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SINEXCEL and EVE Energy Signed Strategic Partnership Agreement

SHENZHEN, China, Feb. 18, 2025 /PRNewswire/ — SINEXCEL and EVE Energy signed a strategic partnership agreement at SINEXCEL’s headquarters in Shenzhen.

SINEXCEL and EVE Energy Signed Strategic Partnership Agreement
SINEXCEL and EVE Energy Signed Strategic Partnership Agreement

Under the agreement, SINEXCEL and EVE Energy will leverage their respective core strengths in products, solutions and market resources to drive the deep integration of technological innovation and business development. The strategic partnership aims to promote breakthroughs in energy storage technologies, accelerate global-scale applications, and enhance market expansion and experience exchange, contributing to the collaborative development of the industry and the green transformation of the new energy sector.

Mr. Ma Lunsheng, General Manager of SINEXCEL’s Industrial and Commercial Energy Storage Division, and Mr. Xu Jianfeng, General Manager of EVE Energy’s Resource Development Center, signed the agreement on behalf of their respective companies. The signing ceremony was attended by senior executives from both companies, including Mr. Wei Xiaoliang and Mr. Liu Shuai from SINEXCEL, and Ms. Li Mufen and Ms. Zhu Yuan from EVE Energy.

During the signing ceremony, both parties engaged in in-depth discussions on battery system technology and power conversion system (PCS) technology, sharing the latest achievements and future plans.

This agreement marks a further deepening of the successful collaboration between SINEXCEL and EVE Energy and signals the beginning of a new phase in their partnership. They will work towards injecting new momentum into the new energy industry under the global carbon goals, promote the construction of a green, low-carbon energy system, and contribute to the global energy transition and sustainable development.

About EVE Energy

Established in 2001, EVE Energy is a global lithium battery company that possesses core technologies and solutions for consumer batteries, power batteries, and energy storage batteries after over 20 years of rapid development. Its products are widely applied in the fields of the Internet of Things and the Internet of Energy.

About SINEXCEL

Founded in 2007, SINEXCEL is a leading pioneer of energy storage, EV charging and power quality solutions, backed by nearly two decades of expertise in power electronics. With over 12 GW of installed capacity and over 600 partners across 60+ countries spanning six continents, SINEXCEL collaborates with industry leaders to deliver innovative energy solutions worldwide, empowering energy freedom and cultivating a cleaner, greener future.

Fangzhou Inc. integrates DeepSeek open-source AI Model to enhance Internet healthcare

SHANGHAI, Feb. 18, 2025 /PRNewswire/ — Fangzhou Inc. (“Fangzhou” or the “Company”) (06086.HK), a leader in Internet healthcare solutions, announced the successful integration and local deployment of the DeepSeek-R1 open-source large language model on February 8th. This upgrade is expected to yield improvements in the company’s service capabilities and operational efficiency, enabling more precise and personalized healthcare solutions for patients and healthcare providers, contributing to the overall advancement of the Internet healthcare sector.

Dr. Xie Fangmin, Founder, Chairman, and CEO of Fangzhou, commented, “The integration of DeepSeek marks an important step in our commitment to technological innovation. We believe this upgrade can bring significant improvements to our platform’s capabilities, allowing us to deliver better, more efficient healthcare services. We look forward to continuing to develop innovative solutions to our millions of users.”

Transforming the Healthcare Ecosystem with AI Technology

The local deployment of DeepSeek-R1’s advanced analytical and reasoning capabilities allows Fangzhou to deliver data-driven decision support and advanced functionality, while maintaining full control over privacy and data security. By leveraging DeepSeek’s technical strengths, the platform can more effectively address the needs of a diverse user base of patients and healthcare providers.

For Patients: The platform enhances health management by providing analysis of medical reports, test results, and other health data. Leveraging these insights, healthcare providers are able to offer medication guidance, and post-diagnosis care plans.

For Healthcare Providers: Fangzhou’s DeepSeek-R1 powered “AI Assistant” can streamline prescription reviews and patient management, allowing doctors to focus on more critical medical tasks. The model’s data-driven logic also incorporates science-based decision support, aiding in diagnosis and optimized treatment plans.

Innovating for the Future

Looking ahead, Fangzhou is focused on developing a number of “AI Agent” applications in 2025, with the aim of harnessing DeepSeek-R1’s powerful analytical reasoning capabilities to extract greater insights from medical data. By creating specialized “AI Agent” solutions, Fangzhou intends to advance Internet healthcare towards greater efficiency and precision.

About Fangzhou Inc.

Fangzhou Inc. (06086.HK) is China’s leading online chronic disease management platform, serving 45.6 million registered users and 217,000 doctors (as of June 30, 2024). The Company provides tailored medical care and precision medicine solutions for chronic disease patients. For more information, visit https://investors.jianke.com.

About DeepSeek

Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd., also known commercially as “DeepSeek”, is a Chinese artificial intelligence company specializing in the development of large language models (LLMs). Based in Hangzhou, Zhejiang, it is owned and funded by the Chinese hedge fund High-Flyer. DeepSeek was founded in July 2023 by High-Flyer and the company launched an eponymous chatbot alongside its DeepSeek-R1 model in January 2025.

Media Contact
For further inquiries or interviews, please reach out to:
Xingwei Zhao Associate Director of Public Relations Email: pr@jianke.com

Disclaimer: This press release contains forward-looking statements. Actual results may differ materially from those anticipated due to various factors. Readers are cautioned not to place undue reliance on these statements

Powering the World’s First Internet of Forests – Building a Sustainable Future for Generations to Come


Miami, Florida – Newsfile Corp. – February 18, 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) is proud to announce the signing of a landmark, multi-year agreement with the US based ONE AMAZON. The ONE AMAZON partnership led by Rodrigo Veloso, includes prominent organizations such as AECOM, CAF (Development Bank of Latin America), Abu Dhabi Investment Group (ADIG), MIT Media Lab and Goldman Sachs. This collaboration introduces the world’s first Internet of Forests (IoF™), a revolutionary approach to environmental conservation and sustainable development. This multi-billion-dollar initiative is not only the world’s first, but also the world’s largest deployment of environmental biodegradable sensors, creating an unprecedented real-time intelligence network across the Amazon.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/241267_d805377224d3ebe9_001full.jpg

Introducing the Internet of Forests (IoF™)

The IoF™ is an innovative platform designed to digitally monitor and protect the Amazon Rainforest. By integrating advanced technologies such as satellite imagery, drone surveillance, ground-based environmental sensors and bio-sensing techniques, the IoF™ provides unprecedented insights into the health and dynamics of the Amazon’s ecosystems. This comprehensive monitoring system enables real-time data collection and analysis across millions of hectares, facilitating proactive conservation efforts and informed decision-making.

Gorilla’s Technological Contribution

As a leader in AI-driven solutions and IoT technologies, Gorilla is providing the critical infrastructure for the IoF™. Contributions include:

  • Advanced Environmental Sensors: Deployment of sophisticated devices to monitor various environmental parameters, including temperature, humidity, soil moisture and air quality, across vast areas of the rainforest.
  • High-Performance Servers: Implementation of robust computing systems capable of processing and storing the immense volumes of data collected from the sensor networks.
  • Artificial Intelligence Algorithms: Development of AI models to analyse data patterns, predict potential environmental threats and inform proactive conservation strategies.
  • Resilient Communication Networks: Establishment of reliable infrastructure to ensure seamless data transmission from remote forest locations to central analysis hubs using LoRaWAN, satellite uplinks to ensure uninterrupted data flow, even in extreme conditions.

These technologies work in unison to create a comprehensive monitoring system, ensuring the Amazon’s health and resilience for future generations.

Empowering Indigenous Communities

Central to the ONE AMAZON initiative is the empowerment of indigenous communities. By involving local populations in conservation efforts and providing them with sustainable economic opportunities, the project ensures that the benefits of preservation are shared equitably. This inclusive approach not only safeguards the rainforest but also enriches the lives of those who depend on it.

Building the World’s Largest Sustainability Database

The data collected through the IoF™ will contribute to building the world’s largest database on rainforest sustainability. This extensive repository will encompass information on deforestation rates, biodiversity changes, carbon sequestration levels and other critical environmental metrics. By providing access to this data, the initiative aims to support scientific research, inform policy decisions and promote global awareness about the importance of rainforest conservation.

Goldman Sachs’ Role in Sustainable Finance

Goldman Sachs is developing a first-of-its-kind tradable financial platform that will transform natural capital into digital assets, leveraging blockchain technology, tokenised securities and AI-powered valuation models to unlock sustainable investment opportunities. This platform will be directly backed by the data collected through the Internet of Forests (IoF™), creating a transparent, secure and verifiable system to measure and monetise conservation impact.

By integrating smart contracts, decentralised ledgers and tokenised assets, Goldman Sachs is establishing a new class of digital financial instruments, including:

  • Nature-Backed Digital Securities – Representing tradable financial instruments tied to verified conservation and carbon sequestration efforts
  • Amazon-Linked Blockchain Tokens – Tokenised ecological assets that allow investors to participate in the preservation of the rainforest
  • AI-Powered ESG Valuation Models – Leveraging AI and real-time environmental data to dynamically assess the value of the Amazon’s ecosystem services
  • Regenerative Finance (ReFi) Mechanisms – Incentivising sustainable land management and biodiversity restoration through financial rewards

This groundbreaking investment framework turns the Amazon into a real, investable asset, ensuring long-term financial support for conservation while driving economic growth for local communities.

By securitising rainforest sustainability through a 30-year land-backed digital asset, Goldman Sachs is proving that financial innovation and environmental protection can co-exist, paving the way for a global model of nature-backed investments.

Statements from Key Partners

Jay Chandan, Chairman & CEO of Gorilla Technology Group Inc., commented:

“Gorilla Technology is not just a partner in ONE AMAZON – we are now part of its core team, driving the digital and economic transformation of the world’s most valuable natural asset. The Internet of Forests™ is more than a network of sensors, it is a groundbreaking framework where AI, blockchain-backed digital assets and real-time environmental intelligence converge to create the world’s first fully quantified and investable natural ecosystem.

As a key architect of ONE AMAZON’s digital and economic infrastructure, Gorilla is deploying cutting-edge AI, data intelligence and security solutions to enable the Amazon Rainforest to be monitored, protected and valued at an unprecedented scale. By digitising nature itself, we are building a system where sustainability is directly tied to financial growth, ensuring long-term impact for both investors and the planet.

Rodrigo Veloso has long demonstrated an extraordinary ability to structure financial instruments that challenge and reshape traditional markets. Having successfully taken Trump’s Truth Social public through a SPAC, he is now setting his sights on an even larger financial revolution, raising tens of billions of dollars to establish the largest impact fund ever created for environmental protection. This fund will not only secure the Amazon’s future but will redefine how global capital is deployed to preserve and sustain critical natural resources.

This is more than conservation, it is a reimagination of how nature, technology and finance intersect. The world is watching, and Gorilla Technology is proud to be at the heart of this movement, working alongside visionary leaders and institutions to deliver a lasting legacy of sustainability, innovation and economic transformation.”

Rodrigo Veloso, Co-founder and CEO of ONE AMAZON, stated:

“This collaboration represents a transformative step towards securing the future of the Amazon biome. With Gorilla Technology’s cutting-edge AI and environmental intelligence solutions, alongside the commitment of our global consortium partners, we are not only protecting the rainforest but unlocking its true value in a way that benefits both nature and people.

The Amazon Rainforest is the world’s most vital natural resource and for the first time in history, we are turning its ecological value into a measurable, tradable and investable asset. Through a carefully structured strategy of finite supply, growing revenue streams from carbon credits, biodiversity credits and sustainable forestry activities and the increasing global demand for nature-backed assets, we expect the value of these securities to grow significantly over time.

I personally believe that the true value of the Amazon’s ecological and economic importance will exceed one trillion dollars within the next decade. This initiative is not just about finance; it is about pioneering a model where nature itself is recognised, valued, and preserved as the most important asset humanity has.”

Renato Costa, Chief Executive Officer & Álvaro Garnero, Chief Sustainability Officer, Brazil Invest ADIG added:

“Brazil Invest ADIG (Abu Dhabi Investment Group) is proud to announce its participation in O.N.E. AMAZON, a groundbreaking initiative dedicated to valuing the Amazon Biome as more valuable alive than any other economic alternative. We are excited to support Rodrigo Veloso and O.N.E. AMAZON in this critical endeavour. The potential impact of this initiative is immense, and we are proud to join forces in shaping a sustainable future for the Amazon and beyond.”

Jaime Niño Tarazona, Head of LATAM, AECOM, remarked:

“The Amazon Rainforest is one of the world’s most critical ecosystems and its protection requires innovative, large-scale solutions. At AECOM, we are proud to serve as the advisors and master planners for the ONE AMAZON initiative, applying our global expertise in infrastructure, water management and renewable energy to this groundbreaking mission.

By designing eco-friendly, climate-resilient infrastructure and supporting the deployment of the world’s largest network of biodegradable sensors, we will create an unprecedented environmental intelligence system. This will not only help safeguard the Amazon but also establish a global benchmark for sustainable ecosystem management.

Together with Gorilla Technology and our global partners, we are turning the vision of the Internet of Forests™ into a reality – protecting nature while enabling sustainable economic growth.”

John Eleoterio, Managing Director, Global Banking & Markets, highlighted:

“Investing in the preservation of the Amazon Rainforest is not only an environmental imperative but also an economic opportunity. We are proud to be part of this consortium, leveraging financial innovation to fund sustainable initiatives.”

Sergio Díaz-Granados, Executive President of CAF, added:

“This effort is a concrete example of how nature conservation can be valued to generate direct and sustainable financial returns for those protecting ecosystems. This initiative will demonstrate that preserving the planet is a profitable investment and that nature-based solutions have the potential to become concrete and powerful responses for the sustainable development of our countries.”

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about our ability to execute definitive agreements related to this smart education project, attract the attention of customers and win additional projects, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor Relations Contact:

Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

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

About Gorilla Technology Group Inc.

Record 20th anniversary year results solidify DIFC’s position as region’s number one global financial centre

DUBAI, UAE, Feb. 18, 2025 /PRNewswire/ — Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, continued to bolster Dubai’s position as the region’s financial services capital during its 20th year.

Record 20th anniversary year results solidify DIFC’s position as region’s number one global financial centre
Record 20th anniversary year results solidify DIFC’s position as region’s number one global financial centre

 

Home to 6,920 active companies, up from 5,523 companies in 2023, DIFC attracted 1,823 new registrations.

Combined revenues for 2024 reached AED 1.78bn (USD 484mn) and operating profit grew to AED 1.33bn (USD 363mn).

Technology and innovation remain the fastest growing sector with 1,245 companies in 2024.

The workforce expanded to 46,078, up 10 per cent. The AI, FinTech and Innovation workforce stands at 4,243.

DIFC is home to the region’s largest cluster of financial services companies including more than 260 banking and capital markets companies, 410 wealth and asset management firms, 75 hedge funds, and 125 insurance and reinsurance related companies. Over 70 brokerage companies are also part of the ecosystem.

DIFC now includes 27 of the world’s 29 global systemically important banks (G-SIBs), eight of the 10 pre-eminent global money managers, five of the highest ranked insurance brokers, and five of the top 10 interdealer brokers by volume.

At the end of 2024, the Dubai Financial Services Authority (DFSA) regulated or supervised in excess of 900 entities. 

More than 800 family-related businesses are located in DIFC, up from 600. The leading 120 families and wealthy individuals in the community are managing more than USD 1.2trn of wealth globally. The use of Foundation structures jumped to 671.

The Dubai AI Campus attracted more than 120 companies in the initial six months of operations.

DIFC owned and managed properties have been operating at 99.8 per cent occupancy. More than 1.6mn sq. ft. of commercial space will be introduced following the launches of DIFC Square, Innovation Two, and Immersive Tower by DIFC.

9,156 people graduated from DIFC Academy programmes, totalling 41,456 learners since inception.

His Excellency Essa Kazim, Governor of DIFC, commented: “DIFC has played a leading role in transforming Dubai and the UAE’s economic landscape, in line with the Dubai Economic Agenda (D33). DIFC will continue to forge new partnerships to further strengthen our reputation for driving the future of finance.”

 

Mining Disrupt 2025: The Must-Attend Bitcoin Mining Event | March 25-27 – Get Tickets Now!

FORT LAUDERDALE, Fla., Feb. 18, 2025 /PRNewswire/ — March 25-27, 2025 – The world’s largest Bitcoin mining conference is back and bigger than ever! Mining Disrupt 2025 will take over the Broward Convention Center for an unforgettable two-day experience of innovation, networking, and industry-shaping discussions.

This 7th edition of Mining Disrupt promises to be our most exciting yet, with miners, innovators, investors, and blockchain enthusiasts from around the globe coming together to shape the future of Bitcoin mining.

What’s Happening at Mining Disrupt 2025?

  • World-Class Speakers – Industry leaders and disruptors sharing their insights on Bitcoin mining, blockchain, and finance.
  • Expert Panels & Discussions – Key topics include:
    • The latest mining hardware & software advancements
    • The energy debate: Tackling sustainability in mining
    • Bitcoin mining’s role in the global economy
  • Massive Expo Hall – 200+ exhibitors showcasing ASICs, cooling systems, renewable energy solutions, and software tools.
  • Bitcoin Mining Museum – Explore mining history with rare rigs, iconic artifacts, and milestones.
  • Networking Opportunities – Connect with industry leaders, sponsors, and fellow miners through lounges and casual meetups.
  • Epic Parties & Side Events – Start with our exclusive Pre-Party on March 25th at the Seminole Hard Rock Casino, plus two side events to keep the energy going.

Who’s Attending? Mining Disrupt 2025 will feature top companies and brands, including Bitmain, Canaan, Genesis Mining, Foundry, and more, all showcasing the latest advancements and forging new partnerships.

Tickets & VIP Perks: 

  • General Pass – Full access to keynotes, panels, expo, and networking events.
  • VIP Pass – Includes everything in the General Pass, plus VIP Lounge access with free food & drinks.
  • Whale Pass – Premium networking, backstage access, and a private lounge for VIPs and industry leaders.

Get your tickets now!

 – Bitcoin and crypto payments accepted!

About Mining Disrupt
Since 2018, Mining Disrupt has been the #1 Bitcoin mining conference, drawing attendees from 50+ countries. Whether you’re a seasoned miner, an investor, or just Bitcoin-curious, this is the place to be.

Got questions? Want to sponsor? Reach out to us at miningdisrupt.com/contact.

See you in Fort Lauderdale!

Frost & Sullivan Honors Forcepoint with the 2024 Global Company of the Year Award for Enabling “Data Security Everywhere”

Forcepoint is recognized for delivering a full lifecycle approach to data protection across endpoints, networks, cloud, SaaS, and hybrid environments.

SAN ANTONIO, Feb. 18, 2025 /PRNewswire/ — Frost & Sullivan recently assessed the data loss protection (DLP) industry and, based on its findings, recognizes Forcepoint with the Global Company of the Year Award for the second consecutive year. Driven by a “Data Security Everywhere” approach, Forcepoint delivers a full-lifecycle solution that provides real-time visibility and control over data across globally distributed enterprises and governments. Whether on-premises, in the cloud, or across hybrid environments, Forcepoint’s data security solutions adapt to modern business needs such as GenAI and other digital transformation initiatives. Protecting sensitive data across endpoints, SaaS applications, web, and email with a unified, automated policy engine and SaaS-based DLP solutions, Forcepoint has established its reputation as the architect of modern data security.

Forcepoint’s data security solutions adapt to modern business needs such as GenAI and other digital transformation initiatives.
Forcepoint’s data security solutions adapt to modern business needs such as GenAI and other digital transformation initiatives.

Georgia Edell, consultant at Frost & Sullivan, observed, “Forcepoint doesn’t just protect business data – it helps enable businesses to stay ahead of a growing threat landscape by simplifying security for the people who manage it. By simplifying workflows, enhancing user interfaces, and streamlining policy management, Forcepoint aims to empower security analysts to work more efficiently and effectively in safeguarding sensitive data across diverse digital environments.”

Why Forcepoint Stands Out in DLP
Consistently recognized among the top DLP and data security software providers by users and industry analysts, Forcepoint DLP prioritizes superior visibility and control over business data. Key features include:

  • Unified Security Policy Management: A single policy engine ensures consistent enforcement across all data channels, reducing complexity and manual intervention.
  • GenAI-Ready Protection: Forcepoint helps businesses secure AI-powered workflows, ensuring innovation doesn’t come at the cost of security.
  • Adaptive, Risk-Based Security: Risk-Adaptive Protection (RAP) enables automated remediation and dynamic access control based on user behavior, responding in real time to potential threats.
  • Forensic-Level Visibility: Built-in secure evidence lockers provide analysts with a clear, actionable trail of security incidents, from origin to resolution.

“Forcepoint continues to lead the DLP space, pushing the boundaries of what data security can achieve through its best-in-class data protection capabilities,” added Edell. “The evolution of its SaaS DLP solution ensures customers get the best of enterprise-grade security, now tailored for the modern cloud and AI-driven world.”

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

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

About Frost & Sullivan

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

Contact:

Tarini Singh
E: tarini.singh@frost.com

Hardware cybersecurity leader, X-PHY Inc, appoints US General Manager to strengthen presence and drive growth in North America

Wayne Maw joins company’s management team to head its US operations

SAN MATEO, Calif., Feb. 18, 2025 /PRNewswire/ — Hardware cybersecurity pioneer X-PHY Inc (the “Company“) today announced the appointment of Wayne Maw as its US General Manager. With extensive experience in technology leadership, business development, and cybersecurity, Wayne will spearhead X-PHY’s continued expansion in North America, focusing on driving adoption of its AI-embedded, hardware-based security solutions.

Wayne Maw, X-PHY Inc's US General Manager
Wayne Maw, X-PHY Inc’s US General Manager

In this role, Wayne will oversee X-PHY’s business strategy, customer engagement, and partnerships in the US, ensuring that enterprises and government agencies have access to proactive, real-time cybersecurity solutions that eliminate reliance on traditional software defenses. His leadership will be instrumental in advancing the Company’s mission of delivering autonomous, hardware-layer security to protect critical digital assets.                                                                                                         

“I am thrilled to join X-PHY at such a pivotal moment for the cybersecurity industry,” said Wayne Maw, US General Manager, X-PHY Inc. “With cyber threats growing in complexity and scale, it is clear that a paradigm shift is needed or the war against cybercrime will be lost. Cybersecurity must move beyond reliance on human intervention and software patches. X-PHY’s hardware-based approach is a game changer, and I look forward to working closely with our partners and customers to establish this as the new standard for data protection.”

Camellia Chan, Co-Founder and CEO of X-PHY Inc, said, “We are excited to welcome Wayne to X-PHY’s leadership team as we accelerate our presence in the US. His deep understanding of technology, operations and business strategy will be invaluable as we drive forward our mission of reshaping cybersecurity with intelligent, hardware-embedded protection. With Wayne at the helm of our US operations, we are confident in our ability to scale our impact and support businesses and government entities in fortifying their cybersecurity infrastructure.”

Wayne brings over 20 years of experience in IT, cybersecurity, and leadership. He holds a Master’s in Business Administration and Leadership and a degree in Electrical Engineering Technology. He is also a Certified Information Systems Security Professional (CISSP).

Since its founding 2021, X-PHY Inc has expanded its presence in the United States with corporate offices in San Mateo, California, and Maryland, reinforcing the Company’s commitment to serving critical infrastructure, enterprise, and government sectors with next-generation security solutions that proactively detect, respond to, and prevent cyber threats at the hardware level.

About X-PHY Inc

X-PHY Inc is a pioneering cybersecurity company dedicated to hardware-based cybersecurity solutions that protect data at its core. Built on the principle of Security by Design, X-PHY embeds protection directly at the physical layer for proactive, autonomous, and real-time defense against evolving cyber threats. Headquartered in California, USA, X-PHY Inc was established in 2021 and has since developed a growing portfolio of 43 patents, reinforcing its commitment to innovative AI-embedded security at the hardware level. The company’s patented solutions safeguard endpoints, servers, and data centers, ensuring zero-trust resilience across industries.

X-PHY Inc is part of the Flexxon Group, a leader in hardware engineering and memory solutions, leveraging its legacy of innovation and expertise in secure storage to build cutting-edge cybersecurity technologies for the digital world.

For more information, please visit:
X-PHY: x-phy.com
Flexxon: flexxon.com 

Lichen China Limited Announces Receipt of Nasdaq Delisting Notice Subject to Hearing Request

XIAMEN, China, Feb. 18, 2025 /PRNewswire/ — Lichen China Limited (Nasdaq: LICN) (“Lichen China” or the “Company”), a dedicated financial and taxation service provider in China today announced that it has received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying that the Company is not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”), as the Company’s securities had a closing bid price of $0.10 or less for eleven consecutive trading days from January 28, 2025 through February 11, 2025. The letter indicated that, as a result, the Nasdaq staff has determined to delist the Company’s ordinary shares from The Nasdaq Capital Market (the “Delisting Determination”).

As previously reported, on January 23, 2025, Nasdaq notified the Company that the bid price of its listed securities had closed at less than $1.00 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2). The Company was provided 180 calendar days, or until July 22, 2025, to regain compliance with this rule. The Delisting Determination ended the aforementioned compliance period before its expiration because the Company’s stock prices have triggered the Low Priced Stocks Rule. The Company was provided until February 19, 2025 to request an appeal of the Delisting Determination to the hearing panel.

The Company intends to request such hearing to appeal the Delisting Determination before that date, which will stay the suspension of its securities from the date of the request, during which time such securities will continue to be listed on The Nasdaq Capital Market.

If the Company fails to request an appeal of the Delisting Determination by February 19, 2025, trading of the Company’s ordinary shares will be suspended at the opening of business on February 21, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market.

The Company is considering all potential options available to it to regain compliance with the aforementioned rules, including seeking shareholders’ approval for a reverse stock split.

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