • Aduna will introduce Number Verification and SIM Swap APIs for launch in the United States, transforming security, fraud detection, and user experiences for developers and enterprises.

STOCKHOLM, Feb. 27, 2025 /PRNewswire/ — Aduna, a landmark venture among some of the world’s leading telecom operators and Ericsson, today announced venture partners AT&T, T-Mobile and Verizon are set to deliver the first advanced network Application Programming Interfaces (API) for Number Verification and SIM Swap in the United States.

This collaboration marks a significant milestone for the mobile ecosystem, uniting industry leaders to empower enterprises and developers with carrier-grade, standardized network API capabilities to build advanced applications and value-added services for enterprises.

For the first time, three of America’s leading telecom operators are working together to support standardized, open network APIs including by driving interoperability, fostering industry-wide innovation and reshaping the global digital landscape.

This provides an unprecedented opportunity for developers and enterprises in the U.S., offering a trusted, carrier-grade solution for secure authentication, reducing fraud risks and reliance on costly, fragmented verification methods.

By unifying network capabilities across major U.S. telecom providers, this initiative will unlock new opportunities for innovation in financial services, e-commerce, digital identity and more.

Number Verification API, set to become available from Aduna nationwide in 2025, will redefine user authentication by securely verifying mobile numbers through operator networks, leveraging data from smartphones’ network connections. By mitigating risks such as fraudulent SMS activities and streamlining verification processes, this API will enhance security and improve customer experience.

In addition, the SIM Swap network API, also set to become available from Aduna nationwide in 2025, will add a critical layer of protection against unauthorized SIM swaps, a common tactic for account takeover fraud. Together, these advanced APIs can strengthen security measures and set new standards for customer trust and safety.

“Aduna is thrilled to be able to provide developers with access to aggregated CAMARA network APIs from AT&T, T-Mobile, and Verizon- the three major operators in the US-through our developer platform providers,” said Anthony Bartolo, CEO of Aduna. “This pivotal moment for the mobile ecosystem demonstrates not only the importance of collaboration, but also the reality of global coverage capabilities. Our strategy of redefining connectivity is unlocking faster, carrier-backed authentication at scale.”

“Operating in the modern era requires robust security and also widespread connectivity,” said Yigal Elbaz, Sr. VP, Technology and Network CTO, AT&T. “This collaboration makes our network, along with all participating networks, into a platform that offers advanced capabilities, adding significant value for customers across the developer ecosystem. We believe in the power of connectivity and look forward to witnessing the innovations this collaboration will enable.”

“At T-Mobile, we’ve long recognized the need for seamless, secure authentication – it’s why we’ve already integrated network-based authentication into our own services, like T-Life, to better protect our customers and improve their experience,” says Dan Thygesen, SVP T-Mobile Product, Partnerships & Growth and Head of Wholesale & Innovation. “Network APIs such as Number Verification can unlock new features and capabilities that benefit the user experience and protect sensitive data. We are looking forward to giving our partners and application developers the ability to implement the future of passwordless, device-based authentication and protect their information and assets.”

“Verizon’s advanced 5G network is the backbone of innovation, connecting enterprises, developers and consumers with cutting-edge solutions that drive growth and transformation. By leveraging these network APIs, we are unlocking new opportunities for businesses to enhance application capabilities, improve customer experiences and maximize the value of real-time connectivity. This is the future of enterprise innovation,” said Srini Kalapala, Senior Vice President of Technology and Product Development at Verizon.

Launched in September 2024 with AT&T, T-Mobile and Verizon among its partners, Aduna is combining and selling network APIs from multiple operators globally under a unified platform based on the CAMARA open-source project, driven by the GSMA and the Linux Foundation. Network APIs are at the center of a new era of opportunity for the telecom industry and easily accessible advanced network capabilities are empowering developers to create new use cases across multiple sectors.

The launch of network APIs strengthens U.S. leadership in the global API economy, setting the foundation for broader adoption worldwide. Aduna aims to catalyze innovation not only in the U.S. but also across global markets by unifying telecom capabilities and enabling developers to quickly and easily build applications that work seamlessly on any network, anywhere.

“With the launch of the Number Verification and SIM Swap APIs in 2025, Aduna is enabling a new era of connectivity-driven innovation,” Bartolo continued. “By making advanced network capabilities more accessible, Aduna empowers developers and businesses to build smarter, more secure, and more efficient digital services. Together with AT&T, T-Mobile, and Verizon, we’re setting the stage for global interoperability and driving industry-wide transformation.”

To find out more about network APIs and Aduna, visit adunaglobal.com.

Notes to editors:

Media Contact:

Email: MediaRelations@adunaglobal.com

Tel: +46 10 719 69 92

About Aduna
Aduna is a landmark venture between some of the world’s leading telecom operators and Ericsson, dedicated to enabling developers worldwide to accelerate innovation by leveraging networks to their full potential via common network Application Programming Interfaces (APIs). Its venture partners include: América Móvil, AT&T, Bharti Airtel, Deutsche Telekom, KDDI, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon and Vodafone. Aduna’s developer partner platforms include Google Cloud, Infobip, Sinch and Vonage. By combining network APIs from multiple operators globally under a unified platform based on the CAMARA open-source project, driven by the GSMA and the Linux Foundation, Aduna provides a standardized platform to foster collaboration, enhance user experiences, and drive industry growth.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/at-t–t-mobile-and-verizon-come-together-to-bring-first-standardized-5g-network-apis-to-the-u-s–lev,c4111909

The following files are available for download:

https://mb.cision.com/Main/15448/4111909/3290520.pdf

PDF: AT&T, T-Mobile and Verizon come together to bring first standardized 5G Network APIs to the U.S. leveraging Aduna

https://news.cision.com/ericsson/i/developer-working-on-a-laptop-outdoors-,c3381801

Developer working on a laptop outdoors.

VIVOTEK Enhances Student Safety with AI Security at KA Beveren Sports School in Belgium

TAIPEI, Feb. 27, 2025 /PRNewswire/ — Background

KA Beveren is a sports school located in Belgium, known for providing sports education and nurturing many student-athletes. Recently KA Beveren underwent a significant upgrade to its security infrastructure, aiming to improve the safety of students, staff, and facilities. VIVOTEK, the global leading security solution provider, played a pivotal role in the project. In collaboration with distributor Optima Networks and integrator Educorner bvba, VIVOTEK’s advanced AI solutions, helped KA Beveren achieve a state-of-the-art security system, offering superior monitoring and AI-driven analytics.

VIVOTEK’s advanced AI security solutions helped the renowned sports school KA Beveren in Belgium ensure robust monitoring of critical areas, detect security threats in real time, and create a secure and supportive learning environment for both students and staff.
VIVOTEK’s advanced AI security solutions helped the renowned sports school KA Beveren in Belgium ensure robust monitoring of critical areas, detect security threats in real time, and create a secure and supportive learning environment for both students and staff.

Challenges

KA Beveren faced the challenge of achieving comprehensive coverage across both indoor and outdoor spaces, eliminating blind spots and ensuring continuous security. The security solution was designed to deter vandalism and unauthorized access, creating a safer environment for both students and staff. Additionally, it plays a crucial role in monitoring and reducing incidents of bullying and physical altercations, aiding in the identification of individuals involved in such events.

The solution was required to detect security threats in real time, providing actionable insights to administrators and security personnel. Due to the school’s large size and dynamic environment, the solution had to offer both wide-ranging and detailed security coverage.

Solutions

VIVOTEK partnered with Educorner bvba to implement a customized solution centered around advanced camera which included Fixed Dome, Fisheye, Multi-Sensor Panoramic cameras, and integration with Network Optix VMS.

  • Placed Fixed Dome cameras in key locations such as entry points, hallways, and high-traffic areas, these cameras ensure robust monitoring of critical areas. Their design is built to withstand the harsh environmental conditions typical of sports facilities. With VIVOTEK’s AI analytics, these cameras can distinguish between humans and vehicles, effectively reducing false alarms and improving reliability.
  • Fisheye Cameras were strategically mounted at the corners of buildings, maximizing coverage while minimizing the number of cameras required. Their wide-angle design allows the school to reduce installation complexity and cost. These fisheye cameras, in combination with Network Optix’s dewarping technology, provide multiple views from a single device, offering comprehensive coverage of large areas. This innovative setup replaces the need for multiple Fixed Dome cameras or even PTZ cameras, enhancing efficiency while maintaining high-quality coverage.
  • Multi-Sensor Panoramic Cameras offers a 180-degree view, and ideal for monitoring expansive outdoor areas such as sports fields and parking lots. With their multi-sensor design, the cameras deliver a seamless panoramic image, ensuring every corner is covered. Built-in AI analytics enable real-time detection of unusual activities, further enhancing the system’s effectiveness.
  • To maximize the utility of VIVOTEK’s surveillance system, the project incorporated the Network Optix video management system (VMS). The VMS’s intuitive interface, paired with the Deep Search Plugin, enhances the security team’s ability to quickly locate specific individuals or incidents across the network. The AI-driven search tool filters video based on attributes such as gender, age group (adult/kid), or even body parts, allowing for more efficient and accurate investigations.

Benefits

VIVOTEK’s AI solution has significantly enhanced the security of KA Beveren Sports School, offering several key benefits:

  • Enhanced Safety: The advanced AI analytics integrated into VIVOTEK cameras provide real-time threat detection, allowing security personnel to swiftly address potential security incidents.
  • Comprehensive Coverage: With a strategic mix of Fixed Dome, Fisheye and Multi-Sensor Panoramic cameras, the school enjoys full coverage, ensuring that no area is left unmonitored.
  • Efficient Monitoring: The Network Optix VMS, enriched with the Deep Search Plugin, simplifies the monitoring process, enabling the security team to respond rapidly with accurate and specific information.
  • Future-Proofing: The scalability of the system ensures that KA Beveren’s security infrastructure can evolve with future needs and challenges, providing a long-term solution that grows with the institution.

Results and Customer Feedback

” As TAC at KA Beveren Sports School, my focus is on ensuring a secure and supportive learning environment for both students and staff. With VIVOTEK’s surveillance system now in place, we’ve significantly raised the level of safety on campus. The system is reliable and easy for our team to manage, which lets us focus on what we do best: providing quality education. Working with Educorner bvba on this project was smooth from start to finish, and we now have full confidence that our school is well-protected.” – Pascal Verleyen, Technisch Adviseur-Coördinator, KA Beveren Sports School.

The successful implementation of VIVOTEK’s solution at KA Beveren highlights the importance of integrating advanced technology with intelligent video management systems. By choosing VIVOTEK, the school has secured a future-ready solution that not only enhances security but also offers peace of mind to students, parents, and staff alike. This project exemplifies how VIVOTEK’s state-of-the-art cameras and the powerful Network Optix VMS come together to create a comprehensive, scalable, and intelligent security system.

EliteFyre Unveils Smart Electric Grill: Pre-order Starts March 5th on Kickstarter for Super Early Bird Deal

NEW YORK, Feb. 27, 2025 /PRNewswire/ — Struggling to grill indoors or on an urban terrace due to space or fire restrictions? EliteFyre is excited to introduce its latest electric grill, offering a simple plug-and-play operation and high-efficiency heating system. Designed for small spaces, it’s perfect for grilling indoors, on terraces, in backyards, or even while camping—delivering outstanding performance and a hassle-free BBQ experience for any occasion.

EliteFyre Volteq Smart and Precise Electric Grill
EliteFyre Volteq Smart and Precise Electric Grill

Innovative Features for Effortless Grilling

The EliteFyre electric grill features digital temperature control with a display and dual probe ports, offering an easy-to-operate and precise grilling experience. With advanced heating technology, the grill reaches 650°F in just 18 minutes, providing fast and energy-efficient cooking. The double-layer insulation ensures excellent heat retention, while even heat distribution eliminates hot spots, guaranteeing uniform cooking across the entire grilling surface.

“We created the EliteFyre electric grill to make professional-level BBQs accessible to everyone, even in urban environments,” said Aaron Wang, Founder of EliteFyre.

Versatile Design for Any Occasion

With a 260-square-inch grilling surface, the EliteFyre electric grill offers 6-in-1 versatility—grill, sear, smoke, BBQ, bake, and braise—allowing a wide range of cooking styles. The included smoker box adds extra flavor to dishes. For added convenience, an optional cart provides storage and portability, making it even easier to take your grilling adventures on the go. Its compact design and intuitive features make it perfect for beginners or those seeking a simple, hassle-free grilling experience.

Easy to Clean

In addition to enhancing the grilling experience, the EliteFyre electric grill is designed for easy cleaning. Its 90-degree foldable heating tube can be flipped without tools, making maintenance a breeze. Unlike traditional grills, the EliteFyre electric grill offers a cleaner, more sustainable option.

Coming Soon to Kickstarter

The EliteFyre electric grill will be available on Kickstarter starting March 5th. Super Early bird pricing starts below $200, offering the chance to be among the first to experience the next level of grilling adventures. To be notified on launch and secure your deal, please visit: https://www.kickstarter.com/projects/EliteFyre/EliteFyre-elevate-your-grilling-experience

About EliteFyre

EliteFyre was founded by a group of grilling enthusiasts committed to delivering convenient, efficient, and eco-friendly BBQ experience. By blending cutting-edge technology and innovative design, EliteFyre has created a product that allows anyone to grill like a pro. With over ten innovating heating technologies, their first product delivers consistent, high-quality results, elevating every grilling adventure. For more updates and exclusive grilling tips, join the EliteFyre community on Facebook: https://www.facebook.com/groups/elitefyre

Media Contact:

elitefyre.grill@gmail.com 
support@elitefyre.com 

JULIEN’S AUCTIONS PRESENTS BOLD LUXURY: THE LIMELIGHT EDIT

Featuring Iconic Fashion from Marilyn Monroe, Elizabeth Taylor, Cher, Victoria Beckham, Amy Winehouse, Hermes, Chanel, Giambatista Valli & More

A Landmark Sale of Fashion and Hollywood Iconography

Live at The Peninsula Beverly Hills | March 27, 2025
Online Registration & Bidding Opens: February 27, 2025

BEVERLY HILLS, Calif., Feb. 27, 2025 /PRNewswire/ — Julien’s Auctions, the industry leader in high-profile luxury and celebrity memorabilia sales, proudly announces Bold Luxury: The Limelight Edit, an exclusive auction featuring some of the most sought-after designer fashion and celebrity-worn pieces. Taking place on March 27, 2025, at The Peninsula Beverly Hills, this premier event will bring together collectors, investors, and fashion aficionados to bid on a meticulously curated selection of rare and historic pieces.

A Defining Moment for Luxury and Celebrity Collectibles

From Marilyn Monroe to Elizabeth Taylor, Cher, and Britney Spears, this extraordinary collection represents the pinnacle of Hollywood glamour and haute couture. Each piece embodies a cultural legacy, offering a rare opportunity to own tangible history.

“Bold Luxury is a celebration of fashion’s most iconic moments. These one-of-a-kind artifacts transcend mere clothing—they represent the intersection of style, storytelling, and investment,” said Martin Nolan, Co-Founder and Executive Director of Julien’s Auctions.

Auction Highlights

Elizabeth Taylor:
  • 14K Gold and Diamond Evening Purse
  • Art Deco Emerald and Diamond Brooch, Circa 1935
Marilyn Monroe:
  • 1961 The Misfits Cowboy Boots from the Personal Collection of Dee & Tommy Hilfiger.
  • 1954 Jeans from “River of No Return” from the Personal Collection of Dee & Tommy Hilfiger.
Cher & Britney Spears:
  • Cher’s 2002 Stage-Worn If I Could Turn Back Time Costume by Bob Mackie
  • Britney Spears’ 2001 Bob Mackie Jubilee Burlesque Ensemble
Luxury Fashion Pieces:
  • Hermès Limited Edition Framboise Matte Alligator Birkin
  • Paco Rabanne 1999 Spring Haute Couture Dress

Luxury as an Investment

As the luxury collectibles market grows, designer fashion and celebrity memorabilia gain value. Julien’s Bold Luxury series captures this shift, attracting both seasoned and new collectors.

How to Bid

  • Online Registration & Bidding Open: February 27, 2025
  • Live Auction: March 27, 2025, The Peninsula Beverly Hills
  • Bid Online: www.juliensauctions.com

This must-attend event redefines bold luxury, offering a front-row seat to history.

For more information about Julien’s Auctions or any additional questions, please contact:

Media Contact
Jenelle Hamilton PR
Jenelle Hamilton
jenelle@jenellehamlton.com
+1 646.421.9139

Video – https://www.youtube.com/watch?v=zhzV06CED_8

 

Open Compute Project Foundation and JEDEC Drive Open Silicon Innovation

New Chiplet Design Kits Enable New Silicon Supply Chains

AUSTIN, Texas, Feb. 27, 2025 /PRNewswire/ — Today, the Open Compute Project Foundation (OCP), the nonprofit organization bringing hyperscale innovations to all, and JEDEC Solid State Technology Association, the global leader in the development of standards for the microelectronics industry, announce the availability of new Chiplet Design Kits for use with today’s EDA tools covering Assembly, Substrate, Material and Test developed in collaboration within the OCP Open Chiplet Economy Project. Leveraging the alliance between OCP and JEDEC, these design kits are now part of the Global World Wide Standard JEDEC JEP30: Part Model Guidelines.


The release of the Assembly, Substrate, Material, and Test Design Kits build on earlier joint efforts between the OCP and JEDEC integrating OCP Chiplet Data Extensible Markup Language (CDXML) specification into  JEDEC JEP30: Part Model Guidelines, enabling Chiplet builders to provide electronically a standardized Chiplet part description to their customers, paving the way for automating System-in-Package (SiP) design and build using Chiplets.

“The new design kits, developed through collaboration between OCP and JEDEC, promote innovation in SiP design by fostering collaboration and openness, ensuring broad accessibility, and supporting rapid adoption across the semiconductor industry. These kits promote openness, streamline design workflows, and reduce manual interventions, thereby significantly improving design efficiency, scalability, and innovation,” said James Wong, Palo Alto Electron, David Ratchkov, Thrace Systems and Michael Durkan, Chair of the JEDEC JEP30 Task Group. The integration of the design kits with the rest of the PartModel enforces consistent terminology across the Chiplets and the rules that support the development of SiP, eliminating the need for re-mapping within the design tools.

  • The Assembly and Substrate Design Kits enables efficient integration of heterogeneous Chiplets by defining standardized rule formats and tolerances for key design elements such as geometries, layers, interconnects and assembly processes.
  • The Material Design Kit provides a comprehensive framework for defining, evaluating, and validating the material properties and design parameters required for SiP. It focuses on critical elements such as substrates, interposers, redistribution layers and 3D integration technologies. The kit emphasizes the importance of material properties, such as dielectric constants, thermal conductivity and mechanical strength, to optimize performance, reliability and cost-efficiency.
  • The Test Design Kit, which is being standardized within JEDEC, enables the planning, design and manufacturing of SiP, with a particular emphasis on testability, enabling standardization of the testing process for Chiplet integration, with a focus on standard definitions for test elements, test flow requirements and definition of test-only elements, and support for test in advanced manufacturing.

“Chiplets have rapidly become the efficient and cost-effective way to develop chips at leading-edge nodes, and have been used successfully to improve SiP performance with cost efficiencies at scale, because the entire chip development cycle is managed in-house at large companies. To provide an open environment where designers drop known-good third-party sourced Chiplets into their designs requires the development of an open marketplace. Recently the OCP took the next step in establishing an Open Chiplet Economy with the opening of the OCP Chiplet Marketplace.  Moving forward the OCP intends to become the front door to an open Chiplet marketplace, making available a catalogue of standalone Chiplets, new standardizations, tools and best practices that would be required for a truly open economy,” said Cliff Grossner, Ph.D., Chief Innovation Officer at the Open Compute Project Foundation.

The schemas included in the Assembly, Materials and Test design kits as integrated into the JEDEC JEP:30 Part Model Guidelines have been designed to scale to a very large number of Chiplet interconnection points while keeping the schema size manageable. Security is also of utmost importance and all schema files are digitally signed to ensure no corruption, when shared between chiplet buyer to seller.

“There are still many opportunities to create additional standardization efforts bringing together JEDEC’s strength in setting global standards for the microelectronics industry with OCP’s expertise in specifying system level devices seeding emerging technologies and markets. JEDEC is delighted with this next step in the collaboration with OCP moving the market forward,” said John Kelly, President, JEDEC. 

“The next inflection point for the silicon supply chain is open, with innovation driven by a collaborative community, just as we have seen with the computing platforms of the cloud computing era. Developing an open stand-alone Chiplet silicon supply chain will require a rethink of this supply chain. Many design decisions made by Chiplet designers will impact packaging, test and verification, and the software stack, which will all be done by separate organizations, unlike today, where most silicon design is done in-house using proprietary processes,” said Tom Hackenberg, Principal Analyst in Computing & Software at Yole Group.

About the Open Compute Project Foundation
The Open Compute Project (OCP) is a global collaborative Community of hyperscale data center operators, telecom, colocation providers and enterprise IT users, working with the product and solution vendor ecosystem to develop open innovations deployable from the cloud to the edge. The OCP Foundation is responsible for fostering and serving the OCP Community to meet the market and shape the future, taking hyperscale-led innovations to everyone. Meeting the market is accomplished through addressing challenging market obstacles with open specifications, designs and emerging market programs that showcase OCP-recognized IT equipment and data center facility best practices. Shaping the future includes investing in strategic initiatives and programs that prepare the IT ecosystem for major technology changes, such as AI & ML, optics, advanced cooling techniques, composable memory and silicon. OCP Community-developed open innovations strive to benefit all, optimized through the lens of impact, efficiency, scale and sustainability. Learn more at www.opencompute.org.

About JEDEC
JEDEC is the global leader in the development of standards for the microelectronics industry. Thousands of volunteers representing over 350 member companies work together in more than 100 JEDEC committees and task groups to meet the needs of every segment of the industry, manufacturers and consumers alike. The publications and standards generated by JEDEC committees are accepted throughout the world.  All JEDEC standards are available for download from the JEDEC website. For more information, visit www.jedec.org.

Media Contacts
Dirk Van Slyke
Open Compute Project Foundation
dirkv@opencompute.org  
Mobile: +1 303-999-7398
(Central Time Zone/CST/Austin, TX)

Emily Desjardins
JEDEC
703-907-7560
emilyd@jedec.org
(Eastern Time Zone/EST/Arlington, VA)

 

Mainstream Renewable Power Appoints Morten Henriksen as CEO

FORNEBU, Norway, Feb. 27, 2025 /PRNewswire/ — The Board of Mainstream Renewable Power (“Mainstream”), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, is pleased to announce the appointment of Morten Henriksen as Group CEO, effective April 1, 2025. Henriksen comes from the position of CEO of Gassnova, the Norwegian state enterprise for carbon capture and storage. His previous experience spans executive management roles in the energy industry in Norway and internationally for companies including Arendals Fossekompani and Statkraft, in addition to multiple board positions.

Current CEO Mary Quaney will continue to support Mainstream and the transition in a Senior Advisor capacity before stepping down in the second half of 2025 to pursue other interests.

The appointment comes as the Company implements its updated strategy, continuing to deliver significant cost base reduction targets and sharpening its focus on three core growth markets where it sees the greatest potential for value creation – South Africa, Australia, and the Philippines.

In order to reduce costs and leverage the resources of its majority shareholder Aker Horizons, Mainstream is relocating its headquarters from Dublin to Oslo in the first half of 2025. This is in line with its plan to reduce its cost base by approximately 65% by 2026, relative to 2023 levels.

Mainstream’s Chairman, Kristian Røkke, said: “We would like to express our gratitude to Mary for her leadership over the last five years. She has guided Mainstream’s global team with focus, resilience and integrity, navigating a period of industry-wide transformation.”

He continued: “As we enter a new phase, Morten brings extensive experience and deep sector expertise to position Mainstream for growth. His leadership will be instrumental in executing the Company’s strategy and driving Mainstream’s growth in the global energy market.”

Commenting on his appointment, Morten Henriksen said: “Mainstream is well positioned for the opportunities ahead. I am very excited about implementing our vision to build a lean and focused renewable energy company, leading in our core markets and creating value through strong project execution, a lean cost base and capital efficiency.”

For further information, please contact:
Jonas Gamre, Investor Relations, tel: +47 97 11 82 92,
email: jonas.gamre@akerhorizons.com
Mats Ektvedt, Media, tel: +47 41 42 33 28,
email: mats.ektvedt@corporatecommunications.no

About Aker Horizons

Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. www.akerhorizons.com

About Mainstream Renewable Power

Mainstream Renewable Power is a leading pure-play renewable energy company with wind and solar assets across Europe, Latin America, Africa, and Asia-Pacific. Mainstream is one of the most successful developers of gigawatt-scale renewables platforms, across onshore wind, offshore wind, and solar power generation. The company has successfully delivered 6.6 GW of wind and solar generation assets to financial close-ready and has a global project portfolio of 22.7 GW. www.mainstreamrp.com

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/aker-horizons/r/mainstream-renewable-power-appoints-morten-henriksen-as-ceo,c4111882

 

Ubie and Nucleus Genomics Partner to Enhance Access to Genetic Testing and Drive Early Screening for Improved Health Outcomes

  • Genetic testing can be critical to ensuring the early diagnosis and proper treatment of serious disease for patients of all ages
  • The partnership combines Ubie’s AI-driven symptom identification and high rates of patient engagement with Nucleus Genomics’ cutting-edge complete DNA sequencing
  • Engaging with patients while they are looking for answers for their health issues makes it possible to identify potential genetic disorders early in the healthcare journey

NEW YORK, Feb. 27, 2025 /PRNewswire/ — Ubie, a global healthcare AI platform that guides patients to better interactions with providers and life sciences, and Nucleus Genomics, the next-generation genetic testing and analysis company, today announced the outcomes of a partnership to improve access to genetic screening and early disease detection. The collaboration leverages Ubie’s AI-powered Symptom Checker and Nucleus Genomics sophisticated genetic testing capabilities to address care gaps and underdiagnosis in healthcare by connecting individuals who may have undiagnosed conditions with advanced genetic screening options early in the care journey.

A genetic disorder is a disease caused by a change in the DNA sequence. These mutations can be inherited or occur spontaneously leading to a wide range of health issues depending on which gene is affected. Genetic testing can help guide decisions about medical care by effectively diagnosing the disease and ensuring proper treatment. With Ubie’s ability to reach patients before their diagnosis, genetic testing can give patients a head start on identifying mutations and guidance on the right course of action, which can include lifestyle changes, preventative measures and earlier treatment with personalized medicine.

A growing leader in the diagnostics space, Nucleus Genomics expands access to genetic screening and testing beyond what patients may be able to get from their regular healthcare providers. The company is using its partnership with Ubie to reach more and better motivated patients, and expand and diversify its user base.

“Nucleus Genomics is committed to driving innovation in genetic testing in order to get patients the answers they need at the right point in their care journey,” said Halle Marchese, Director of Marketing & Communications at Nucleus Genomics. “Initial results from our partnership with Ubie have shown outstanding engagement, connecting us with motivated consumers actively seeking answers about their health to get the insights and genetic counseling they need to make informed and impactful decisions about their care.”

The partnership focuses on several key areas, including the early detection of genetic predispositions to various health conditions, improved access to genetic screening for underserved populations, enhanced patient education about genetic factors in common and rare diseases, and personalized health insights based on both symptoms and genetic markers.

Leveraging Ubie, Nucleus reached more than 277,000 patients in the first four months. Outcomes highlighted the value of ultra-targeted messaging, as target users clicked-through nearly 10x higher than healthcare benchmarks. By matching patients with disease-specific genetic education, Ubie also increased engagement more than 30% relative to baseline.

Furthermore, Ubie diversified Nucleus’s representation, reaching  patients ranging from 18 to 90 years of age, with 87% over 50, and 82% of users identifying as female – a focus for Nucleus Genomics. Engagement for rare diseases and progressive conditions saw even higher engagement, outperforming Ubie’s average by approximately 200%, further supporting the recent launch of Nucleus Genomics rare disease panel screening.

“This partnership represents a significant step forward in democratizing access to genetic testing. This will empower patients, who are already actively searching for answers, to take control of their care,” said Kota Kubo, Co-Founder and CEO of Ubie. “This partnership is an example of how connecting disparate pieces of healthcare and providing patients with the insights they need can have an impact on appropriate care and outcomes.”

Previously, most consumer genetic tests used microarray testing, which looks at less than 0.1% of DNA sequencing, meaning that important health insights can be missed. Nucleus Genomics analyzes 100% of a patient’s DNA, with 30x high-depth whole-genome sequencing coverage, providing a more complete picture and insights on genetic risk for 900+ conditions.

Nucleus Genomics is a medical provider delivering whole-genome sequencing, cancer screening, heart screening and neurology screening. The company’s recent $14 million Series A funding round highlights its effectiveness and impact in the market, with the company looking to dramatically expand its genetic risk assessments and add features to help users plan healthy families.

About Nucleus Genomics

Nucleus is redefining next-generation genetic testing and analysis. By combining polygenic scores with traditional rare variant DNA analysis, the company provides comprehensive assessments of genetic disposition across a myriad of diseases and traits. Nucleus’ mission is to empower people to take agency over their health so no one dies from preventable disease — that’s why the company is building a platform based on cutting-edge science, where everyone has their genome at their fingertips, complete clarity on their risks, and are empowered by personalized health measures. Learn more at mynucleus.com.

About Ubie

Founded in 2017, Ubie empowers individuals and healthcare professionals with the tools they need for better care. Leveraging cutting-edge disease prediction AI, Ubie guides 10+ million patients every month to seek appropriate medical attention through its free online Symptom Checker and equips 1,500+ provider organizations with clinical tools that streamline workflows and support better diagnoses and health outcomes. Trained on medical data, Ubie’s marketing solutions power advanced targeting capabilities and high-performing digital campaigns for 70% of the world’s top life science companies.

Learn more about our vision and work at https://ubiehealth.com/company or try our free Symptom Checker at https://ubiehealth.com/.