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IBM to Acquire Applications Software Technology LLC, Bolstering Oracle Expertise to Help Clients Transform Their Operations

Applications Software Technology’s deep US and UK public sector skills support clients’ Oracle Cloud Application transformations

ARMONK, N.Y., Jan. 16, 2025 /PRNewswire/ — IBM (NYSE: IBM) today announced its intent to acquire Applications Software Technology LLC1, a global Oracle consultancy. Applications Software Technology brings deep expertise driving business transformations with Oracle Cloud Applications, including for clients in the public sector such as local government and K-12 education.

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Public sector cloud transformations frequently face issues that include difficulty transitioning legacy systems, scarce skills or high security and compliance requirements. This acquisition will further enhance IBM’s Oracle solutions to help clients across North America, the UK and Ireland address those complexities and drive lasting results in their digital transformations with Oracle Cloud Applications. It will build on IBM’s 2024 acquisition of Accelalpha, expanding IBM’s ability to help clients deploy, manage and drive value from their Oracle cloud solutions.

“Public sector clients’ cloud transformations often require a consulting partner with industry, domain and technology expertise,” said Kelly Chambliss, Senior Vice President, IBM Consulting, Americas. “The acquisition of Applications Software Technology will boost IBM’s public sector and Oracle Cloud Application skills to help clients confidently navigate their business transformations.”

Applications Software Technology’s large team of consultants brings expertise across the Oracle Cloud Applications Suite, particularly around Oracle Fusion Cloud Enterprise Resource Management (ERP) including Enterprise Performance Management (EPM), Oracle Cloud Human Capital Management (HCM), and Oracle Fusion Configure, Price, Quote (CPQ), as well as Oracle Cloud Infrastructure (OCI), JD Edwards, and NetSuite. Applications Software Technology also brings expertise and partnerships with Salesforce and MuleSoft, specializing in public sector solutions and more.

This acquisition supports IBM’s open ecosystem approach which allows us to meet clients where they are, bringing together whatever technology and expertise are needed across our expanding partner ecosystem to solve the client challenge.

Applications Software Technology has been an Oracle partner since 1996 and a leading provider of Oracle solutions covering areas like business process redesign and Oracle Cloud deployment. In addition to its strong public sector presence, Applications Software Technology also serves commercial clients in the manufacturing, energy and consumer packaged goods industries.

“We are excited to join IBM and open up new opportunities for our people and expand transformative solutions to deliver business outcomes for our customers,” said Justin Winter, CEO, Applications Software Technology. “Applications Software Technology and IBM have complementary capabilities, client relationships, service offerings and values around our people, innovation and commitment to client success. Together, we will continue to grow in the market for cloud transformation solutions.”

Headquartered in Lisle, Illinois, Applications Software Technology has teams across the US, UK, Canada and India. Notable past acquisitions contributing to its growth include Symatrix Limited, 9EDGE Inc. and Computer Technology Resources Inc. Applications Software Technology is currently a portfolio company of funds managed by Recognize Partners LP. Upon close, Applications Software Technology will join IBM Consulting.

IBM and Oracle’s partnership spans almost 40 years. IBM was named a Leader in the 2023 IDC MarketScape for Oracle Implementation Services Ecosystem Worldwide2.

The acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals. Financial details of the transaction were not disclosed.

For more information on Applications Software Technology, visit https://astcorporation.com/

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

Media Contact
Michelle Mattelson
IBM External Relations
morrison@us.ibm.com

1 Applications Software Technology LLC refers to the four companies included in this acquisition: Applications Software Technology LLC, its subsidiaries 9Edge and Computer Technology Resources, and Symatrix Limited

2 IDC MarketScape: Worldwide Oracle Implementation Services 2023 Vendor Assessment (doc# US49837623, August 2023)

MicroCloud Hologram Inc. Develops Quantum Bit Rotation-Based Single-Ternary Quantum Homomorphic Encryption (QHE) Protocol to Enhance Big Data Privacy Protection

SHENZHEN, China, Jan. 16, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, with its strong technological foundation and spirit of innovation, has introduced a groundbreaking quantum bit rotation-based single-ternary quantum homomorphic encryption (QHE) protocol.

Traditional encryption methods often reveal security vulnerabilities and limitations in flexibility when dealing with the complex and ever-changing scenarios of big data. However, HOLO’s QHE protocol takes a novel approach by introducing the sophisticated mechanism of quantum bit rotation. Quantum bits, as the fundamental units of quantum information, bring a fresh vitality to the field of encryption through their unique properties of superposition and entanglement. Under this protocol, users cleverly use classical angles as the key for QHE, greatly simplifying key management processes and lowering the operational threshold for users. More importantly, the encryption and decryption processes are freed from the strict sequential constraints of traditional encryption methods, achieving unprecedented flexibility. Whether it’s real-time encrypted transmission of massive amounts of data or asynchronous encryption operations in complex distributed systems, the QHE protocol can handle these tasks with ease, providing a robust security defense throughout the entire data flow process.

Taking the e-commerce sector as an example, the massive data generated by users during activities such as browsing products, adding items to the shopping cart, and placing orders for payment, can be encrypted using the QHE protocol. Even during complex network transmissions and multi-node storage processes, it ensures that user behavior and personal information remain private and secure. Similarly, businesses can use the QHE protocol to achieve efficient and secure encryption protection for sensitive commercial data, such as new product development materials and customer relationship data, effectively guarding against external hacker attacks and internal data leakage risks.

Moreover, HOLO has not stopped at the innovation of the QHE protocol. Based on deep insights into privacy query needs, it has further proposed the Quantum Privacy Query (QPQ) protocol. In the crucial data query process, traditional solutions often face a dilemma: either sacrificing privacy to pursue query efficiency or overemphasizing privacy protection, which leads to slow query responses. HOLO’s QPQ protocol breaks this deadlock.

This protocol innovatively uses homomorphic encryption to send query requests, essentially cloaking the query information with an invisible shield, making it difficult to intercept and crack during transmission. Even more ingenious is that, after just one round of communication with an oracle machine independent of the database, accurate results can be obtained. This process significantly shortens query waiting times and enhances the overall system response efficiency. In the context of healthcare big data, when researchers conduct specific condition-related queries on vast amounts of patient medical records, the QPQ protocol not only ensures patient privacy is protected but also delivers precise results quickly, accelerating medical research. Similarly, financial institutions conducting credit risk assessments on massive amounts of user credit data can rely on the QPQ protocol to efficiently make decisions while ensuring data privacy, thereby enhancing business operational efficiency.

HOLO’s series of protocol innovations represent not only a breakthrough at the technical level but also pave the way for the development of quantum privacy protection. HOLO will continue to focus on the intersection of quantum technology and privacy protection, constantly optimizing existing protocols, expanding application boundaries, and collaborating with partners from all sectors to meet the new challenges of privacy protection in the big data era, unlocking limitless possibilities for data-driven innovation.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Peloton Expands into Renewables Sector with Advanced Land Data Management Solutions

Leveraging Over 30 Years of Global Software Expertise for the Energy Industry 

CALGARY, AB, Jan. 16, 2025 /PRNewswire/ — Peloton, a global leader in energy software solutions, today announced its expansion into the Renewables and Alternative Energy space. Building on more than 30 years of global expertise, Peloton’s new initiative addresses the complexities of land agreement management for solar, wind, utilities, mining, geothermal, and carbon capture projects. By streamlining land management at scale, Peloton’s technology empowers organizations to optimize operations while building the next generation of energy infrastructure. 

Peloton’s LandView and Peloton Map—available on the Microsoft Azure-backed Peloton Platform—provide a comprehensive Land Data Management solution for renewable energy projects. These tools equip stakeholders with valuable insights to monitor operations, maintain regulatory compliance, and enhance efficiency. Learn more at peloton.com/renewables

Key Features 

  • Dynamic Visualization: Interactive maps deliver real-time insight, supporting data-driven decision-making. 
  • Timely Management: Automated payment and obligation tracking helps avoid penalties and maintain compliance. 
  • Real-Time Reporting: Instant ownership updates enable organizations to stay current on crucial land agreements. 
  • Seamless Integration: Open architecture allows for easy connection to existing GIS infrastructures, consolidating data management on the Peloton Platform. 

“Implementing land agreement data management on our cloud-first SaaS solution has revolutionized the way our customers operate,” said Mike Kennedy, Vice President, LandView Business Development at Peloton. “Our platform allows organizations to visualize agreement data, layer it with public and private datasets, and confidently manage it at scale.” 

As the Renewable and Alternative Energy sector evolves, Peloton is well positioned to assist organizations in navigating the complexity of land management—ultimately enabling them to focus on driving a more sustainable future. 

For more information, visit peloton.com/renewables.

About Peloton 

Peloton is a leading provider of innovative technology solutions for the energy and renewables sectors, dedicated to optimizing operations, enhancing productivity, and enabling real-time monitoring. Our solutions help clients drive efficiency, security, and mobility in a rapidly changing energy landscape. 

Peloton's LandView and Peloton Map provide a comprehensive Land Data Management solution for renewable energy projects.
Peloton’s LandView and Peloton Map provide a comprehensive Land Data Management solution for renewable energy projects.

iHeartMedia Teams Up With The Martin Luther King III Foundation and Legacy+ To Launch New Groundbreaking “My Legacy” Podcast Highlighting Iconic Changemakers

Hosted by Martin Luther King III, Arndrea Waters King, Craig Kielburger and Marc Kielburger, the podcast explores the defining moments and untold struggles shaping the legacies of extraordinary leaders

Launching on MLK Day, podcast guests include Mel Robbins, Dr. Sanjay Gupta, David Oyelowo, Billy Porter, Martin Sheen, and many more

In celebration of Dr. Martin Luther King, Jr.’s legacy, iHeartMedia will award a $5 Million Spotlight Media Grant to ‘Realize the Dream’

NEW YORK, Jan. 16, 2025 /PRNewswire/ — iHeartMedia, The Martin Luther King III Foundation and Legacy+ today announced “My Legacy,” a groundbreaking new iHeartPodcast series that will offer listeners an intimate look into the stories behind the personas of beloved public figures and influential leaders. Hosted by Martin Luther King III, human rights activist Arndrea Waters King, Legacy+ Founder Craig Kielburger and social entrepreneur Marc Kielburger, “My Legacy” will premiere on Monday, January 20, 2025 and will join iHeart’s Sunday Night Podcasts programming lineup which airs highly-anticipated iHeartPodcasts across select broadcast radio stations nationwide in the US each Sunday. Listeners can hear the official audio trailer here now. 

Debuting on Martin Luther King Jr. Day, the weekly “My Legacy” podcast will bring listeners transformative conversations with luminaries such as Mel Robbins, Dr. Sanjay Gupta, David Oyelowo, Billy Porter, Martin Sheen, and others. These notable figures will be joined by a loved one or trusted confidante who knows them best – family members, friends and mentors, offering new perspectives on the trials, triumphs and truths behind their incredible journeys. Through candid reflections, the series will uncover how their stories of resilience and growth contributed to building their living legacies and a fulfilled life. New episodes will be available on Mondays.

“‘My Legacy’ is a celebration of the bold decisions and crucial moments that shape the stories of extraordinary individuals,” said Will Pearson, President of iHeartPodcasts. “By honoring Dr. King’s legacy through powerful and unique narratives, we hope to inspire listeners to reflect on their own impact and the lasting change they can create in the world.”

“Every person has a story, and it’s in sharing those stories that we find the threads connecting us all,” said Martin Luther King III. “‘My Legacy’ is about uncovering the untold moments that define us and connecting with the humanity in every voice.”

“‘My Legacy’ shines a light on the resilience and love that shape our lives, reminding us that each of us has the power to create a fulfilled life,” added Arndrea Waters King.

The co-produced “My Legacy” podcast joins the ‘Realize the Dream’ initiative to foster unity and empower communities across America – a movement inspired by the late Dr. Martin Luther King, Jr.’s vision to create a society rooted in peace, justice, equality and love for all.  As part of the celebration of Dr. Martin Luther King, Jr.’s legacy, iHeartMedia will award a $5 million Spotlight Media Grant to the ‘Realize the Dream’ Movement to help inspire communities across the U.S. to perform 100 million hours of service before the 100th anniversary of Dr. King’s birth on January 15, 2029. iHeart launched the Spotlight Media Grant Program in 2020 to support organizations making a positive impact within the communities iHeart serves.

My Legacy” is distributed by iHeartPodcasts and will be available on the iHeartRadio app and wherever podcasts are heard. It is created by Executive Producer Suzanne Hayward, who spent over a decade as a senior producer for The Oprah Winfrey Show.

COVER ART: Download Official Artwork Link here.

About The Hosts:
Martin Luther King III is a global human rights advocate and the eldest son of Dr. Martin Luther King Jr. and Coretta Scott King. A champion for nonviolence and social justice, he has inspired millions, advised heads of state, and led civil rights initiatives on nearly every continent. Martin served two terms on the Fulton County Board of Commissioners before leading the Southern Christian Leadership Conference, which was founded by his father. He continues his father’s legacy through his work with the Drum Major Institute, focusing on poverty, racism and militarism.

Arndrea Waters King is president of the Drum Major Institute and a passionate advocate for social justice and equality. She organized the first National Conference on Hate Crimes and Hate Violence, partnering with over one hundred national organizations. Arndrea’s work with the Center for Democratic Renewal (formerly known as the National Anti-Klan Network) and civil rights icon Dr. C.T. Vivian, a lieutenant of Dr. Martin Luther King Jr., has been instrumental in advancing civil rights. She coauthored When Hate Comes to Town: Faith-Based Edition and has written numerous articles and publications. She has spoken before mass crowds as a champion of democracy, justice and human dignity.

Marc Kielburger is a New York Times bestselling author, Harvard graduate, Rhodes Scholar and Oxford-trained lawyer. With thirty years as a movement builder and social entrepreneur, he’s collaborated with leaders like Oprah Winfrey and brands like Virgin Group, headlining over 130 live events to inspire millions. A member of the Order of Canada and recipient of ten honorary doctorates, Marc has been named Canada’s Most Admired CEO in the public sector.

Craig Kielburger is a New York Times bestselling author, humanitarian and social entrepreneur. An expert at driving movements for scalable social change and building mission-driven brands, he co-founded Legacy+ with his brother. Craig has received the Nelson Mandela Human Rights Award, the World Children’s Prize and is a member of the Order of Canada. He holds fifteen honorary doctorates and remains a leading voice in global social change.

About My Legacy
My Legacy is a vibrant global community that empowers individuals to live their best lives and lives larger than themselves. Our connection platform offers an array of tools, resources, education and inspiration designed to light a path toward the most sought- after yet elusive state of being: fulfillment. To learn more, visit mylegacy.com. 

About Realize the Dream
Realize the Dream is a bold movement to rally communities to perform one hundred million hours of service by the one hun­dredth anniversary of Martin Luther King Jr.’s birth. It’s a call for us all to reach out to people and causes in need—and make a dif­ference through acts of love, compassion and goodwill. Get started at RealizeTheDream.org.

About The Martin Luther King III Foundation
The Martin Luther King III Foundation is an organization dedicated to building up to a new culture of compassion, trust, dignity, acceptance and love through ideas, words and insights. Leading the way in representing the three values: justice, equity and peace.

About Legacy+
Legacy+ is a foundry of strategists, designers, creators, storytellers and innovators that brings purpose to life for companies, founda­tions and individuals. It builds real movements and legacy-driven projects with life-changing impacts for people and communities around the world. They have partnered with globally renowned thought leaders, activists, CEOs, entertainers, athletes, celebrities and more to inspire millions. Learn more at LegacyPlus.org.

About iHeartMedia
iHeartMedia, Inc. [Nasdaq: IHRT] is the leading audio media company in America, with 90% of Americans listening to iHeart broadcast radio every month. iHeart’s broadcast radio assets alone have a larger audience in the U.S. than any other media outlet; twice the size of the next largest broadcast radio company; and over four times the ad-enabled audience of the largest digital only audio service. iHeart is the largest podcast publisher according to Podtrac, with more downloads than the next two podcast publishers combined, has the most recognizable live events across all genres of music, has the number one social footprint among audio players, with seven times more followers than the next audio media brand, and is the only fully integrated audio ad tech solution across broadcast, streaming and podcasts. The company continues to leverage its strong audience connection and unparalleled consumer reach to build new platforms, products and services. Visit iHeartMedia.com for more company information.

For more information contact:
Jenn Powers at JennPowers@iheartmedia.com 

Origin Agritech Showcases Advanced Biotechnology Capabilities and Announces Landmark Partnership at International Seed Industry Conference

SANYA, China, Jan. 16, 2025 /PRNewswire/ — Origin Agritech Ltd. (NASDAQ: SEED) (the “Company” or “Origin”), a leading Chinese agricultural technology company, today announced significant advances in its biotechnology breeding program and a groundbreaking partnership during the 4th Sanya International Seed Industry Scientist Conference and 2025 International Seed Industry Technology Expo.

During his keynote presentation at the conference’s Corn Seed Forum, Origin CEO Yan Weibin outlined the Company’s strategic vision and latest achievements. “Building long-term strengths and becoming a high-tech seed service company led by biotechnology is Origin’s first consideration,” stated Mr. Yan. “We are committed to developing into an international seed enterprise with strong scientific research capabilities, team strength, market awareness, variety portfolio, and service capabilities.”

In a significant development, Origin announced a three-way partnership with China Agricultural University, the world’s top-ranked institution in agricultural science, and the Beijing Academy of Agricultural and Forestry Sciences. This partnership establishes a comprehensive research and development initiative focused on corn “smart plant type” improvement and innovative variety development.

“By uniting the strengths of these prestigious institutions with Origin Agritech’s biotechnology capabilities, we are creating a powerhouse for agricultural innovation,” said Yan. “This partnership represents a collaboration that will reshape the future of corn development and smart plant technology.”

Key Achievements and Capabilities:

  • Establishment of four provincial and ministerial R&D platforms with research bases in Beijing, Hainan, and Henan
  • Development of a large-scale corn genetic platform for efficient functional gene exploration
  • Creation of the world’s first corn haploid induction line Hi3 gene editing technology system in collaboration with “Science Exploration Award” winner Professor Tian Feng
  • Accumulation of nearly 300,000 corn germplasm resources
  • Authorization for multiple gene editing traits, including leaf angle, plant height, and rust resistance
  • Obtaining the second-generation BT and GT GMO corn BBL2-2 biosafety certificate in May 2024
  • Establishing the “Origin Marker Biological Breeding Service Consortium” with China Golden Marker Biotechnology Co., Ltd. and launching four comprehensive biotechnology services: BBL2-2 transgenic applications, molecular marker and variety improvement, gene editing trait improvement, and corn mutant library applications

China’s seed industry is at a crucial juncture in biotechnology breeding,” added Mr. Yan. “Origin is committed to continuing our substantial R&D investments and providing leading biotechnology services for the seed industry while embracing digital and information technologies to enable multi-dimensional industrial development.”

Images from the conference are available on the Company’s X account: https://x.com/origin_agritech.

About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is a leading Chinese agricultural technology company. In crop seed biotechnologies, Origin Agritech’s phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China’s Ministry of Agriculture. Over the years, Origin has established a robust biotechnology seed pipeline, including products with glyphosate tolerance and pest resistance (Bt) traits. For further information, please visit the Company’s website at www.originagritech.com. The Company also maintains an X account for updating investors on Company and industry developments which is https://x.com/origin_agritech.

For more information, please contact:
Origin Agritech Limited Contact:
Kate Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: bing.lang@originseed.com.cn

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

Independent Reserve And Golf Olympian Shannon Tan Extend Partnership To Soar To New Heights

SINGAPORE, Jan. 16, 2025 /PRNewswire/ — Independent Reserve (IR), Singapore’s first licensed cryptocurrency exchange for all investors, proudly announces its continued partnership with Shannon Tan for the next two years through 2026. A trailblazer in Singapore golf, Shannon is the nation’s first Ladies European Tour (LET) winner and also its inaugural golf Olympian.

Lasanka Perera, CEO of Independent Reserve Singapore with Shannon Tan, Singapore's first Golf Olympian & LET winner
Lasanka Perera, CEO of Independent Reserve Singapore with Shannon Tan, Singapore’s first Golf Olympian & LET winner

With her sights set on the prestigious LET in 2025, Shannon embodies the discipline and focus needed to excel on the global stage. Her methodical, step-by-step approach to the sport resonates deeply with IR’s measured and strategic business philosophy. As one of the main sponsors, the crypto exchange aims to empower Shannon to soar to new heights in her career, ensuring she has additional resources to compete at the sport’s highest level.

“We’re absolutely thrilled to continue supporting Shannon on her journey as a professional golfer, representing Singapore on the world stage,” said Lasanka Perera, CEO of Independent Reserve. “Her stellar achievements in her debut season are a testament to her remarkable attitude and dedication to the sport. Shannon’s mental fortitude and discipline resonate with the values we uphold as a business. With over a decade of experience as a crypto exchange, we understand the importance of charting our own course, managing risks, and demonstrating resilience in the face of challenges. We look forward to cheering Shannon on as she takes her career to the next level.”

Rooted in Shared Aspirations

The collaboration between the parties is built on a foundation of friendship, mutual respect and a shared vision to inspire and uplift. Over the coming years, IR will work closely with Shannon to fuel her passion for the game, supporting her not just financially but as a trusted ally in her journey. The camaraderie between Perera and Tan extends beyond the golf course, celebrating the strength of working together to achieve greater results, and reinforcing IR’s values of fostering mateship and genuine connections that drive success.

“I’m incredibly grateful for the friendship and continued support from Lasanka and Independent Reserve. As a young athlete navigating the professional golf circuit, I’ve been inspired by Lasanka’s leadership and his approach to overcoming challenges. Their belief in me gives me the confidence to keep pushing myself and take on bigger opportunities. Representing Singapore on the world stage is a privilege, and having such a steadfast partner by my side reminds me that we are better together. I am excited about what’s ahead.”

“Better Together”: Empowering Local Communities to Scale New Horizons

As part of its corporate responsibility efforts, IR collaborates meaningfully to support the aspirations of everyday Singaporeans, providing a platform for individuals to reach their full potential. Its “Better Together” initiative strengthens communities through strategic partnerships and impactful programmes, championing underrepresented talent and fostering inclusive opportunities.

Aside from supporting athletes such as Shannon Tan, IR also partners with Extra•Ordinary People – a local charity dedicated to empowering individuals with special needs and fostering an inclusive society where everyone can thrive. In its second year with the charity, IR is working to raise awareness and support for youths with special needs to lead independent and fulfilling lives.

By providing platforms for individuals and communities to rise above and be the best versions of themselves, IR strives to make meaningful, lasting contributions to society.

About Independent Reserve

Founded in 2013, Independent Reserve is one of the oldest and most trusted cryptocurrency exchanges in the APAC region. We offer a secure, user-friendly platform for trading Bitcoin and other digital assets, catering to both individual and institutional investors.

As the first exchange licensed by the Monetary Authority of Singapore (MAS), Independent Reserve upholds the highest standards of governance, compliance, and security. Our competitive fees, advanced trading tools, and educational resources enable users to confidently navigate the world of cryptocurrencies.

Beyond our core business, Independent Reserve is dedicated to positively impacting the communities it serves, leading by example as a force for good, promoting equal opportunities and fostering a society where everyone can thrive—particularly by helping individuals with special needs lead independent lives and supporting athletes in pursuing their dreams and aspirations. 

About Shannon Tan

Shannon Tan is a professional Singaporean golfer on the Ladies European Tour (LET) and Singapore’s first Golf Olympian. Starting her golfing journey at just five years old, Shannon went on to compete in various prestigious international amateur golf tournaments throughout her junior career. Her talent earned her a full-ride scholarship at Texas Tech University, where she achieved a T-4 finish at the NCAA Division I golf regionals. As an amateur, she also claimed victory at the 2023 Singapore Ladies Masters, a professional event on the China LPGA Tour. Shannon turned professional in January 2024, finishing second at the Webex Players Series Murray River on her debut.

In February 2024, Shannon made history as the first Singaporean to secure a full LET card, winning on her LET professional debut at the Magical Kenya Ladies Open. She went on to notch a further four Top-10 finishes, and concluded her remarkable rookie season ranked 6th on the Order of Merit, earning a spot in the final stage of the LPGA Q-Series. Shannon also became the first golfer to represent Singapore at Olympic level, competing at the 2024 Olympics Games in Paris.

At just 20 years old, Shannon is passionate about inspiring the next generation. She aspires to be a role model for young athletes, encouraging them to pursue their dreams both on and off the golf course.

SunCar Joins China Auto Dealers Chamber of Commerce as Vice-Chairman Member, Expanding Market Potential

NEW YORK, Jan. 16, 2025 /PRNewswire/ — SunCar Technology Group Inc. (NASDAQ: SDA) (“SunCar” or the “Company”), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce the Company has officially joined the China Auto Dealers Chamber of Commerce (CADCC) as one of its 40 “vice-chairman” members. This milestone solidifies SunCar’s influence in the automotive industry and sets the stage for strategic growth in both the New Energy Vehicle (NEV) and traditional fuel vehicle markets.

With over 3 billion fuel vehicles in circulation in China, the traditional automotive market remains a significant sector of opportunity. By joining CADCC, SunCar not only strengthens its position in the rapidly growing NEV space but also expands into the extensive network of fuel vehicle dealerships. This dual focus enables the company to cover the entire spectrum of the automotive market, catering to diverse consumer needs while driving innovation and collaboration within the industry.

Founded in 2006, the China Automobile Dealers Chamber of Commerce (CADCC) is a national-level organization under the All-China Federation of Industry and Commerce, representing over 2,000 members, including nearly 8,000 4S dealerships. CADCC serves as a key bridge between dealers, manufacturers, and consumers, promoting innovation, sustainable growth, and industry collaboration while offering services such as policy advocacy, training, and international exchanges. As a vice-chairman member, SunCar joins an exclusive group of enterprises recognized for their exceptional contributions and leadership in the automotive circulation field.

“This partnership is a major step in our strategic development,” Ye Zaichang, Chairman and CEO of SunCar, stated at the press conference. “It reflects our commitment to bridging the fuel vehicle and NEV markets, fostering collaboration with industry leaders, and meeting the evolving demands of consumers. We aim to leverage this opportunity to drive sustainable growth and innovation while enhancing the overall competitiveness of the industry.”

Membership in CADCC provides SunCar with a valuable platform for engaging in industry exchanges, policy discussions, and market initiatives. The company plans to collaborate with other members to share resources and develop tailored solutions for both NEVs and fuel vehicles. By addressing the unique characteristics of each market segment, SunCar seeks to create synergies that benefit the broader automotive industry.

About SunCar Technology Group Inc.

Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company’s intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com.

Forward-Looking Statements

This press release may contain information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

Contact Information:

SunCar:
Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com

U.S. Investor Relations
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

Tineco Earns Top Honors and Redefines Smart Cleaning at CES 2025

Leading Floor Care Brand Takes Home Slew of Distinguished Editorial Awards

SEATTLE, Jan. 16, 2025 /PRNewswire/ — Tineco, a trailblazer in smart home cleaning solutions, celebrates its outstanding achievements at CES 2025, garnering several industry awards for its innovative products. These accolades spotlight Tineco’s bold strides in creating intelligent, user-focused cleaning technologies that enhance modern living. Award wins include:

  • SlashGear’s 2025 CES Innovation Awards – Floor One S9 Artist Steam
  • House Digest’s 2025 CES Innovation Awards – Carpet One Cruiser
  • Android Authority’s 2025 CES Breakthrough Awards – Floor One S9 Artist Steam
  • Reviewed Awards at CES 2025 – Floor One S9 Artist Steam

Tineco Earns Top Honors and Redefines Smart Cleaning at CES 2025
Tineco Earns Top Honors and Redefines Smart Cleaning at CES 2025

The award-winning products of 2025 embody Tineco’s commitment to pushing the boundaries of what’s possible in home cleaning. The Tineco FLOOR ONE S9 Artist Steam, honored with three distinguished awards from SlashGear, Android Authority, and Reviewed, introduced groundbreaking capabilities designed to tackle household challenges with ease. Among the standout features that captured the audience’s attention at CES were its impressive 284°F high-temperature steam, seamless maneuverability thanks to SmoothDrive Technology, and Aurora AI Lights that dynamically adjust in color to reflect the cleaning status. The seamless self-cleaning cycle that leaves the floor washer and all components in pristine condition for its subsequent use was another highlight, earning particular praise for the efficiency it offered during live demonstrations.

Additionally, the Tineco Carpet One Cruiser, recognized with an innovation award from House Digest, exemplifies Tineco’s dedication to crafting trailblazing, high-performance cleaning solutions for everyday use. Designed to effortlessly tackle tough stains and refresh carpets, the Carpet One Cruiser delivers unmatched convenience and effectiveness through its advanced features. Its 167°F High-temp PowerDry technology significantly accelerates drying time, while its self-cleaning system eliminates the hassle of post-use maintenance by automatically cleaning the brush head, roller, and internal components. This combination of deep-cleaning performance and user-friendly functionality positions the Carpet One Cruiser as a game-changing solution for busy households.

“This recognition reinforces our mission to revolutionize the home cleaning experience through continuous innovation,” said Mr. Leng, CEO at Tineco. “Our new technologies are designed to empower customers, making their lives simpler and more efficient.”

At CES 2025, Tineco also showcased the PURE ONE Station 5, an intelligent stick vacuum with a 3-in-1 Smart Station that provides automatic self-cleaning, charging, and storage. All spotlight SKUs displayed at CES display Tineco’s dedication to meeting the diverse needs of today’s households.

Further underscoring industry leadership in the category, Tineco’s parent company, Ecovacs, garnered multiple impressive awards including:

  • Twice’s 2025 Picks Award – Deebot X8 Pro Omni
  • MAKEUSEOF’s Best of 2025 Award – GOAT A3000 LiDar
  • 2024-2025 Global Smart Home Brands Top 10 – Ecovacs Robotics
  • Robotic Lawn Mower Technology Innovation Award – GOAT A2500 RTK

With a community of over 14 million loyal users across key markets globally, including regions in North America, Europe, and Asia, Tineco continues to prioritize quality and cutting-edge functionality. From pioneering smart vacuums to designing next-generation cleaning systems, the brand remains at the forefront of the industry.

About Tineco

Tineco was founded in 1998 with its first SKU as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has innovated into a global leader offering intelligent appliances across home categories, including floor care, kitchen, and personal care. Tineco is dedicated to its brand vision of making life easier through smart technologies and consistently innovating new devices. For more information, visit us.tineco.com.