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TestMu AI Launches Kane CLI, the New Browser Automation Tool Built for AI Agents and Developers

The terminal-native browser verification tool ships today with native support for Claude Code, Codex CLI, Cursor, and Gemini CLI, and it’s free to start

SAN FRANCISCO and NOIDA, India, April 29, 2026 /PRNewswire/ — TestMu AI (formerly LambdaTest), the world’s first full-stack Agentic Quality Engineering platform, today announced the launch of Kane CLI, a new browser automation tool that runs directly from the terminal. Kane CLI is the first tool designed simultaneously for human developers and AI coding agents, closing the gap between code generation and verified browser execution.

AI coding agents have transformed how software gets written, as AI agents are shipping code faster than any QA team can click through flows manually. Features ship from prompts. Bugs get fixed in seconds. But the development loop has never fully closed: no agent can open a browser and verify that what it built actually works. That step still falls to a human. Kane CLI is built to close this loop.

Teams build features, spot bugs, ship code, and run agents. Kane CLI is the verification layer for all of it. Developers and QA engineers describe the flow and get pass or fail with a full step trace and screenshot before the PR goes up. Designers and PMs verify fixes and broken flows without filing a ticket or waiting for a developer, then drop the shareable evidence link straight into Slack or Jira.

AI agents like Claude Code, Codex CLI, Cursor, and Gemini CLI build a feature; Kane CLI is the missing tool that tells them whether it actually works in the local Chrome browser.

Key Capabilities of Kane CLI include:

  • Intent-based browser control: Operates purely on intent, requiring no selectors or underlying code.
  • Resilient runs: Kane CLI does not return halfway. It adapts and pushes through, up to 50 steps per flow, until the full journey is verified. Other tools break on the first change. Kane CLI finishes the run.
  • Playwright export: Converts plain English test flows into native Playwright test code with one command.
  • Automated bug discovery: Actively monitors and surfaces unexpected behaviors while the test flow is running.
  • Vision-based dynamic waiting: Detects loaders and animations on screen before acting. Not network-based. Handles canvas, Shadow DOM, and element frameworks that cannot be resolved.
  • Ask the tool for OTPs and CAPTCHAs: When an automated flow hits an OTP screen or a CAPTCHA, it does not fail silently. Kane CLI pauses, asks the human to handle that one step, and then continues the run. For AI agents, this is human-in-the-loop without stopping the entire workflow.
  • Two-way script migration: Convert existing Playwright or Selenium scripts to Kane CLI. Convert Kane CLI tests back to Playwright. No rewrite from scratch.
  • Inbuilt Test Manager sync: Every test case created locally is also saved remotely. Shareable proof attached automatically.
  • CI/CD ready: Runs headlessly in GitHub Actions, GitLab CI, Jenkins, and Bitbucket Pipelines. Standard exit codes plug into pipeline control flow without any custom scripting.
  • Contextual authoring: Give Kane CLI context about your app, and it authors parallel test cases across multiple browser sessions from a single prompt.

Three Ways to Run

Kane CLI ships with three modes so humans and agents can consume it the same way from the same terminal.

  • Interactive TUI – No arguments needed. A full terminal UI opens for exploring, iterating, and chaining tests across a live browser session.
  • Headless CLI – Add –headless for scriptable, display-free runs. Built for shell scripts and CI pipelines.
  • Agent Mode – Add –agent –headless. Outputs structured NDJSON that Claude Code, Codex CLI, and Gemini CLI read natively to decide what to do next.

Asad Khan, CEO & Co-Founder, TestMu AI, said, “For years, the bottleneck in software was writing the code. Vibe coding removed that. Teams are shipping more software, faster, than at any point in the history of our industry. But it exposed a new bottleneck most teams haven’t named yet: trust. Every feature that ships from a prompt is a feature nobody has actually verified. At agentic speed, ‘a human will click through it later’ is not a plan — it’s a liability, compounding at the speed of AI. It’s a growing pile of unverified work. That’s why we built Kane CLI. One terminal command, a real browser, pass or fail. Software has always trusted the people who wrote it. Now, for the first time, it has to trust the machines. Kane CLI is how trust scales in the agentic era.”

As part of its launch, TestMu AI is offering bonus credits for the first three months to teams that activate a paid plan during the introductory period. The offer is designed to give engineering and quality teams full access to Kane CLI’s cloud capabilities.

Kane CLI is available today, free to start. Install via npm or brew, log in, and run your first flow.

Installation command for Kane CLI via npm – npm install -g @testmuai/kane-cli

Installation command for Kane CLI via Homebrew – brew install LambdaTest/kane/kane-cli

Or building with an AI agent? Point it to testmuai.com/kane-cli/agents.md

For a quick start, visit the docs at testmuai.com/support/docs/kane-cli-introduction/ and to learn more, visit testmuai.com/kane-cli

About TestMu AI (Formerly LambdaTest)

TestMu AI is the world’s first Agentic AI-powered Quality Engineering platform, designed to enable organizations to automate and scale testing with intelligence at its core. By combining autonomous capabilities with seamless integration across modern development workflows, TestMu AI empowers teams to deliver faster, more reliable, and secure software in an AI-first world.

For more information, visit https://www.testmuai.com/

 

Hong Kong Patient Overcomes Four IVF Failures with Taiwan NUWA Healthcare’s Precision Medicine; Taiwan Emerges as Leading Fertility Hub with One-Third the Cost of US and HK

TAIPEI and TAICHUNG, April 29, 2026 /PRNewswire/ — A 38-year-old Hong Kong woman has successfully achieved pregnancy and “graduated” from her fertility journey after four previous failed IVF attempts in Hong Kong. The breakthrough came under the care of Dr. Cheng-Hsuan Wu, Vice Director of NUWA Fertility Center in Taichung, whose medical intervention identified a long-overlooked case of chronic endometritis and utilized advanced PGT-A and ERA screening technologies to ensure a successful embryo transfer.

Chronic Endometritis: The Hidden Culprit Behind Recurrent Implantation Failure

Upon her initial arrival at the clinic, the patient was disheartened, believing this was her final opportunity. Following a thorough hysteroscopy, Dr. Wu identified Chronic Endometritis as the critical cause of her past failures. Dr. Wu explained that chronic inflammation of the uterine lining alters the micro-environment, making it difficult for embryos to implant—a hidden factor frequently overlooked in cases of recurrent implantation failure.

Dr. Wu further noted that according to medical literature, approximately 30% of habitual miscarriages and recurrent failures are caused by chronic endometritis. For this patient, a two-week course of antibiotic treatment was administered to resolve the inflammation before officially commencing the IVF cycle.

Cutting-Edge Technology: PGT-A and ERA Identify the “Golden Window” for Implantation

To maximize the success rate of a single transfer for a patient with multiple previous failures, Dr. Wu utilized two key technologies:

  • PGT-A (Preimplantation Genetic Testing for Aneuploidy): Ideal for advanced maternal age or those with recurrent miscarriages. By screening for embryos with the correct number of chromosomes, PGT-A significantly reduces miscarriage rates and boosts the pregnancy rate per transfer.
  • ERA (Endometrial Receptivity Analysis): Every woman has a unique “window of implantation”. Approximately 30% of women have a window that differs from the standard timing. ERA uses genetic testing to calculate the precise hour for transfer, ensuring the embryo is introduced when the uterine lining is at its most receptive state.

By combining high-quality embryos screened via PGT-A with the precise timing determined by ERA, Dr. Wu carefully transferred a healthy embryo, resulting in an immediate pregnancy for the patient who had nearly given up hope.

Taiwanese Reproductive Medicine: A Top Choice in Asia

Dr. Wu observed a significant increase in patients traveling to Taiwan from Hong Kong, Macau, Japan, Southeast Asia, Europe, and the U.S. for egg freezing, IVF, or donor egg programs. He highlighted three primary reasons for this trend:

  1. Technical Success Rates: Taiwan’s IVF success rate is ranked second in the world, following only the United States. NUWA Healthcare features high-specification laboratories and professional embryologists, supported by precision monitoring systems that ensure treatment stability.
  2. Cost Competitiveness: The cost of IVF and egg freezing in Taiwan is approximately one-third of the prices in the U.S. and Hong Kong, offering world-class medical services at a more accessible price point.
  3. Comprehensive Medical Support: With frequent flights between Hong Kong and Taiwan and multi-language support, NUWA Healthcare offers a seamless experience. The clinic provides online consultations and flexible weekend appointments, significantly reducing the temporal and psychological burden on international patients.

“Witnessing the transformation of a patient’s despair into the joy of pregnancy not only fulfills a family’s dream but also proves the technical prowess and compassionate care of Taiwan’s medical sector on the international stage,” Dr. Wu emphasized.

Dr. Cheng-Hsuan Wu of NUWA Healthcare notes the growing number of Hong Kong patients traveling to Taiwan for egg freezing or IVF treatments reflects Taiwan's advanced medical capabilities.
Dr. Cheng-Hsuan Wu of NUWA Healthcare notes the growing number of Hong Kong patients traveling to Taiwan for egg freezing or IVF treatments reflects Taiwan’s advanced medical capabilities.

For more international success stories from NUWA Healthcare:
https://www.nuwacare.com/zh-TW/stories/intl-Healthcare-Center/1

Information on IVF and Egg Freezing Seminars:
https://www.nuwacare.com/zh-TW/news/seminars/1

Comparison Guide: IVF in Hong Kong vs. Taiwan:
https://www.nuwacare.com/zh-TW/health-education/hongkong-taiwan-ivf-price

Seven Golds for Seven Wines: Spy Valley Named New Zealand Winery of the Year at London Wine Competition

BLENHEIM, New Zealand, April 29, 2026 /PRNewswire/ — Spy Valley Wines has achieved a clean sweep at the London Wine Competition 2026, securing gold medals for all seven wines entered and being named Winery of the Year New Zealand.

The winning line-up included the 2023 Envoy by Spy Valley Sauvignon Blanc, 2024 Spy Valley Chardonnay, and 2025 Spy Valley Sauvignon Blanc, alongside a diverse mix of varietals.

Widely regarded as one of the industry’s most influential competitions, the London Wine Competition is judged by Masters of Wine, Master Sommeliers and senior buyers, assessing wines on quality, value and market appeal.

“To be recognised on this stage is incredible,” said owner and managing director Amanda Johnson. “We’ve always believed that staying true to our land and standards would deliver results. This is a proud moment for our entire team.”

The result builds on recent international success, including Best New Zealand Wine at the 2025 Global Wine & Spirits Awards Asia for its 2024 Gewürztraminer.

Winemaker Emily Gaspard-Clark said the breadth of recognition was particularly rewarding. “Achieving seven golds across multiple varietals shows we’re more than just a Sauvignon Blanc producer.”

Family-owned and operated, Spy Valley Wines has spent more than 30 years developing its estate in Marlborough’s Waihopai Valley, where stony, free-draining soils shape the character and intensity of its wines.

“Achieving consistent excellence across the range means a great deal,” said Head of Viticulture and Winery Operations Adam McCone.

Spy Valley is imported by Broadbent Selections, Richmond, Virginia.

About Spy Valley Wines
Spy Valley Wines is a family-owned estate winery located in New Zealand’s Waihopai Valley, Marlborough. Established in 1993, the winery is known for its expressive Sauvignon Blanc, Pinot Noir, Chardonnay and other aromatics. The estate is a member of Sustainable Winegrowing New Zealand and Appellation Marlborough Wine, and has received multiple international awards, including IWSC New Zealand Wine Producer of the Year.

 

bedra Showcases High-Performance Copper Alloys for AI Data Centers and High-Voltage Power Systems at IEEE PES T&D 2026

CHICAGO, April 29, 2026 /PRNewswire/ — As artificial intelligence continues to scale globally, the infrastructure supporting it is undergoing rapid transformation. Increasing compute density is driving higher thermal loads in data centers, while rising electricity demand is placing growing pressure on power transmission and distribution systems. In this evolving landscape, material performance has become a key factor in enabling efficiency, reliability, and scalability.

High-Performance Copper Alloys for AI Data Centers
High-Performance Copper Alloys for AI Data Centers

bedra, a global manufacturer of precision copper alloys, addresses these challenges with a portfolio of high-performance materials engineered for AI-related applications. At IEEE PES T&D 2026, the company will present its latest innovations, represented on site by its Vietnam-based subsidiary. The following two application areas highlight how bedra’s materials support the development of AI.

Enabling High-Density AI Computing Systems

Within AI data centers, rising rack-level power density is accelerating the adoption of liquid cooling. bedra’s high-purity copper materials serve as critical components for liquid cooling plates, enabling efficient heat dissipation at hotspot including GPU and CPU. Powerway high-performance copper alloys feature exceptional resistance to high-temperature softening. With post-brazing strength exceeding pure copper by >30%, they ensure structural integrity, enabling the miniaturization of next-generation liquid cooling components.

Our oxygen-free copper, with electrical conductivity of up to 101% IACS, bedra’s copper alloys support efficient power delivery within data centers by reducing voltage drop and minimizing energy loss under high-current conditions. Their excellent formability enables compact electrical cabinet designs, while tight dimensional tolerances for rack-level busbars ensure full compatibility with OCP standards. Moreover, Optional silver and tin plating further extend application performance.

Supporting Power Infrastructure for AI Expansion

Beyond data centers, AI growth is increasing demand for reliable power infrastructure. Medium- and high-voltage systems operate under extreme conditions, making material performance essential for long-term stability.

bedra offers a range of engineered copper alloys. Materials such as bedra18200, Cu-Cr precipitation-strengthened alloy, has about 75% of pure copper’s conductivity but significantly higher strength and hardness.With very good resistance to softening, wear, and deformation at high temperatures, it’s quite suitable for stationary contacts, contact stems, contact bases, and other current-carrying structural members. For some demanding high-voltage environments, bedra18150(Cu-Cr-Zr) offers upgraded performance with improved creep resistance and enhanced high-temperature stability. This ensures reliable electrical performance, minimal wear, and extended service life. bedra10100, Cu-OFE Oxygen-Free-Electronic Copper, is ideal for high-reliability parts in HV vacuum interrupters, minimizing energy losses and improving dielectric performance.

Empowering Global Supply with Scalable Production

Our modern production facility in Vietnam underpins bedra’s global supply chain with large-scale, reliable manufacturing capabilities. Boasting an annual production capacity of 50,000 tons and holds ISO9001, ISO14001, ISO45001 and IATF16949 certifications, bedra provides over 400 copper, brass, bronze and nickel silver alloy grades,plus customized special profiles.

Sustainability is integral to bedra’s operations. Recognized with an EcoVadis Bronze Medal and CDP Grade B, we maintain a diversified, low-carbon energy mix to support responsible material production for critical power infrastructure worldwide.

Visitors to IEEE PES T&D 2026 can meet bedra at Booth 4885 to learn more.

Zhengye Biotechnology Holding Limited Announces Fiscal Year 2025 Financial Results

JILIN, China, April 29, 2026 /PRNewswire/ — Zhengye Biotechnology Holding Limited (Nasdaq: ZYBT) (the “Company” or “Zhengye”), a veterinary vaccine manufacturer that encompasses research, development, manufacturing, and sales of veterinary vaccines, with a focus on livestock vaccines in China, today announced its financial results for the fiscal year ended December 31, 2025.

Mr. Songlin Song, co-chief executive officer of Zhengye, remarked, “Fiscal year 2025 was a year of resilience for Zhengye. While the broader hog market experienced low and volatile price fluctuations and government macro-control policies contributed to near-term pressure on swine vaccine demand, we remained focused on executing our strategy and driving long-term value creation. We are encouraged by the continued growth in our other vaccines segment, particularly vaccines for sheep, which contributed to improving our revenue mix. On the international front, we made progress in advancing vaccine registrations in certain overseas markets, including Egypt, Pakistan, and Vietnam, supporting our long-term expansion strategy.”

“We continued to prioritize research and development as a core driver of our future growth. In 2025, we achieved several regulatory milestones, including the approval of two National Category I New Veterinary Drugs and one National Category III New Veterinary Drug from the Ministry of Agriculture and Rural Affairs. We also secured new product approvals across multiple animal species, including swine, poultry, cattle, and sheep, further broadening our commercial offerings. We believe these achievements reflect our ongoing innovation efforts and support our long-term growth strategy.”

Mr. Aiden Han, co-chief executive officer of Zhengye, added, “With our Nasdaq listing, we further strengthened our capital base and financial position, providing a foundation to support our strategic priorities. We ended the year with a stronger cash position of RMB50.3 million, representing an increase from the prior year, which is expected to enhance our ability to invest in research and development, expand our product portfolio, and support future growth initiatives.”

“Looking ahead, we are encouraged by early signs of a gradual recovery in China’s swine market, with industry expectations pointing to a potential price inflection point around mid-year in 2026. We aim to deepen strategic customer engagement, strengthen our product portfolio, expand our customer service ecosystem, and selectively pursue opportunities in the companion animal sector as a new growth driver. We believe these initiatives, together with our operational foundation, will support our ability to navigate industry cycles. We are grateful for the support of our shareholders, customers, and partners, and remain committed to building on our progress as we navigate this period and lay a foundation for Zhengye’s long-term growth.”

Fiscal Year 2025 Financial Summary

  • Net revenue was RMB116.4 million (US$16.6 million) in the fiscal year ended December 31, 2025, compared to RMB186.4 million in the fiscal year ended December 31, 2024.
  • Gross profit was RMB23.9 million (US$3.4 million) in the fiscal year ended December 31, 2025, compared to RMB91.3 million in the fiscal year ended December 31, 2024.
  • Gross profit margin was 20.5% in the fiscal year ended December 31, 2025, compared to 49.0% in the fiscal year ended December 31, 2024.
  • Total operating expenses were RMB94.4 million (US$13.5 million) in the fiscal year ended December 31, 2025, compared to RMB74.9 million in the fiscal year ended December 31, 2024.
  • Net loss was RMB83.0 million (US$11.9 million) in the fiscal year ended December 31, 2025, compared to net income of RMB13.5 million in the fiscal year ended December 31, 2024.
  • Basic and diluted loss per share was RMB1.47 (US$0.21) in the fiscal year ended December 31, 2025, compared to basic and diluted earnings per share of RMB0.25 in the fiscal year ended December 31, 2024.

Fiscal Year 2025 Financial Results

Net Revenue

Net revenue was RMB116.4 million (US$16.6 million) in the fiscal year ended December 31, 2025, representing a decrease of 37.6% from RMB186.4 million in the fiscal year ended December 31, 2024.

For the years ended December 31,

2024

2025

                           (in thousands, except for percentages)

Revenue

RMB

%

RMB

US$

%

Swine vaccines

157,789

84.7

90,143

12,890

77.5

Poultry vaccines

15,506

8.3

12,480

1,785

10.7

Other vaccines

13,061

7.0

13,739

1,964

11.8

Total revenue

186,356

100

116,362

16,639

100

 

  • Revenue from sales of swine vaccines was RMB90.1 million (US$12.9 million) in the fiscal year ended December 31, 2025, decreased from RMB157.8 million in the fiscal year ended December 31, 2024. This decrease was primarily driven by a downturn in the hog market in 2025, characterized by low and volatile prices. Additionally, government macro-control policies aimed at reducing the inventory of productive sows to alleviate periodic oversupply contributed to the reduced demand for swine vaccines.
  • Revenue from sales of poultry vaccines was RMB12.5 million (US$1.8 million) in the fiscal year ended December 31, 2025, decreased from RMB15.5 million in the fiscal year ended December 31, 2024. The decrease was primarily due to normal market fluctuations.
  • Revenue from sales of other vaccines was RMB13.7 million (US$2.0 million) in the fiscal year ended December 31, 2025, increased from RMB13.1 million in the fiscal year ended December 31, 2024. The increase in sales of other vaccines was caused by the increased sales of the vaccines for sheep. 

Cost of Revenue

Cost of revenue was RMB92.5 million (US$13.2 million) in the fiscal year ended December 31, 2025, representing a decrease of 2.7% from RMB95.1 million in the fiscal year ended December 31, 2024. The decrease was mainly due to the decrease in the cost of swine vaccines.

Gross Profit

Gross profit was RMB23.9 million (US$3.4 million) in the fiscal year ended December 31, 2025, decreased from RMB91.3 million in the fiscal year ended December 31, 2024.

Gross profit margin was 20.5% in the fiscal year ended December 31, 2025, decreased from 49.0% in the fiscal year ended December 31, 2024, mainly due to the lower sales price and unchanged fixed cost.

Operating Expenses

Total operating expenses were RMB94.4 million (US$13.5 million) in the fiscal year ended December 31, 2025, increased from RMB74.9 million in the fiscal year ended December 31, 2024.

  • Sales and marketing expenses were RMB43.9 million (US$6.3 million) in the fiscal year ended December 31, 2025, increased from RMB41.3 million in the fiscal year ended December 31, 2024. The increase in sales and marketing expenses was primarily due to higher payroll for sales staffs, and increased advertising expenses and entertainment, partially offset by a decrease in marketing promotion expenses.
  • General and administrative expenses were RMB31.0 million (US$4.4 million) in the fiscal year ended December 31, 2025, increased from RMB22.6 million in the fiscal year ended December 31, 2024. The increase in general and administrative expenses was attributed to the increase in professional technical services and in depreciation and amortization.
  • Research and development expenses were RMB18.0 million (US$2.6 million) in the fiscal year ended December 31, 2025, increased from RMB12.8 million in the fiscal year ended December 31, 2024. The increase in research and development expenses mainly resulted from an increase in research and development projects, which led to an increase in materials.

Net Income (Loss)

Net loss was RMB83.0 million (US$11.9 million) in the fiscal year ended December 31, 2025, compared to net income of RMB13.5 million in the fiscal year ended December 31, 2024.

Basic and Diluted Earnings (Loss) per Share

Basic and diluted loss per share was RMB1.47 (US$0.21) in the fiscal year ended December 31, 2025, compared to basic and diluted earnings per share of RMB0.25 in the fiscal year ended December 31, 2024.

Financial Condition

As of December 31, 2025, the Company had cash of RMB50.3 million (US$7.2 million), compared to RMB18.6 million as of December 31, 2024.

Net cash provided by operating activities was RMB13.3 million (US$1.9 million) in the fiscal year ended December 31, 2025, compared to RMB41.0 million in the fiscal year ended December 31, 2024.

Net cash used in investing activities was RMB12.6 million (US$1.8 million) in the fiscal year ended December 31, 2025, compared to RMB27.7 million in the fiscal year ended December 31, 2024.

Net cash provided by financing activities was RMB32.3 million (US$4.6 million) in the fiscal year ended December 31, 2025, compared to net cash used in financing activities of RMB22.1 million in the fiscal year ended December 31, 2024.

Exchange Rate Information

This announcement contains translations of certain foreign currency amounts into U.S. dollars for the convenience of the reader. Unless otherwise stated, all translations of Renminbi (“RMB”) into U.S. dollars (“US$”) were made at RMB6.9931 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on December 31, 2025.

About Zhengye Biotechnology Holding Limited

Through Jilin Zhengye Biological Products Co., Ltd., the Company’s operating entity based in Jilin, China, Zhengye Biotechnology Holding Limited focuses on the research, development, manufacturing, and sales of veterinary vaccines, with an emphasis on vaccines for livestock. For over 20 years, the operating entity has been committed to enhancing the health of animals. The operating entity has 50 veterinary vaccines, including vaccines for swine, cattle, goats, sheep, poultry, and dogs. The operating entity’s products are available in 29 provincial regions across China and are exported overseas to Vietnam, Pakistan, and Egypt as of the date of this press release. The operating entity has three GMP veterinary vaccine production floors (including 13 GMP vaccine production lines), one quality examination center, and one animal facility for vaccine development. The operating entity has 49 employees who have over a decade of tenure and experience in the veterinary vaccine industry. For more information, please visit the Company’s website: http://ir.jlzybio.com.

Forward-Looking Statements

This announcement contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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 “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this announcement. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. 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 United States Securities and Exchange Commission.

For more information, please contact:

Zhengye Biotechnology Holding Limited 
Investor Relations Department
Email: ir@jlzybio.com

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

 

ZHENGYE BIOTECHNOLOGY HOLDING LIMITED

CONSOLIDATED BALANCE SHEETS

(Amounts in thousands of RMB and US$, except for number of shares)

As of December 31,

2024

2025

RMB

RMB

US$

ASSETS

Current assets:

Cash

18,604

50,332

7,197

Restricted cash

2

2

–

Short-term investments

1,433

1,560

223

Notes receivable, net

25,592

–

–

Accounts receivable, net

59,563

18,485

2,643

Advance to suppliers

10,788

2,208

316

Inventories, net

58,220

39,166

5,601

Prepayments and other current assets, net

2,626

25,667

3,670

Other receivable-a related party

738

–

–

Total current assets

177,566

137,420

19,650

Non-current assets:

Property, plant and equipment, net

255,164

236,812

33,863

Land use rights, net

7,930

7,673

1,097

Intangible assets, net

14,850

47,084

6,732

Right-of-use assets, net

–

469

67

Long-term prepayments

18,698

7,014

1,003

Deferred IPO expenses

8,048

–

–

Net deferred tax assets

10,991

–

–

Total non-current assets

315,681

299,052

42,762

Total assets

493,247

436,472

62,412

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Short-term loans

74,443

65,100

9,309

Current maturities of long-term loans

7,190

700

100

Operating lease liability-current

–

106

15

Accounts payable

42,960

44,010

6,296

Contract liabilities

3,485

4,752

680

Taxes payable

2,066

2,345

335

Amount due to related parties

146

–

–

Accrued expenses and other liabilities

5,617

3,463

495

Total current liabilities

135,907

120,476

17,230

Non-current liabilities:

Long-term loans

4,800

8,850

1,266

Operating lease liability-non-current

–

327

47

Deferred tax liabilities

–

104

15

Total non-current liabilities

4,800

9,281

1,328

Total liabilities

140,707

129,757

18,558

Commitments and contingencies

Shareholders’ equity:

Class A ordinary shares (US$0.000025 par value; 1,900,000,000
   shares authorized; 5,666,376 and 7,391,376 shares issued and
   outstanding as of December 31, 2024 and 2025, respectively)*

1

1

–

Class B ordinary shares (US$0.000025 par value; 100,000,000
   shares authorized; 40,000,000 and 40,000,000shares issued and
   outstanding as of December 31, 2024 and 2025, respectively)*

7

7

1

Additional paid-in capital

203,150

240,752

34,427

Statutory reserves

32,647

32,647

4,668

Retained earnings (deficit)

48,151

(21,633)

(3,099)

Accumulated other comprehensive income

3

(1,926)

(275)

Total Zhengye Biotechnology Holding Limited’s shareholders’ equity

283,959

249,848

35,722

Noncontrolling interests

68,581

56,867

8,132

Total equity

352,540

306,715

43,854

Total liabilities and equity

493,247

436,472

62,412

* As of December 31, 2025, share reclassification was retroactively restated with effective date of March 24, 2026

 

 

 

ZHENGYE BIOTECHNOLOGY HOLDING LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(LOSS)

(Amounts in thousands of RMB and US$, except for number of shares and per share data)

For the years ended December 31,

2023

2024

2025

RMB

RMB

RMB

USD

Net revenues

211,651

186,356

116,362

16,639

Cost of revenues

(94,143)

(95,061)

(92,493)

(13,227)

Gross profit

117,508

91,295

23,869

3,412

Sales and marketing expenses

(40,743)

(41,269)

(43,918)

(6,280)

General and administrative expenses

(23,592)

(22,575)

(31,006)

(4,434)

Research and development expenses

(11,901)

(12,794)

(18,013)

(2,576)

Reversal of (provision for) credit losses

3,714

1,782

(1,438)

(206)

Total operating expenses

(72,522)

(74,856)

(94,375)

(13,496)

Operating income (loss)

44,986

16,439

(70,506)

(10,084)

Other income (expenses):

Interest income

312

231

96

14

Interest expense

(4,423)

(4,043)

(3,400)

(486)

Unrealized gains on short-term investments

–

209

127

18

Unrealized foreign exchange gain (loss)

–

679

(312)

(45)

Government subsidy

2,653

733

2,252

322

Other expenses (income)

234

146

(130)

(19)

Total other expenses, net

(1,224)

(2,045)

(1,367)

(196)

Income (loss) before income taxes

43,762

14,394

(71,873)

(10,280)

Income tax expenses

(6,253)

(924)

(11,095)

(1,587)

Net income (loss)

37,509

13,470

(82,968)

(11,867)

Net (income) loss attributable to noncontrolling
   interests

(6,052)

(2,159)

13,184

1,885

Net income (loss) attributable to the Zhengye
   Biotechnology Holding Limited’s shareholders

31,457

11,311

(69,784)

(9,982)

Comprehensive income (loss)

Net income (loss)

37,509

13,470

(82,968)

(11,867)

Other comprehensive income (loss)

Foreign currency translation adjustment

–

3

(1,929)

(275)

Total comprehensive income (loss)

37,509

13,473

(84,897)

(12,142)

Total comprehensive (income) loss attributable to
   non-controlling interest

(6,052)

(2,159)

13,184

1,885

Total comprehensive income (loss) attributable to
   the Zhengye Biotechnology Holding Limited’s
   shareholders

31,457

11,314

(71,713)

(10,257)

Earnings (loss) per share:

-Basic and diluted – Class A Ordinary shares

0.69

0.25

(1.47)

(0.21)

-Basic and diluted – Class B Ordinary shares

0.69

0.25

(1.47)

(0.21)

Weighted average shares outstanding used in
   calculating basic and diluted earnings per share:

Ordinary shares – basic and diluted

45,666,376

45,666,376

47,349,869

47,349,869

Basic and diluted – Class A Ordinary shares*

5,666,376

5,666,376

7,349,869

7,349,869

Basic and diluted – Class B Ordinary shares*

40,000,000

40,000,000

40,000,000

40,000,000

* As of December 31, 2025, share reclassification was retroactively restated with effective date of March 24, 2026.

 

 

 

ZHENGYE BIOTECHNOLOGY HOLDING LIMITED

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands of RMB and US$, except for number of shares)

For the years ended December 31,

2023

2024

2025

RMB

RMB

RMB

US$

CASH FLOWS FROM OPERATING ACTIVITIES

Net income (loss)

37,509

13,470

(82,968)

(11,867)

Adjustments to reconcile net income (loss) to net cash
   provided by operating activities:

Depreciation and amortization

23,912

24,163

25,883

3,702

Amortization of operating lease right-of-use assets

–

–

72

10

Provision for (reversal of) credit losses

(3,714)

(1,782)

1,438

206

Impairment for inventory

10,026

5,962

12,801

1,831

Loss on disposal of property and equipment

187

174

–

–

Deferred tax expenses

541

924

11,095

1,587

Unrealized gains on short-term investments

–

(209)

(127)

(18)

Unrealized foreign exchange (gain) loss

–

(679)

312

45

Changes in operating assets and liabilities:

Notes receivable

8,310

(3,752)

20,962

2,998

Accounts receivable

31,044

16,345

39,709

5,678

Advance to suppliers

(619)

(7,677)

1,979

283

Inventories

(12,902)

(5,882)

6,252

894

Prepayments and other current assets

(563)

(1,283)

(23,306)

(3,333)

Other receivable-a related party

(738)

–

738

106

Operating leases liabilities

–

–

(108)

(15)

Accounts payable

(35,613)

(404)

(3,362)

(478)

Taxes payable

(7,702)

(229)

279

40

Contract liabilities

(715)

(400)

1,267

182

Accrued expense and other liabilities

(582)

2,698

417

60

Other payables – non-current

(197)

(393)

–

–

Net cash provided by operating activities

48,184

41,046

13,333

1,911

CASH FLOWS FROM INVESTING ACTIVITIES

Loans to related party

–

–

(7,000)

(1,001)

Repayment of lending to related party

–

–

7,000

1,001

Purchase of short-term investments

(1,224)

–

–

–

Purchase of property, plant and equipment

(7,396)

(13,587)

(1,008)

(144)

Prepayment for purchase of intangible assets

(4,204)

(14,186)

(11,622)

(1,662)

Proceeds from disposal of property, plant and
   equipment

1,059

108

–

–

Net cash used in investing activities

(11,765)

(27,665)

(12,630)

(1,806)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from loans

79,860

90,122

70,468

10,077

Repayment of loans

(54,890)

(92,860)

(82,562)

(11,806)

Repayment of related parties

–

–

(146)

(20)

Proceeds from related parties

–

146

–

–

Dividend payment to shareholders

(39,452)

(16,023)

–

–

Deferred IPO expenses

(4,497)

(3,514)

–

–

Proceeds from initial public offering

–

–

43,080

6,160

Shareholder contribution

–

–

1,470

210

Net cash provided by (used in) financing activities

(18,979)

(22,129)

32,310

4,621

Effect of exchange rate changes on cash

–

168

(1,285)

(190)

Net increase (decrease) in cash and restricted cash

17,440

(8,580)

31,728

4,536

Cash and restricted cash at beginning of year

9,746

27,186

18,606

2,661

Cash and restricted cash at end of year

27,186

18,606

50,334

7,197

SUPPLEMENTAL DISCLOSURE OF CASH
   FLOW INFORMATION:

Cash paid for:

Interest

4,423

3,985

3,356

480

Income taxes

10,486

116

–

–

NON-CASH INVESTING AND FINANCING
   ACTIVITIES:

Liabilities assumed in connection with purchase of
   property, plant and equipment

2,345

8,633

1,101

157

Liabilities assumed in connection with purchase of
   intangible asset

–

–

3,602

515

Right of use assets obtained in exchange for operating
   lease obligation

–

–

541

77

Reclassification of IPO expenses into additional paid-in
   capital

–

–

8,663

1,239

 

 

 

 

 

Piramal Pharma Limited Announces Results for Q4 and Full-year FY26

MUMBAI, India, April 29, 2026 /PRNewswire/ — Piramal Pharma Limited (NSE: PPLPHARMA | BSE: 543635), a leading global pharmaceutical, health and wellness company, today announced its standalone and consolidated results for the Fourth Quarter (Q4) and Full-year ended 31st March 2026.

Consolidated Financial Highlights

(in ₹ Crores or as stated)

Particulars

Q4FY26

Q4FY25

YoY %

FY26

FY25

YoY %

Revenue from Operations

2,752

2,754

(0) %

8,869

9,151

(3) %

   CDMO

1,708

1,788

(4) %

4,915

5,447

(10) %

   CHG

755

705

7 %

2,703

2,633

3 %

   PCH

320

274

17 %

1,274

1,093

17 %

EBITDA

507

603

(16) %

1,135

1,580

(28) %

EBITDA Margin

18 %

22 %

13 %

17 %

PAT Before Expectational Item

167

154

9 %

(130)

91

NM

Exceptional Item1

(176)

–

NM

(196)

–

NM

PAT After Expectational Item

(9)

154

NM

(326)

91

NM

1. During the quarter, the management has recognized an impairment loss of ₹. 176Cr in relation to intangible assets under development. Based on a reassessment incorporating changes in market conditions and updated commercial viability estimates, management concluded that the probable future economic benefits from the asset are no longer expected to be adequate to justify further capital deployment.  Accordingly, the carrying amount has been written down in full.

Key Highlights

  • Revenue – Growth was impacted by inventory destocking, slower early-stage order inflows in H1FY26, and softer traction in inhalation anesthesia across ex‑US markets. Adjusted for inventory destocking, we delivered YoY growth in Q4 and FY26.
  • EBITDA Margin – Despite lower revenues, impact on EBITDA was partly offset by our efforts towards cost optimization and operational excellence.
  • Capex – US$94Mn invested in FY26 across growth and maintenance projects. Lexington and Riverview expansions on track. Seeing good customer interest.
  • Net Debt – No increase over FY25.

Nandini Piramal, Chairperson, Piramal Pharma Limited said, “FY26 was a transitional year, shaped by external disruptions and certain business-specific factors. Despite these challenges, we exited the year on a stronger note, with clear momentum across all our businesses. The meaningful recovery in biopharma funding seen from Sep’25,  is translating into good RFP momentum and healthy pick up in order inflows in our  CDMO business. In the CHG business, the recently completed Kenalog® acquisition alongside ramp up of inhalation anesthesia sales in ex-US markets are expected to be key growth drivers. Our Consumer Healthcare business is also well positioned to sustain its growth momentum with margin improvement driven by Power Brands and rapid growth in e‑commerce.

Overall, all three businesses are well positioned to deliver growth in FY27, accompanied by accelerated growth in EBITDA and PAT.”

Key Business Highlights

Contract Development and Manufacturing Organization (CDMO):

  • Healthy traction in RFPs and order inflows in H2FY26 driven by stronger US biopharma funding (up YoY 75% in H2FY26, 30% in FY26) and M&A activity. (Industry Source)
  • Overseas sites seeing rising demand from shifting customer geographical preferences and strong growth in differentiated areas such as ADC, HP API, on‑shore injectables and drug product capabilities.
  • US$90Mn Capex on track to scale sterile injectable and payload-linker capacities at Lexington and Riverview sites.
  • Net Promoter Score of 60 – surpassing industry average. Meaningful improvement in execution with stronger performance across key operational matrices, driven by our operational excellence initiatives.
  • 209 customer site audits in FY26 vs. 165 in FY25 — highest ever. Reflecting heightened customer engagement, deeper technical interactions, and the growing complexity of programs we support.
  • Maintained our Best-in-Class Quality Track Record – Successfully closed 38 regulatory inspections, including 3 USFDA inspections in FY26. Continue to maintain our ‘Zero OAI’ status.

Complex Hospital Generics (CHG):

  • Completed Kenalog® acquisition

    – Upfront consideration of US$35Mn, and contingent consideration of up to US$65Mn.
    – Broadens CHG portfolio, adds revenues with minimal incremental cost, and expands presence in US, Europe & Asia Pacific.
    – Niche brand with complex manufacturing process. EBITDA margins in line with CHG business.

  • Inhalation Anesthesia (IA) 

    – Continue to maintain leadership with 47% market share – up from 45% in Mar’24. (Source:- IQVIA)
    – Initiated Sevoflurane supplies from lower cost Digwal facility in select RoW markets. Expect traction to build going ahead.

  • Intrathecal Therapy – Maintained our #1 Rank in intrathecal Baclofen segment in the US. (Source:- IQVIA)
  • Injectable Pain Management – Continue to work with our supplier to resolve supply constraints.

Piramal Consumer Healthcare (PCH):

  • Power Brands continued growth momentum with 24% YoY growth in FY26, contributing 52% to PCH sales. Little’s, Lacto Calamine, CIR, and i-range remained primary driver of growth.
  • New Product Launches – Fewer, high‑potential product launches with better success rates. Launched 31 new products and SKU in FY26. Focus on premiumization of portfolio.
  • E-commerce sales grew at 48% rate YoY in FY26, contributing about 27% to PCH sales. Evolve product mix toward premium offerings and high margin channel (e.g. quick commerce).
  • Invested about 12% of PCH sales on Media and Trade Promotion in FY26. Optimizing the media mix – Social Media, Television, Influencers, etc.

Consolidated Profit and Loss Statement

(in ₹ Crores or as stated)

Particulars

Quarterly

Full-year

Q4FY26

Q4FY25

YoY  %

Q3FY26

QoQ  %

FY26

FY25

YoY  %

Revenue from Operations

2,752

2,754

(0) %

2,140

29 %

8,869

9,151

(3) %

Other Income

46

42

10 %

43

7 %

213

135

58 %

Total Income

2,798

2,796

0 %

2,183

28 %

9,082

9,286

(2) %

Material Cost

1,056

955

11 %

786

34 %

3,239

3,232

0 %

Employee Expenses

586

612

(4) %

600

(2) %

2,416

2,307

5 %

Other Expenses

650

626

4 %

558

16 %

2,293

2,167

6 %

EBITDA

507

603

(16) %

239

112 %

1,135

1,580

(28) %

Interest Expenses

83

104

(20) %

89

(7) %

341

422

(19) %

Depreciation

218

243

(10) %

213

3 %

831

816

2 %

Share of Net Profit of Associates

14

16

(16) %

10

32 %

57

73

(22) %

Profit Before Tax

219

273

(20) %

(53)

NM

20

415

(95) %

Tax

52

119

(57) %

42

22 %

150

324

(54) %

Net Profit after Tax

167

154

9 %

(95)

NM

(130)

91

NM

Exceptional item1

(176)

–

NM

(41)

NM

(196)

–

NM

Net Profit after Tax after Exceptional Item

(9)

154

NM

(136)

NM

(326)

91

NM

  1. During the quarter, the management has recognized an impairment loss of Rs. 176Cr in relation to intangible assets under development. Based on a reassessment incorporating changes in market conditions and updated commercial viability estimates, management concluded that the probable future economic benefits from the asset are no longer expected to be adequate to justify further capital deployment.  Accordingly, the carrying amount has been written down in full.

Consolidated Balance Sheet

(in ₹ Cr.)

   Key Balance Sheet Items

As at

31-Mar-26

31-Mar-25

Total Equity

8,162

8,125

Net Debt

4,140

4,199

Total

12,302

12,324

Net Fixed Assets

9,784

9,110

    Tangible Assets

4,843

4,534

    Intangible Assets including goodwill

3,841

3,599

    CWIP (including IAUD2)

1,100

977

Net Working Capital

2,057

2,798

Other Assets3

462

416

Total Assets

12,302

12,324

2. IAUD – Intangible Assets Under Development; 3. Other Assets include Investments and Deferred Tax Assets (Net)

Earnings Conference Call

Piramal Pharma Limited will be hosting a conference call for investors / analysts on 29th April 2026 from 9:30 AM to 10:15 AM (IST) to discuss its Q4 and full-year FY26 Results.

The dial-in details for the call are as under:

Event

Location & Time

Telephone Number

Conference call on 29th April 2026

India – 09:30 AM IST

+91 22 6280 1461 / +91 22 7115 8320 (Primary Number)

1 800 120 1221 (Toll free number)

USA – 12:00 AM

(Eastern Time – New York)

Toll free number

18667462133

UK – 05:00 AM

(London Time)

Toll free number

08081011573

Singapore – 12:00 PM

(Singapore Time)

Toll free number

8001012045

Hong Kong – 12:00 PM

(Hong Kong Time)

Toll free number

800964448

Express Join with Diamond Pass™

Please use this link for prior registration to reduce wait time at the time of joining the call –Click here

About Piramal Pharma Limited:

Piramal Pharma Limited (PPL, NSE: PPLPHARMA I BSE: 543635), offers a portfolio of differentiated products and services through its 171 global development and manufacturing facilities and a global distribution network in over 100 countries. PPL includes Piramal Pharma Solutions (PPS), an integrated contract development and manufacturing organization; Piramal Critical Care (PCC), a complex hospital generics business; and Piramal Consumer Healthcare (PCH) business, selling over-the-counter consumer and wellness products. In addition, one of PPL’s associate companies, Abbvie Therapeutics India Private Limited, a joint venture between Abbvie and PPL, has emerged as one of the market leaders in the ophthalmology therapy area in the Indian pharma market. Further, PPL has a strategic minority investment in Yapan Bio Private Limited, that operates in the biologics / bio-therapeutics and vaccine segments.

For more information, visit:  Piramal Pharma | LinkedIn

1. Includes one facility via PPL’s minority investment in Yapan Bio.

Logo – https://laotiantimes.com/wp-content/uploads/2026/04/piramal_pharma_limited_logo.jpg

Ningbo’s “Eco+” Integration Practice showcased at SCO forum

NINGBO, China, April 9, 2026 /PRNewswire/ — The Shanghai Cooperation Organization’s (SCO) Green and Sustainable Development Forum was held in Ningbo, Zhejiang province, April 28–30. At this international event focused on green, low–carbon transition, Ningbo showcased concrete examples of harmonious coexistence between people and nature.

Meishan Port — Zhejiang’s first “Green Power Terminal” and a global benchmark for green porttransformation — reduces carbon emissions by about 15,000 tons annually.
Meishan Port — Zhejiang’s first “Green Power Terminal” and a global benchmark for green porttransformation — reduces carbon emissions by about 15,000 tons annually.

 

An abandoned quarry has been converted into an international racetrack, whose engine roars have stimulated a growing cultural and tourism sector. A once–barren “firewood trail” has been upgraded into a national mountaineering route, spawning distinctive local industries now known as the “Hometown of China’s Sports Walking Sticks” and the “Capital of China’s Flashlights.” Ningbo continues to advance its “Eco+” integration model, turning ecological assets into industrial momentum, development potential and measurable gains in shared prosperity. The city has developed a practical path for realizing the value of lucid waters and lush mountains, offering a replicable “Ningbo model” for green, low–carbon urban transformation worldwide.

In Beilun, more than 500 species have been recorded, and the district has been designated a UN “Biodiversity Charming City.” From the revitalized Meishan Bay in Beilun to the misty expanse of Dongqian Lake in Yinzhou and the historic allure of Moon Lake in Haishu, local authorities are using the “golden key” of ecological governance to revive dormant green mountains and clear waters. Notably, Ningbo’s ecological governance goes beyond mountain repair and water treatment: it integrates “Eco+” development from the source through unified planning and coordinated implementation—protecting ecological foundations while preserving space for industry. This forward–looking approach has produced a win–win outcome for ecology and development; along Meishan Bay’s shore, cultural tourism and leisure industries have rapidly clustered, receiving more than 2 million visitors annually.

In Fenghua, the “Common Prosperity Studio” initiative has built a full–chain platform integrating “5G + IoT + Agriculture,” and introduced a model that combines village–collective fixed–rent leasing, professional enterprise operation and flexible farmer participation. In Yuyao, Hemudu pioneered China’s first ecological integrated farming of breeding soft–shelled turtles in water oat fields, balancing ecological protection, food security and farmers’ income growth. Zhenhai Refining & Chemical has established China’s first “Zero–Waste Petrochemical Base,” recognized as a national model case of a “Zero–Waste Industrial Park.”

Leveraging its mountain and sea resources, Ningbo has deepened chain–based integration of “Ecology + Cultural Tourism + Sports + Manufacturing,” continuously converting ecological value into tangible benefits for residents. Ninghai has transformed abandoned ancient paths into a 500–km national mountaineering trail and established a national sports–industry demonstration base. Xiangshan has used the Asian Games to invigorate coastal tourism and open channels for converting marine ecological value. Yinzhou and Haishu have developed biodiversity–friendly districts and townships, fostering new sectors such as educational tourism and cultural–creative industries.

To ensure green development proceeds steadily and sustainably, Ningbo is building a multi–stakeholder governance system that includes government, enterprises and the public. Ninghai has pioneered a “Soil and Forestland Bank,” using financial instruments to unlock the value of forestry resources. Yinzhou, Cixi and other areas have mobilized broad public participation in ecological protection, creating a co–construction and shared–benefits model that supports ongoing ecological value realization.

XGIMI TITAN Noir Series Surpasses $10 Million in Kickstarter Funding Following Strong Global Launch

The flagship lineup introduces the world’s first Dual Intelligent Iris System and delivers cinematic 4K performance designed for large-format home entertainment.

NEW YORK, April 29, 2026 /PRNewswire/ — XGIMI, a global leader in premium smart projection and home entertainment, today announced that its flagship TITAN Noir Series 4K projectors have surpassed $10 million in crowdfunding on Kickstarter since open orders from April 23, marking a major milestone for the company’s most advanced projector lineup to date.

XGIMI TITAN Noir Series Surpasses $10 Million in Kickstarter Funding Following Strong Global Launch
XGIMI TITAN Noir Series Surpasses $10 Million in Kickstarter Funding Following Strong Global Launch

Since launching yesterday, the campaign has attracted support from more than 3000 backers worldwide, highlighting strong early demand for premium projection solutions capable of delivering cinema-quality performance at home.

A New Benchmark for Home Cinema

The TITAN Noir Series represents XGIMI’s most advanced engineering to date, developed for home theater enthusiasts seeking uncompromising image performance across large viewing surfaces for gaming, live sports and enjoyment. Central to the lineup is the world’s first Dual Intelligent Iris System, designed to dynamically optimize light control and deliver up to 10,000:1 native contrast for deeper blacks, enhanced highlights, and lifelike shadow detail.

“This level of early support reflects the growing importance consumers are placing on image quality and viewing scale when it comes to home entertainment,” said Apollo Zhong, Founder and CEO at XGIMI. “The TITAN Noir Series was developed to address the needs of viewers who expect exceptional contrast accuracy, brightness, and clarity across large-format displays. This momentum reinforces the direction we’re taking as we continue advancing projection technology.”

Engineered for Cinematic Precision

The TITAN Noir Series launched on Kickstarter with three models – TITAN Noir Max, TITAN Noir Pro, and TITAN Noir – each designed to support different performance needs while maintaining a consistent focus on cinematic image quality and precision engineering.

The lineup offers flexible performance tiers designed to support a range of home cinema environments. All three models are now available for order, with introductory pricing as follows:

  • TITAN Noir Max: $2,999 (MSRP $5,999)
  • TITAN Noir Pro: $2,699 (MSRP $4,999)
  • TITAN Noir: $2,499 (MSRP $3,999)
Stretch Goals – Unlocked & Coming Soon

To celebrate and reward backer support, XGIMI has introduced the following milestone gifts, which will be unlocked as the campaign progresses:

  • $10M – Unlocked
    All backers will receive 2 x XGIMI Active Shutter 3D Glasses
  • $15M – Next Goal
  • $20M – Final Goal

The TITAN Noir Series Kickstarter campaign will remain live until June 9th, 2026, with shipping also beginning in June. XGIMI is also offering exclusive launch pricing on select accessories, allowing backers to customize and optimize their home cinema or living room setups.

For more information, visit the official XGIMI TITAN Noir Series Kickstarter page or XGIMI.com.

About XGIMI

Since 2013, the state-of-the-art XGIMI projectors have helped countless people worldwide to create genuinely immersive audio-visual experiences. Working with reputable partners like Google, Harman Kardon, and Texas Instruments, XGIMI builds all-in-one entertainment devices, perfected due to their user-oriented philosophy. Through industry-leading innovation, streamlined setups, and unique designs, XGIMI always strives to develop the best home and portable projectors for everyone to enjoy. XGIMI is also expanding their expertise into commercial projector technology to bring immersive experiences to more spaces. Learn more at XGIMI Projector Technology.