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TECHTRONIC INDUSTRIES DELIVERS SOLID PERFORMANCE IN 2025

GROWING SALES TO US$15.3 BILLION, NET PROFIT INCREASED TO US$1.2 BILLION

HONG KONG, March 3, 2026 /PRNewswire/ — Techtronic Industries Co. Ltd. (“TTI” or the “Company”) (stock code: HK:0669, ADR symbol: TTNDY), a global cordless power tool, outdoor power equipment and floorcare & cleaning company, is pleased to announce the audited consolidated results of the Company and its subsidiaries for the year ended December 31, 2025. TTI delivered record sales of US$15.3 billion in 2025, growing 4.4% on a reported basis and 4.1% in local currency. Our two leading brands, MILWAUKEE and RYOBI, both delivered solid performances in 2025 with MILWAUKEE growing 7.9% and RYOBI growing 5.4% in local currency.

  • TTI delivered record sales and earnings despite significant tariff headwinds, growing sales 4.4% to US$15.3 billion and net profit 6.8% to US$1.2 billion.
  • Our Global MILWAUKEE business grew 8.1% on a reported basis with underlying sales rising 10.3% in local currency (excluding the discretionary suspension of certain second half promotions due to tariffs).
  • RYOBI, the #1 global consumer cordless tool and outdoor products brand, grew 5.4% in local currency.
  • Reported EBIT Margin increased 7 bps to 8.8% as a percentage of sales, while normalized EBIT Margin (after adjusting for the exit of the HART business) increased 57 bps to 9.3%, due to strong performance in the EMEA region, corporate cost out initiatives and a focus on driving leverage and profitability.
  • TTI reported nearly US$1.4 billion in Free Cash Flow in 2025, marking the third consecutive year of US$1.2 billion+ in Free Cash Flow and ending the year in a net cash position of US$700 million.
  • The Board intends to implement a discretionary share buyback plan of up to US$500 million over the next 18 months.

Financial Performance Highlights for 2025

2025*

US$’

million

2024

US$’

million

  Changes

Revenue

15,260

14,622

+4.4 %

Gross profit margin

41.2 %

40.3 %

+91 bps

EBIT

1,336

1,270

+5.2 %

Profit attributable to Owners of the Company

1,198

1,122

+6.8 %

Basic Earnings per share (US cents)

65.61

61.43

+6.8 %

Dividend per share (approx. US cents)

33.08

29.09

+13.7 %

*For the year ended December 31, 2025

Gross margin improved 91 basis points to 41.2% in 2025. The increase reflects the positive mix impact of our high margin MILWAUKEE business, productivity enhancements, and operational efficiencies created in our RYOBI and other Consumer businesses. Margin expansion accelerated as tariff mitigation efforts materialized in the second half of the year. EBIT grew 5.2% to US$1.3 billion, while EBIT margin increased 7 basis points to 8.8%. Net Profit increased 6.8% to US$1.2 billion and earnings per share rose 6.8% to US65.61 cents. As a percentage of sales, working capital rose 109 bps to 15.5%. Inventory days on hand increased 4 days to 106 days and remain at a very comfortable level. The Company generated nearly US$1.4 billion in positive Free Cash Flow in 2025, ending the period in a US$700 million net cash position.

The TTI Power Equipment segment delivered sales of US$14.4 billion in 2025, an increase of 5.3% in reported currency and 5.0% in local currency. On a reported basis, MILWAUKEE achieved 8.1% reported sales growth in 2025, finishing up 7.9% in local currency. RYOBI business had another outstanding year, growing 5.4% in local currency and marking the second consecutive year of mid-single digit revenue growth following the post-pandemic adjustment period of 2022-23. Sales for Floorcare and Cleaning fell 9.7% in 2025 due to weakness in the HOOVER, DIRT DEVIL, ORECK, and VAX brands.

The Board is recommending a final dividend of HK132.00 cents (approximately US16.99 cents) (2024: HK118.00 cents (approximately US15.19 cents)) per share. Together, with the interim dividend of HK125.00 cents (approximately US16.09 cents) per share, this will result in a full-year dividend of HK257.00 cents (approximately US33.08 cents) per share.

Mr. Horst Pudwill, Executive Chairman of TTI, said, “With the healthiest balance sheet in the Company’s history, a diversified global manufacturing footprint, and stable capital spending requirements, we anticipate our ability to further increase returns to shareholders in the years to come.”

Mr. Steven P. Richman, CEO of TTI, commented, “With the #1 Professional and Consumer brands in the World, TTI is off to a strong start in 2026 and we look forward to another year of strong results. On a blended basis, we expect the core MILWAUKEE and RYOBI businesses to grow revenue mid-to-high single digits.”

Forward-Looking Statements
This announcement contains certain forward-looking statements or uses certain forward-looking terminologies which are based on the current expectations, estimates, projections, beliefs and assumptions of TTI about the businesses and the markets in which the Group operates and reflect TTI’s views as of the date of this announcement. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of TTI. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this announcement.

About TTI 
Techtronic Industries Company Limited (“TTI” or the “Company”), founded in 1985 by German entrepreneur Horst Julius Pudwill, is a world leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 48,000 employees globally, the company’s relentless focus on innovation and strategic growth has established its leading position in the industries it serves.

MILWAUKEE is at the forefront of TTI’s professional tool portfolio. With global research and development headquartered in Brookfield, Wisconsin, the historic MILWAUKEE brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The RYOBI brand, headquartered in Greenville, South Carolina, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI’s diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names HOOVER, ORECK, VAX, and DIRT DEVIL.

TTI’s international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company’s global reach and stability. The Pudwill family remains the company’s largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit www.ttigroup.com.

All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.

RevitaLash® Cosmetics Launches 5-in-1 Leave-In Hair Mask & Conditioner

The Brand’s Latest Multi-Tasking Leave-In Treatment Delivers Stronger, Healthier-Looking Hair

VENTURA, Calif., March 3, 2026 /PRNewswire/ — RevitaLash® Cosmetics, the internationally recognized leader in lash, brow, and hair care, announces the exciting launch of its new Leave-In Hair Mask & Conditioner; a breakthrough 5-in-1 restorative treatment that delivers deep hydration, protection, and strength without weighing hair down.

This innovative, multi-purpose formula delivers the nourishing, smoothing, and hydrating benefits of a traditional hair mask, with no rinse, no heavy residue, and no extra time required. Suitable for all hair types and color-safe, the lightweight leave-in treatment is ideal for those experiencing dry, dull, flat, or fragile hair, and is especially beneficial for thinning or damaged strands seeking renewed vitality and shine.

Powered by a nutrient-rich blend of ingredients, Leave-In Hair Mask & Conditioner primes, nourishes, and protects hair from environmental aggressors and heat styling (lab testing showed heat protection up to 450°F/232°C*) while supporting stronger, more resilient strands. A nourishing blend of Tamanu, Coconut, Avocado, Jojoba, and Moringa Oils, along with Trehalose, Hydrolyzed Hyaluronic Acid, and Amaranth Peptides, deeply hydrates, smooths, and improves manageability.

“We’re excited to expand our hair care portfolio with a multi-benefit product capable of replacing the need to buy – and use – four additional products at a time when consumers are craving simplicity, and stretching their dollars. The fact that it also delivers professional-level results is the icing on top,” said Lori Jacobus, President and Global CMO of RevitaLash® Cosmetics. “Our new Leave-In Hair Mask & Conditioner gives consumers the deep care benefits of a mask with the convenience of a lightweight leave-in, making it easier than ever to support stronger, shinier, more resilient hair every day.”

Designed to complement the brand’s Volumizing Hair Collection, the Leave-In Hair Mask & Conditioner integrates seamlessly into daily routines. After cleansing and conditioning, users simply apply a dime-sized amount to damp, towel-dried hair from mid-lengths through ends, then brush and style as usual.

The formula is dermatologist reviewed, clinically tested, hypoallergenic, vegan-friendly, cruelty-free, and free from parabens, phthalates, and gluten. It is proudly made in the U.S.A.

RevitaLash® Cosmetics Leave-In Hair Mask & Conditioner (90 mL / 3.0 fl oz) retails for $42.50 and will be available through authorized salons, spas, specialty retailers, and on revitalash.com beginning March 1st.

About RevitaLash® Cosmetics
RevitaLash® Cosmetics is a worldwide leader in developing advanced lash, brow and hair beautification products. Established in 2006, the collection includes award-winning RevitaLash® Advanced Eyelash Conditioner and RevitaBrow® Advanced Eyebrow Conditioner, and is available in physician’s offices, spas, salons, and specialty retailers across 70+ countries. A supporter of non-profit breast cancer initiatives, RevitaLash® Cosmetics donates a portion of proceeds to research and education initiatives, giving back to the breast cancer community year-round, not just in October. For information, visit www.revitalash.com.

*Results from a controlled lab study using Leave-In Hair Mask & Conditioner vs. shampooed hair. Keratin denaturation measured over 4 applications of heat.

RevitaLash Cosmetics Leave-In Hair Mask & Conditioner
RevitaLash Cosmetics Leave-In Hair Mask & Conditioner

MDJM LTD Secures an Aggregate $8.5 Million in Public Offerings to Support Global Animation and Cultural Development

LONDON, March 3, 2026 /PRNewswire/ — MDJM LTD (Nasdaq: UOKA) (“MDJM” or the “Company”) announced that it has completed two offerings totaling an aggregate of approximately USD 8.5 million in February and March 2026 to advance its global animation production and cultural infrastructure initiatives.

On February 11, 2026, the Company closed an upsized public offering, raising gross proceeds of approximately USD 6 million, before deducting underwriting discounts and other offering expenses. On March 2, 2026, the Company completed a registered direct offering, raising gross proceeds of approximately  USD 2.5 million, before deducting the placement agent’s fees and other estimated offering expenses payable by the Company. An estimated 50% of the combined funding will support international animation collaborations and the continued development of the Company’s cultural project centered around Fernie Castle in Scotland.

International Animation Co-Productions with H5 and Abano

A portion of the newly secured capital will be allocated to the co-production of two animated films in collaboration with internationally renowned animation studios H5 (S.A.R.L.) (“H5”) and Abano Producións.

Both projects are currently in active production and are targeted for completion by the end of 2026. Upon completion, the Company expects to evaluate international film festival submissions and global distribution opportunities.

H5 is recognized for its work in cross-media digital art and animation, while Abano Producións has participated in international recognized animated productions and festival-screened projects.

Through this collaboration, MDJM seeks to combine innovative storytelling, high artistic standards, and strong global distribution potential, while strategically establishing a long-term ecosystem of proprietary original IP assets.

Development of a Distinctive Cultural Field at Fernie Castle

The offerings will also support the ongoing design and planning of a cultural development project integrating:

  • The Fernie Castle Animation Museum
  • A Classical Oriental Garden cultural landscape design

The castle and garden are intended to form a cohesive cultural destination combining  heritage architecture, landscape design, and animation-related programming.

This initiative reflects MDJM’s long-term vision of building a physical cultural venue that complements its creative and production initiatives.

Design Leadership by Kengo Kuma and Simpson & Brown

The Fernie Castle project involves design collaboration with Kengo Kuma & Associates (“KKAA”) and Simpson & Brown LLP (“Simpson & Brown”).

KKAA is widely recognized for his human-centered architectural philosophy and his ability to integrate built form with surrounding environment and cultural context. Simpson & Brown brings extensive expertise in heritage architecture and conservation, helping ensure that the project preserves architectural integrity while extending its historical legacy with contemporary cultural functionality.

Together, this collaboration brings together a British medieval castle and a Classical Oriental Garden landscape in a unified cultural setting. The project reflects a cross-temporal and cross-cultural design dialogue, integrating distinct architectural traditions within a cohesive and thoughtfully designed environment..

Under their design direction, the Fernie Castle cultural field is progressing in alignment with MDJM’s broader global cultural development strategy.

Advancing A Global Cultural Strategy

The successful offerings reflect confidence in MDJM’s strategic direction. The Company is advancing a global cultural development framework that integrates:

  • International animation production
  • Architectural and landscape-based cultural infrastructure
  • Digital cultural initiative
  • Cross-border creative collaboration

This integrated approach positions MDJM at the intersection of content creation, cultural space design, and global creative industry development.

Outlook for the Animation Industry

MDJM remains constructive on the long-term growth of the global animation industry. As demand for high-quality storytelling and culturally resonant content continues to expand, the Company believes animation will remain important component of the global creative economy.

The recent capital infusion enhances MDJM’s ability to advance its international projects while supporting the development of a sustainable cultural ecosystem focused on creativity and long-term global engagement.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Act. All statements other than statements of historical fact 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, and include statements regarding anticipated use of proceeds from the offerings, the Company’s future operating or financial results; the Company’s liquidity; and other factors listed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. 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 annual report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission.

Investor Contact

Sherry Zheng
WAVECREST GROUP INC.
Phone: +1 718-213-7386
Email: sherry@wavecrestipo.com

Locksley Announces High-Grade Antimony Assays at Desert Antimony Mine Confirm Surface Continuity

SAN BERNARDINO, Calif., March 3, 2026 /PRNewswire/ — Locksley Resources Limited (ASX: LKY; OTCQX: LKYRF/ADR: LKYLY announced high-grade antimony (Sb) assays received from surface exposure grab sampling, with a peak value of 16.90% Sb confirm continuity of high-grade stibnite mineralization along strike and above the historical undergro8und workings at the company’s Desert Antimony Mine located within the Company’s Mojave Project in California.

These samples were collected from earthworks conducted during preparation for the maiden drilling program currently underway. The work identified extensions of stibnite-bearing mineralized veins at surface, further validating the system’s high-grade continuity and strike potential. Additional information can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03063849-6A1314564&v=undefined.

The results continue to reflect the company’s strong technical foundation and focus on high-confidence targets. Ongoing diamond drilling at DAM is expected to further refine geometry and evaluate resource potential.

Locksley Resources (https://www.locksleyresources.com.au) is focused on critical minerals in the U.S. The company is actively advancing the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley is executing a mine-to-market strategy for antimony, aimed at reestablishing domestic supply chains for critical materials, underpinned by strategic downstream technology partnerships with leading U.S. research institutions and industry partners. This targeted approach, combined with resource development with innovative processing and separation technologies, positions Locksley to play a role in advancing U.S. critical materials independence.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793 (cell)

TGE Movie “Scare Out” Global Box Office Exceeds US$160 Million as of March 2

  • TGE film “Scare Out” exceeded US$160 million at the box office in two weeks;
  • “Scare Out” has generated over 12.3 billion views across major social media platforms;
  • “Scare Out” has been released in more than 14 countries and regions; and
  • TGE films have generated over US$720 million to date, in total cumulative worldwide box office takings.

PARIS, NEW YORK and LONDON, March 3, 2026 /PRNewswire/ — AMTD Group Inc. (“AMTD Group”), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group (“TGE”, NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., jointly announce that TGE’s film “Scare Out” (the “Movie”) has achieved outstanding box office and audience reception worldwide. 

Led by an all‑star cast including Jackson Yee, Yilong Zhu, Jia Song, Jiayin Lei, Mi Yang, Yi Zhang, Cecilia Liu, and Yaowen Liu, “Scare Out” has generated over US$160 million in box office within just two weeks of its release, firmly establishing it as a blockbuster hit.

In addition to its strong performance in movie theatres, the Movie has achieved extraordinary momentum across social media. Promotional and related content has attracted approximately 12.3 billion views across major platforms. On Douyin, the Movie’s hashtag has generated over 6.2 billion views, while on Weibo it has garnered approximately 5.6 billion views, reflecting its widespread popularity and audience engagement.

Beyond Chinese Mainland, “Scare Out” has been released in 13 countries and regions worldwide, including the United States, Canada, the United Kingdom, Australia, New Zealand, Singapore, Malaysia, Brunei, Ireland, Fiji, Papua New Guinea, as well as the Hong Kong SAR and the Macau SAR, reaching diverse audiences across multiple markets and cultures.

Content produced, initiated, participated in, or originated by TGE is created with a truly global vision and a worldwide audience in mind. TGE’s productions are designed for viewers of all ages and cultural backgrounds, without any limitation on nationality. We embrace openness and diversity and are committed to delivering high‑quality, ethical content grounded in integrity. By creating relevant, timely, and credible films, TGE aims to enrich people’s lives, inspire individuals to carry their intrinsic and inner values into the broader community, and ultimately contribute positively to society at large.

To date, films produced under TGE have collectively achieved approximately US$720 million in total box office takings worldwide. Our next strategic milestone is to surpass US$1 billion in cumulative box office. TGE remains fully committed and highly focused on bringing more compelling, world‑class film productions to global audiences.

TGE’s movie segment operates in close strategic alignment with its media segment, which maintains a strong presence across major social media platforms worldwide. Working together, these two segments deliver a coordinated, cross‑collaborative, and multidimensional voice of TGE to audiences around the globe.

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter”) at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE; LSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L’Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor”provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,””anticipates,” “aims,” “future,” “intends,” “plans,” “believes,””estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group, AMTD Digital and/or The Generation Essentials Group, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:
For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com

For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: ir@tge.media

Hyundai Mobis Invites 10 Global Customers to Swedish Winter Testing Ground to Showcase Core Technologies in Extreme Cold Conditions

  • Hyundai Mobis invited about 100 representatives from European and North American customers to its Swedish winter testing ground
  • The company is demonstrating integrated demo vehicles featuring core auto components, including braking and steering systems
  • The Swedish test center celebrates its 20th anniversary this year since 2006

ARJEPLOG, Sweden, March 3, 2026 /PRNewswire/ — Hyundai Mobis (KRX 012330) announced on 3rd that it is hosting a technology showcase at its winter testing ground in Sweden for global customers. The event, which started last weekend, will continue for ten days and is expected to attract around 100 representatives from 10 European and North American customers.

Exterior view of Hyundai Mobis’ winter testing ground in Sweden.
Exterior view of Hyundai Mobis’ winter testing ground in Sweden.

Hyundai Mobis is showcasing new products currently under order discussions or scheduled for supply by integrating them into demo vehicles. Through driving evaluations, the company aims to identify customer needs. As requirements vary by customer, the company is expected to accelerate the supply and development of specialized core auto components tailored to each customer.

Global customers have dispatched a large number of representatives, including engineers and purchasing managers. Representatives who recently experienced the demo vehicles equipped with Hyundai Mobis’ core auto components, such as braking and steering systems, expressed strong satisfaction. In particular, European customers showed significant interest in the company’s next-generation integrated braking system, which is scheduled for mass production later this year.

The event is made possible by Hyundai Mobis’ winter testing ground in Sweden, located near major global customers. The Swedish winter testing ground spans approximately 1.7 million square meters and features 14 tracks designed to simulate snow-covered and icy road conditions. The facility is also equipped with a workshop facility, enabling real-time adjustments based on customer feedback.

Arjeplog, a small town in Sweden in Northern Europe approximately 7,000 kilometers from Korea, hosts winter testing grounds primarily operated by European automakers. Among global automotive suppliers, only a limited number operate such facilities.

This year marks the 20th anniversary of Hyundai Mobis’ Swedish winter testing ground. The company aims to demonstrate to global customers that its core component competitiveness is backed by large-scale R&D investment and a rigorous localized quality verification system. Through these efforts, Hyundai Mobis expects to expand joint pre-development projects for core auto components prior to new vehicle launches.

Since 2006, Hyundai Mobis has deployed large-scale R&D teams to the site annually from January to March to validate core auto components and advanced technologies. This year, more than 80 vehicles were transported to Sweden and approximately 60 projects are being conducted on-site. Testing focuses on assessing the performance of auto components under development in extreme cold conditions, the detection accuracy of autonomous driving sensors, and the verification of control units and algorithms under development.

About Hyundai Mobis

Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company’s products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automotive electronics. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China, and India. For more information, please visit the website at http://www.mobis.com

Media Contact 
Choon Kee Hwangckhwang@mobis.com
Jihyun Hanjihyun.han@mobis.com

Spring Refresh Starts at Home: YITAHOME Brings Seasonal Comfort Ahead of Prime Day

NEW YORK, March 2, 2026 /PRNewswire/ — Spring carries a quiet promise of new beginnings, bringing longer sunlight, lighter routines, and a renewed connection to the spaces we call home. Embracing this seasonal shift, YITAHOME launches Ease Into Spring campaign, designed to inspire intentional refreshes that make everyday living feel brighter and more balanced.

Running from late February through March 2026, YITAHOME’s Prime Day campaign highlights a series of daily deals designed to inspire gradual, meaningful upgrades to the spaces people live in most. Whether it’s transforming a backyard into a gathering spot or refreshing a patio for sunnier days, the brand offers functional, stylish solutions that make seasonal living feel effortless.

Seasonal Highlights & Prime Day Offers

1. YITAHOME Gazebo
Up to 15% off sets the tone for elevated outdoor living this spring. Designed to anchor gatherings and create a shaded retreat, the gazebo is now available for $705.49, reduced from $829.99.

2. YITAHOME Chair Set
Compact yet comfortable, this patio essential is now available at $84.99, down from $99.99. The exclusive Prime Day pricing makes it an effortless way to refresh outdoor corners with both style and function.

3. YITAHOME Garden Bed
At $80.99, reflecting 39% savings from $132.65, the garden bed offers a practical foundation for seasonal planting. Its clean structure supports everything from blooming florals to homegrown herbs.

4. YITAHOME Storage Box
Blending functionality with modern outdoor aesthetics, this storage solution keeps essentials neatly tucked away. It is currently featured at 15% off, adjusting the price from $81.99 to $69.69.

5. YITAHOME Utility Trolley
Designed for mobility and everyday versatility, the utility trolley enhances both garden and indoor organization. Customers can secure it for $229.49, enjoying 15% savings on its original $269.99 price.

This Prime Day marks a meaningful opportunity to welcome the season with intention. Through thoughtfully designed pieces and evolving daily highlights, YITAHOME continues to make seasonal refreshes feel accessible, functional, and inspired by everyday living. Spring begins with small changes, and the right space can make all the difference.

Follow Yitahome for the latest updates with more exclusive offers.
Amazon Store: Yitahome
Instagram: @yitahome.us
TikTok: @yitahomefurniture
Facebook: Yitahome

About Yitahome
At Yitahome, we believe that everyone deserves a space they’re proud to call home. With thoughtful design, reliable quality, and a touch of elegance, we help turn everyday rooms into meaningful places. Dedicated to #MakingHomeHappen, our furniture is crafted to bring both function and style into your life one piece at a time.

 

Akash Systems Announces World’s First Diamond Cooled AI Servers with AMD Instinct™ MI350X GPUs and MiTAC Computing

  • Breakthrough Diamond Cooling® technology creates the most energy and capital-efficient AI servers in the world
  • Akash’s Diamond Cooling® solution is a new innovation in cooling technology that is additive to existing air and liquid cooling technologies
  • Patented technology provides up to $1 million in incremental value per server
  • $300 million received for initial launch order
  • Provides throttle-free performance, up to 10°C (18°F) GPU temperature reduction, up to 100% less power to cooling, up to 22% additional FLOPs/Watt in standard ambient data center temperatures (~75°F), and up to 15% token throughput improvement in high ambient data center temperatures (~120°F)
  • Company backed by Khosla Ventures and Founders Fund

SAN FRANCISCO, March 3, 2026 /PRNewswire/ — Akash Systems, Inc., the pioneer in Diamond Cooling® technology, today announced the launch and availability of the first Diamond Cooled AI servers powered by AMD Instinct™ MI350X GPUs and manufactured by MiTAC Computing (3706.TW). This marks the first AMD Instinct™ GPU commercial deployment of Diamond Cooling® in AI data centers. Akash plans to release Diamond Cooling® solutions for additional AMD Instinct™ GPU systems this year, including the AMD Instinct MI355X GPU and future AMD Instinct GPUs.

AI Server with Diamond Cooling® Drives Peak GPU Performance
AI Server with Diamond Cooling® Drives Peak GPU Performance

Diamond has the highest thermal conductivity of any known material, removing heat 5x faster than copper, the industry standard material for heat management. As a new innovation in cooling technology, Akash’s Diamond Cooling® solution is additive and complementary to existing air and liquid cooling technologies. This technology is established in outer space, where it is currently operating in active satellite systems.

With a breakthrough temperature reduction of up to 10°C (18°F) on both GPU and High Bandwidth Memory (HBM), operators gain significantly more compute from the same power systems – improving capital and energy efficiency, Power Usage Effectiveness (PUE), data center density, and overall Return on Investment (ROI).

Throttle-free performance delivers up to 22 percent higher FLOPs per Watt, allowing customers to densify compute and immediately unlock additional capacity within new and existing data centers. A data center could now operate with up to 100% less power dedicated to cooling and maintain high performance up to ~120°F ambient data center temperature, due to the temperature reduction of the GPU. As well, testing from Akash has found this could unlock up to 15 percent throughput improvement. By capturing these performance gains, each Diamond Cooled server could generate up to $1 million in incremental value over four years compared to servers not using Diamond Cooled solutions.

“AI demand is rapidly outpacing the infrastructure that powers it,” said Dr. Felix Ejeckam, Co-Founder & CEO of Akash Systems. “Akash’s patented solution breaks through the thermal bottleneck to accelerate AI deployments, profitably. Together with AMD and MiTAC, we are bringing world-class technology and expertise to build the foundation AI needs to scale.”  

The new servers are manufactured and deployed in partnership with MiTAC Computing, a leader in AI, High Performance Computing (HPC), and energy-efficient server solutions, and fully warrantied under existing AMD and manufacturer warranties.

“Akash Systems’ Diamond Cooling® technology showcases how innovation can unlock new performance and efficiency from AMD Instinct™ GPUs,” said Travis Karr, Corporate Vice President, Commercial and Enterprise AI business, AMD. “Together with MiTAC’s global deployment capabilities, we’re enabling data centers to realize impactful compute density and breakthrough energy efficiency.”

“With our global manufacturing capacity and robust engineering capabilities, AI houses and hyperscaler data centers worldwide can quickly deploy these ultra-high performance, energy efficient systems to increase their compute power and gain a decisive competitive edge,” said Rick Hwang, President, MiTAC Computing.

This collaboration enables the first Akash Diamond Cooled MiTAC AI servers powered by AMD Instinct™ MI350X Series GPUs, to deliver transformative benefits across demanding applications by using the Diamond Cooling® technology to help maintain low GPU temperatures, which helps prevent thermal throttling, and can extend hardware lifespan.

The MiTAC servers are also powered by two 5th Gen AMD EPYC™ 9005 CPUs, AMD Pensando™ Pollara 400 AI NICs, and the latest AMD ROCm™ software stack which together provide the throughput and open software ecosystem, helping data centers accelerate AI workloads and scale sustainably.

For more information about this product, please visit https://www.mitaccomputing.com/en/products/G8825Z5_AMD_8-GPU_Server_Diamond_Cooling.  

About Akash Systems
Akash Systems is the pioneer in Diamond Cooling® technology for AI servers and other heat-intensive electronic environments. First developed and deployed in partnership with NASA for satellites, Akash Systems is now providing its proprietary Diamond Cooling solutions for GPU, CPU, and memory systems to help address energy and performance challenges in the rapidly growing AI data center sector in the U.S. and globally. Akash is backed by leading venture capital investors Khosla Ventures and Founders Fund. Learn more at www.akashsystems.com.  

About MiTAC Computing
MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings, specializes in AI, HPC, cloud, and edge computing. MiTAC Computing employs rigorous methodologies to ensure uncompromising quality—across barebones, systems, racks, and cluster levels—fully achieving performance and integration. With a worldwide presence and end-to-end capabilities—from R&D and manufacturing to global support—MiTAC Computing provides agile, customized platforms for hyperscale data centers, HPC, and AI applications. Learn more at www.mitaccomputing.com.

About AMD  
AMD drives innovation in high-performance and AI computing to solve the world’s most important challenges. Today, AMD technology powers billions of experiences across cloud and AI infrastructure, embedded systems, AI PCs and gaming. With a broad portfolio of AI-optimized CPUs, GPUs, networking and software, AMD delivers full-stack AI solutions that provide the performance and scalability needed for a new era of intelligent computing. Learn more at www.amd.com.