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Accuray Announces First 100 Patient Treatment Regimens Completed in China Using the Tomo® C Radiation Treatment Delivery System, a CNNC-Accuray Joint Venture Product

MADISON, Wis., Jan. 23, 2025 /PRNewswire/ — Accuray Incorporated (NASDAQ: ARAY) announced today that Shandong Cancer Hospital and Institute has achieved a milestone with the completion of treatment for 100 patients using the Tomo® C Radiation Treatment Delivery System, a product built in China through the CNNC-Accuray joint venture. Shandong Cancer Hospital and Institute was the first hospital in China to receive the new Tomo C System which has already demonstrated its value by expanding clinical capabilities and the opportunity to offer potentially curative treatment to more people diagnosed with cancer. This first cohort of Tomo C System treatments also represent a milestone for Accuray which is focused on addressing the broad needs of the underserved Chinese radiation therapy market.

The number of new cancer cases in China is anticipated to increase by almost 47 percent in the coming years with about 7.1 million people expected to be diagnosed in 2045, compared to an estimated 4.8 million people in 20221. The data reinforces the importance of advanced radiotherapy technology that enables the precise treatment of the full spectrum of cancer cases clinical teams see in their practice.

“We are proud to support the Shandong Cancer Hospital and Institute team as they enhance their cancer treatment options with the new Tomo C System. I am pleased that a wide range of cancer types were successfully treated among these 100 patients and that the fast speed of treatment is expected to meaningfully increase capacity – enabling them to treat more patients per day,” said Suzanne Winter, president and CEO of Accuray.

Continued Ms. Winter, “The system was developed to enable more clinicians in China to offer fast, effective, personalized cancer care to their patients. Its introduction expands our product portfolio in this important region and reinforces our commitment to providing our customers with the tools they need to offer the best care possible to any patient they believe would benefit from radiotherapy.”

Shandong Cancer Hospital and Institute, founded in 1958, is a top center for cancer care, research, and prevention in China. Serving over 400,000 patients annually, it offers advanced treatments and collaborates with global leaders such as MD Anderson Cancer Center in the United States. The hospital is committed to innovation and excellence in cancer treatment.

“The introduction of the Tomo C Radiation Treatment Delivery System, based on the helical TomoTherapy® platform, is a significant milestone in advancing precision radiotherapy for cancer patients,” said Prof. Yu, President of Shandong Cancer Hospital. “The TomoTherapy platform has already demonstrated its transformative impact on cancer treatment. With the Tomo C System we can treat an average of 95 patient treatment fractions per day, enabling our team to provide innovative and effective care for more patients and reaffirming our commitment to the “Healthy China Initiative.” This achievement sets a new benchmark for cancer care, propelling our efforts to the next level.”

The Tomo C System is designed to provide medical care teams with greater certainty in the outcomes they achieve when treating patients with radiotherapy. Each component of the system – from helical imaging and delivery to advanced treatment planning and centralized data management – is designed to work seamlessly together to facilitate fast, ultra-precise treatments while enabling more patients to receive care each day.

About Accuray
Accuray is committed to expanding the powerful potential of radiation therapy to improve as many lives as possible. We invent unique, market-changing solutions that are designed to deliver radiation treatments for even the most complex cases—while making commonly treatable cases even easier—to meet the full spectrum of patient needs. We are dedicated to continuous innovation in radiation therapy for oncology, neuro-radiosurgery, and beyond, as we partner with clinicians and administrators, empowering them to help patients get back to their lives, faster. Accuray is headquartered in Madison, Wisconsin, with facilities worldwide. To learn more, visit www.accuray.com or follow us on Facebook, LinkedIn, X, and YouTube.

Safe Harbor Statement
Statements made in this press release that are not statements of historical fact are forward-looking statements and are subject to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release relate, but are not limited, to expectations and goals regarding the company’s products, services and innovations, including related to the Tomo C Radiation Treatment Delivery System; expectations regarding the company’s joint venture in China; and patient experiences and patient outcomes. These risks and uncertainties include, but are not limited to, the effect of the current global economic environment, including in connection to the COVID-19 pandemic, on the operations of the company and those of its customers and suppliers; the company’s ability to achieve widespread market acceptance of its products; the company’s ability to develop new products or improve existing products to meet customers’ needs; the company’s ability to anticipate or keep pace with changes in the marketplace and the direction of technological innovation and customer demands; reliance on third party collaborators, partnerships, strategic alliances and joint ventures; and such other risks identified under the heading “Risk Factors” in the company’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2024, and as updated periodically with the company’s other filings with the SEC.

Forward-looking statements speak only as of the date the statements are made and are based on information available to the company at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. The company assumes no obligation to update forward-looking statements to reflect actual performance or results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. Accordingly, investors should not put undue reliance on any forward-looking statements.

Media Contact:
Beth Kaplan
Public Relations Director, Accuray
+1 (408) 789-4426
bkaplan@accuray.com

________________________

1International Agency for Research on Cancer, World Health Organization.
https://gco.iarc.fr/tomorrow/en/dataviz/tables?populations=160

One-Million-Strong: Bybit Card Marks Major Milestone in User Base

DUBAI, UAE, Jan. 23, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to share a new milestone in user adoption of the crypto-friendly Bybit Card, now serving over 1 million card holders worldwide. Announcing over 100,000 USDT in rewards through a variety of fun challenges, the Bybit Card has officially kicked off the celebration to welcome new users and thank existing customers.

In less than a year, the Bybit Card has gone from zero to over a million global users, winning hearts and swipes with its seamless integration into the global Mastercard network, user-friendliness, and commitment to making crypto an everyday choice. As crypto adoption continues to rise, more and more users are seeking ways to spend their crypto, and the Bybit Card offers an intuitive solution with simple off-ramp features, attractive perks and cashbacks, and competitive APRs on eligible crypto balances.

One-Million-Strong: Bybit Card Marks Major Milestone in User Base
One-Million-Strong: Bybit Card Marks Major Milestone in User Base

To show appreciation for its growing global community, Bybit is offering exciting giveaways in an inclusive celebration from Jan. 23 to Feb 23, 2025. Here’s what’s up for grabs for applicants and users who register for the event:

  • Welcome Perk: Successful applicants will receive a virtual gift box along with the virtual card, each containing a small token of thanks in USDT, DOGE, SOL, and other sought-after tokens. Gifts are distributed on a first-come, first serve basis.
  • More Sharing, More Winning: Bybit’s regular referral program offers 20 USDT for every successful referral, and new users receive 10 USDT. During this special event, the top referrer will take home a grand prize of 15,000 USDT from the 100,000 USDT prize pool.
  • Up to 5% Cashback: Users will get to select one cashback category of their choice and enjoy up to 50 USDT or 5% cashback throughout the event, with VIP users given two categories to diversify their rewards.

“This milestone reflects the growing adoption of crypto payment solutions and our users’ trust in Bybit’s services. We are proud of this incredible achievement thanks to the amazing global crypto community.” said Joan Han, Sales and Marketing Director at Bybit. “We will continue on our mission to spread the love for crypto and support our users as they make memories with the Bybit Card.”

Starting the new year a million strong, the Bybit Card is dedicated to refining crypto-friendly payment solutions for everyday use, enriching the traditional payment system by weaving in crypto options, one transaction at a time.

Registration is required for the event. Terms and conditions apply: Bybit Card – One-Million Celebration

#Bybit / #TheCryptoArk / #TheBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Corero Network Security Enhances UK Dedicated Servers’ DDoS Defense with High-Performance Upgrade

UK Dedicated Servers Strengthens Partnership with Corero as First EMEA Adopter of New Adaptive NTD3400 DDoS Solution

MARLBOROUGH, Mass., Jan. 23, 2025 /PRNewswire/ — Corero Network Security (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service (DDoS) protection specialists, today announced that UK Dedicated Servers, a leading provider of enterprise hosting and managed communications services, has upgraded its DDoS protection with Corero’s next-generation technology. The upgrade marks a continued partnership between the two companies, as UK Dedicated Servers enhances its network security and prepares for future growth.

UK Dedicated Servers is the first in the EMEA region to adopt Corero’s latest DDoS protection technology, leveraging the new 400G interface to enhance network connectivity. The company has also reached a milestone by being the first in the region to adopt and validate live traffic on the NTD3400, demonstrating scalability and performance under real-world conditions. Having relied on Corero’s NTD1100 appliances for years to safeguard its infrastructure, UK Dedicated Servers has now upgraded to the NTD3400 to meet growing demand and strengthen defenses. This upgrade future-proofs the company’s infrastructure, providing greater capacity, robust security, and the ability to scale with a rapidly evolving digital landscape.

David Howes, Director at UK Dedicated Servers, stated:
“Corero’s NTD1100 has been a reliable workhorse for our network, but as our growth accelerates, we knew it was time to take the next step. The new solution offers the scalability and advanced capabilities we need to stay ahead of threats and deliver seamless service to customers. This upgrade gives us confidence that our infrastructure is ready to tackle whatever challenges lie ahead.”

Carl Herberger, CEO at Corero Network Security, commented:
“We’re thrilled to continue our partnership with UK Dedicated Servers as they adopt our latest DDoS protection technology. Their decision to upgrade underscores their trust in Corero and commitment to staying ahead of evolving threats. At Corero, we’re dedicated to delivering innovative solutions that secure our customers today and prepare them for tomorrow.”

About Corero Network Security
Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. Corero’s technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centers in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered in London and listed on the London Stock Exchange’s AIM market (ticker: CNS) and the US OTCQX Market (OTCQX: DDOSF).

 

Tech Mahindra and Wall Street Journal Intelligence Launch ‘The Tech Adoption Index’ Report at WEF 2025

DAVOS, Switzerland, Jan. 23, 2025 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, has partnered with the Wall Street Journal Intelligence to launch The Tech Adoption Index, a report with critical insights into global technology adoption trends. The report was unveiled at the World Economic Forum in Davos by Dr Anish Shah, Group CEO and MD, Mahindra Group; Mohit Joshi, CEO & Managing Director, Tech Mahindra; Josh Stinchcomb, EVP & Chief Revenue Officer, The Wall Street Journal; and Peeyush Dubey, Chief Marketing Officer, Tech Mahindra.

Tech Mahindra and Wall Street Journal Intelligence Launch ‘The Tech Adoption Index’ Report at WEF 2025
Tech Mahindra and Wall Street Journal Intelligence Launch ‘The Tech Adoption Index’ Report at WEF 2025

The marquee report draws insights from over 1,000 global C-suite executives and industry leaders across 10 countries in North America, EMEA, and Asia, working at companies generating at least $500 million in annual revenue.

Josh Stinchcomb, Chief Revenue Officer, the Wall Street Journal, said, “We found that the most successful companies must balance speed, scale, and ROI with smooth integration. Tech Mahindra’s expertise in digital transformation was instrumental in the research process and deepened our exploration of these complex challenges.” 

Key findings from the Tech Adoption Index:

  • 84% of companies believe a diverse technology portfolio is crucial to achieving business success
  • Artificial intelligence (AI), cybersecurity, and cloud computing emerge as the most instrumental technologies driving enterprise growth
  • Businesses see 5G and IoT as key enablers but face challenges in seamless onboarding and integration of emerging technologies

The report also provides a unique benchmarking tool hosted on a dedicated Tech Mahindra property within the Wall Street Journal website. This platform will enable organizations to measure the efficacy of their technology portfolios against industry standards, fostering informed decision-making.

Peeyush Dubey, Chief Marketing Officer, Tech Mahindra, said, “The Tech Adoption Index highlights that digital maturity isn’t just about keeping up with technology—it’s also a key indicator of resilience, foresight, and competitive strength. Our partnership with the Wall Street Journal Intelligence underscores our shared vision and commitment to empower enterprises with a clearer understanding of their digital journey, enabling smarter decisions that shape a sustainable future.”

The Tech Adoption Index is part of Tech Mahindra’s ongoing collaboration with The Wall Street Journal to explore key factors for deploying digital infrastructure. The report will be available as a downloadable whitepaper that users can access towards the end of the benchmarking survey hosted on the WSJ and Tech Mahindra’s dedicated portal.

For more information on how TechM can partner with you to meet your Scale at Speed™ imperatives, please visit https://www.techmahindra.com

Social Media Channels: Facebook, Twitter, LinkedIn, Youtube  

 

 

Jollibee Group Opens First Tiong Bahru Bakery in the Philippines


MANILA, PHILIPPINES – Media OutReach Newswire – 23 January 2025 The Jollibee Group is stepping into the new year with sustained momentum as it inaugurated the first Tiong Bahru Bakery branch in the Philippines— its first foray into fresh viennoiseries and handmade pastries—on January 13.

Ribbon cutting: From the heart of Singapore to the vibrant community of Taguig, the first Tiong Bahru Bakery in the Philippines is bringing the finest handmade pastries, buttery croissants, and artisanal breads made with the best French ingredients to Filipino customers. Photo shows (L-R): Jollibee Group Foreign Franchised Brands Philippines Vice President & Business Development Head Ned Bandojo, Jollibee Group Philippines Chief Executive Officer Joseph Tanbuntiong, Titan Dining Director Damien Lim, Jollibee Group Global President and Chief Executive Officer Ernesto Tanmantiong, Republic of Singapore’s Ambassador to the Philippines Constance See, Taguig City Mayor Lani Cayetano, Jollibee Group Founder and Chairman Dr. Tony Tan Caktiong, Miss Universe 2018 Catriona Gray, Titan Dining Chairperson Peter Tan, Ayala Malls’ Chief Operating Officer Paul Birkett, Tiong Bahru Bakery General Manager Matt McLauchlan, and Jollibee Group Foreign Franchised Brands Operations Manager Chynna Ramos.
Ribbon cutting: From the heart of Singapore to the vibrant community of Taguig, the first Tiong Bahru Bakery in the Philippines is bringing the finest handmade pastries, buttery croissants, and artisanal breads made with the best French ingredients to Filipino customers. Photo shows (L-R): Jollibee Group Foreign Franchised Brands Philippines Vice President & Business Development Head Ned Bandojo, Jollibee Group Philippines Chief Executive Officer Joseph Tanbuntiong, Titan Dining Director Damien Lim, Jollibee Group Global President and Chief Executive Officer Ernesto Tanmantiong, Republic of Singapore’s Ambassador to the Philippines Constance See, Taguig City Mayor Lani Cayetano, Jollibee Group Founder and Chairman Dr. Tony Tan Caktiong, Miss Universe 2018 Catriona Gray, Titan Dining Chairperson Peter Tan, Ayala Malls’ Chief Operating Officer Paul Birkett, Tiong Bahru Bakery General Manager Matt McLauchlan, and Jollibee Group Foreign Franchised Brands Operations Manager Chynna Ramos.

Originally hailing from Singapore, Tiong Bahru Bakery is known for its croissant and other expertly handmade pastries using the finest French ingredients. It now has 21 branches in Singapore. Its first store in the Philippines is located at the Verve Residences Tower 2, Bonifacio Global City (BGC) in Taguig City, Philippines.

“Introducing Tiong Bahru Bakery to the Philippine market aligns with our commitment to providing Filipinos with exciting, world-class dining experiences,” said Ernesto Tanmantiong, Global President and CEO of the Jollibee Group.

“This marks the first international branch of Tiong Bahru Bakery, and we are proud to open it here in the Philippines. We deeply appreciate the support of our exceptional partners—Titan Dining, Ayala Malls, and Taguig City—who have been instrumental in bringing this vision to life. We look forward to seeing this collaboration thrive, blending local and global culinary traditions, as we continue spreading the joy of eating,” Tanmantiong added.

Republic of Singapore’s Ambassador to the Philippines, Her Excellency Constance See (center) was among the esteemed guests present at the inauguration of Tiong Bahru Bakery’s first international store. Joining Ambassador See in the photo were (L to R) Titan Dining Chairman Peter Tan, Titan Dining Director Damien Lim, Taguig City Philippines Mayor Lani Cayetano, Jollibee Group Founder and Chairman Dr. Tony Tan Caktiong, Jollibee Group Global President and Chief Executive Officer Ernesto Tanmantiong, and Jollibee Group Philippines Chief Executive Officer Joseph Tanbuntiong.
Republic of Singapore’s Ambassador to the Philippines, Her Excellency Constance See (center) was among the esteemed guests present at the inauguration of Tiong Bahru Bakery’s first international store. Joining Ambassador See in the photo were (L to R) Titan Dining Chairman Peter Tan, Titan Dining Director Damien Lim, Taguig City Philippines Mayor Lani Cayetano, Jollibee Group Founder and Chairman Dr. Tony Tan Caktiong, Jollibee Group Global President and Chief Executive Officer Ernesto Tanmantiong, and Jollibee Group Philippines Chief Executive Officer Joseph Tanbuntiong.

Homey Neighborhood, Exceptional Viennoiseries

Tiong Bahru Bakery’s strength lies in its passion for excellence, showcased in its exceptional offerings: the signature flaky and buttery croissant, the indulgent Pain Au Chocolat, the bestselling sweet and rich Kouign Amann, the savory Za’atar Miso Eggplant Sandwich, and the zesty, refreshing Lemon Tart. Completing customers’ Tiong Bahru Bakery dining experience is the good coffee from sustainably sourced beans produced by Common Man Coffee Roasters.

“For years, the Tiong Bahru Bakery has been synonymous with serving the epitome of croissants and an array of delectably unique creations. Now, with its arrival in the Philippines, we want the location to be the people’s go-to spot where they can indulge in freshly baked products while soaking in the store’s inviting ambiance,” said Joseph Tanbuntiong, CEO of Jollibee Group Philippines.

Tiong Bahru Bakery’s commitment to honoring the true craft of artisanal baking has been in its DNA and is supported by the use of the finest French ingredients paired with the careful creation of the viennoiseries using the time-honored techniques.

“Our signature croissants take three whole days to perfect—a process that involves careful fermentation, layering, proofing, and baking to achieve that golden, flaky finish that we and our customers love. These techniques are a testament to the skill and dedication of our bakers and our belief that great food is worth the time and effort,” said Tiong Bahru Bakery’s General Manager Matt McLauchlan.

The Tiong Bahru Bakery in Taguig City, Philippines is open daily from 7 a.m. until 10 p.m. For more information, follow Tiong Bahru Bakery on Facebook or visit the Jollibee Group official website for store details and updates.
Hashtag: #JollibeeGroup

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

About Jollibee Group

Jollibee Foods Corporation (JFC), also known as the Jollibee Group, is one of the world’s fastest-growing restaurant companies, with a mission to deliver great-tasting food, bringing the joy of eating through its 19 brands with over 9,500 stores across 32 countries.

The Jollibee Group’s portfolio includes eight wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger), four franchised brands (Burger King, Panda Express, Yoshinoya in the Philippines, and Tim Ho Wan in China), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology.

The Jollibee Group has recently completed the transfer of ownership and management of Tim Ho Wan to Jollibee Group’s wholly-owned subsidiary Jollibee Worldwide Pte. Ltd. The Jollibee Group also established a joint venture company that holds the franchise rights to operate Tiong Bahru Bakery and Common Man Coffee Roasters in the Philippines.

The Jollibee Group’s global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs).

The Jollibee Group has been recognized as the Philippines’ Most Admired Company by the Asian Wall Street Journal, named one of Asia’s Fab 50 Companies, and listed among Forbes’ World’s Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME’s World’s Best Companies and Fortune’s Southeast Asia 500 List.

To learn more about Jollibee Group, visit

Tianneng can achieve a win-win future with Lincoln

HUZHOU, China, Jan. 23, 2025 /PRNewswire/ — Entering 2025, more than 5,000 Lincoln sedans equipped with Tianneng automotive batteries, an increasing number of car owners choose to walk with Tianneng, jointly writing the comfort and ease of driving.

Lincoln pursues the philosophy of “Luxury, in Its Own Way,” creating a Lincoln Way customer experience that exceeds expectations through exceptional product performance and high-standard service capabilities. As the main power supply, the quality and performance of the battery are closely related to vehicle starting and the operation of in-car electronics, directly impacting the driving and riding experience. Lincoln is renowned for its abundant automotive electronic equipment and high-end configurations, placing higher demands on the comprehensiveness of batteries.

Tianneng automotive batteries employ the PowerDurable3.0 technology platform, integrating nano-carbon innovative technology, integrated three-proof technology, and rapid-current grid technology. They excel in battery stability, service life, CCA starting, charge acceptance, vibration resistance, and other aspects, perfectly adapting to Lincoln’s complex electronic systems and intelligent needs. Additionally, Tianneng’s nationwide automotive battery service network provides convenient and reliable installation and after-sales services for Lincoln owners, serving as a valuable supplement to Lincoln’s after-sales service system and adding more tangible displays to the Lincoln Way.

In the future, Tianneng will continue to play the role of an enabler in the automotive battery aftermarket, assisting outstanding partners like Lincoln in achieving new growth with better products and services, and creating a better travel life for more users.

U Power Limited Commences Commercial Operations in Peru with UOTTA Battery-Swapping Technology

– UOTTA Two-Wheeler and Three-Wheeler Battery Swapping Solutions Selected by Treep Mobility Group S.A.C.-

SHANGHAI, Jan. 23, 2025 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that its UOTTA battery-swapping technology for two-wheeler and three-wheeler electric vehicles has been selected by Treep Mobility Group S.A.C. (“Treep Mobility”), a leading Moto Taxi operator in Peru. 


U Power has successfully completed the pilot deployment in Peru, which includes 2 operational battery-swapping stations, 1 three-wheeler and 10 two-wheeler electric vehicles. Following this successful pilot, Treep Mobility plans to convert its fleet of traditional fuel-powered vehicles to UOTTA’s battery-swapping model, with total orders expected to exceed US$1 million.

Treep Mobility strongly endorses UOTTA’s shared battery-swapping model, recognizing its ability to maintain operational hours and revenue when transitioning from traditional fuel vehicles to electric vehicles, while reducing operating costs by 30-40% compared to fuel vehicles. This green and economical transportation solution aligns with environmental development trends.

The UOTTA solution integrates AI technology through its cloud platform and station control system, effectively predicting customer demand and optimizing charging and swapping efficiency to enhance overall operational efficiency. The AI technology also provides targeted solutions based on operational data analysis of vehicles and swapping stations.

“The Moto Taxi market represents an enormous opportunity in Peru and South America,” said Jia Li, Chairman and CEO of U Power. “Peru alone has over 100,000 registered Moto Taxis, and South America adds more than 300,000 new electric three-wheeler and two-wheeler motorcycles annually. Treep Mobility’s partnership demonstrates that the battery-swapping model is a more economical, convenient, and profitable choice for companies using three-wheeler and two-wheeler motorcycles in passenger transport and delivery services. We believe more companies like Treep Mobility in South America will partner with us, driving sustainable business growth.”

About U Power Limited

U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China’s lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company’s website: http://ir.upincar.com/.

Forward-Looking Statements

This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. 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 identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. 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 U.S. Securities and Exchange Commission.

Contact

U Power Limited
Investor Relations Department
Email: ir@upincar.com

Robin Yang, Partner
ICR, LLC
Email: UPower.IR@icrinc.com
Phone: +1 (212) 475-0415

Global market for toys in Nuremberg: Spielwarenmesse inspires its audience with trends and new networking formats

  • More to experience with inspiring innovations
  • More efficient due to improved hall structure
  • More interaction thanks to individual networking opportunities

NUREMBERG, Germany, Jan. 23, 2025 /PRNewswire/ — The Spielwarenmesse is the industry’s highlight of the year and, from 28 January to 1 February 2025, it will for the 74th time be drawing the international toy world under its spell. This live on-site event in Nuremberg continues to be an unmissable meeting point for business and networking. The organiser, Spielwarenmesse eG, has some pioneering innovations up its sleeve to reflect the future demands of the market and strengthen further its position as the world’s leading B2B event. Visitors and buyers can expect a future-orientated hall structure and innovative new products, together with exclusive Specials and plenty of networking opportunities.

Christian Ulrich, Board Spokesperson at Spielwarenmesse eG, presents the ToyAward nominees of the Spielwarenmesse 2025. (Photo: Spielwarenmesse eG/Thomas Panzau)
Christian Ulrich, Board Spokesperson at Spielwarenmesse eG, presents the ToyAward nominees of the Spielwarenmesse 2025. (Photo: Spielwarenmesse eG/Thomas Panzau)

Central industry platform

From established market leaders to innovative startups, from classic brands to the rising stars of the sector – the Spielwarenmesse at the end of January represents the entire bandwidth of the international industry. 2,362 exhibitors from 71 countries will be presenting the impressive diversity of their products, along with their strategies and visions, to decision-makers from the trade, in an even larger area of 175,000 m2. “We have continued to develop the content at the Spielwarenmesse and, by using an additional hall, have created new structures that will greatly benefit the entire sector,” explains Christian Ulrich, Board Spokesperson at Spielwarenmesse eG. “In addition, with a number of networking events – all held in an appealing and relaxed atmosphere – we are encouraging the ever more important exchanges of views that take place between participants.” A recent study by the German trade fair association AUMA confirms the high value placed upon such fairs, showing that 60% of business contacts would not develop to the same extent by digital means.

Efficient product groups

13 product groups across 18 halls will display to trade visitors and buyers the rich diversity of the toy world. With the new allocation of halls, touring the fair becomes even more efficient. Gathered by popular demand in its own hall (Hall 2) for the first time, the product group School Articles, Stationery, Creative Design pulls together the entire stationery range, with its considerable potential above all in the back-to-school and creative fields. Moreover, the architecturally spectacular Hall 3C is deployed for the first time with an inviting atmosphere that provides the ideal framework for two growing segments, Baby & Infant Articles and Lifestyle Products. Direct access from here to Halls 1, 2, and 3 reinforces synergies with the neighbouring categories. In Hall 7, the Model Railways and Model Construction category moves closer to Technical Toys, Educational Toys, Action Toys, while Services for Trade and Industry covers the areas of marketing services, packaging, cash and commerce systems, and test institutes. This hall also remains home to the Sports, Leisure, Outdoor product group, which additionally expands into Hall 7A.

Dynamics and trends

One highlighted topic is a group of adults that has strong purchasing power – ‘Kidults’. According to Circana, the European toy market for adults and adolescents aged 12+ is worth €4.5 bn, which represents a share of 30% of the total market for toys across Europe. Toys for Kidults, with its fields of ‘Collectibles’, ‘Creative Fantasy’ and ‘Tabletop Games’, has a prominent position in the central entrance (Eingang Mitte) and offers a highly varied range of live activities with experienced games promoters. The ToyTrends, similarly, will be taking advantage of an attractive location in Eingang Mitte. Its trends were selected in collaboration with members of the TrendCommittee from eleven countries, and they identify two themes that will shape the forthcoming business year. While ‘Anime & Friends’ embodies products and licensing in the area of Anime and Manga, the focus in ‘Healthy Heroes’ is on movement, mindfulness and healthy eating.

Inspiring Specials

The Specials in Hall 3A promise further valuable inspiration for those selecting their product ranges. The New Product Gallery provides a compact overview of exhibitors’ new introductions. This hotspot for innovations emanating from the creative ideas of young talent is complemented by the neighbouring StartupArea. The Toys go Green Special is likewise positioned in a new environment: in Hall 3C, this area puts the spotlight on sustainable toys and shares relevant knowledge on the subject. Meanwhile, a new activity area makes its own contribution to the perfect visitor experience: in the Sports, Leisure, Outdoor Special (Hall 7A), a 500 m2 testing area encourages visitors to actively try products out. For ball sports and other leisure games, a playing area will be available. For ride-ons, roller skates and bikes, there will be a test track with obstacles and various different floor surfaces. The Chilli Pro Scooter Stunt Show, which takes place twice a day on the halfpipe, is quite spectacular.

Concentrated knowledge-sharing

As well as innovations and networking, another role for the Spielwarenmesse is in the acquisition of toy expertise. For 20 years now, the Toy Business Forum has acted as guarantor of this. The presentation area is celebrating this anniversary with a gleaming new stand design and an expanded programme, starting with the ToyPitch as part of PressDay on 28 January. Here, exhibitors will be giving media-friendly presentations of their product innovations in a series of short slots. In addition, there will be live podcasts with exciting guests. During every lunch break, a band and food stalls will provide opportunity for relaxed networking. In the afternoon, there will follow presentations on trends in toys and retail, artificial intelligence, digitalisation, sustainability and kidults. The LicenseLounge in the foyer of NCC West, meanwhile, serves for licensors, licensees and retailers as a destination for everything relating to the business of licensing. The potential is huge: according to the Global Licensing Industry Study 2023 from Licensing International, worldwide turnover in licensed goods and services amounts to US$357 bn. In collaboration with the global association, the LicenseLounge offers a networking area as well as the LicenseTalks.

Eventful networking events

The Spielwarenmesse provides many opportunities for face-to-face conversation. One highlight is the ToyAward presentation, which can be attended live by the trade audience on Wednesday 29 January. The winners of this important industry prize will receive their awards in six different product categories from 10.30 am in the Toy Business Forum. Model vehicle fans can enjoy a very special premiere on Thursday 30 January: at an induction ceremony into the Model Car Hall of Fame (MCHOF), the diecast community of hobbyDB – the world’s fastest-growing database for collectibles – will be honouring the pioneers of the model vehicle industry. From 6 pm, exhibitors invite Spielwarenmesse visitors to join them at their stands in various halls for a relaxed RedNight, where they can see out the third day of the fair with a delicious drink, some culinary highlights and good music while fostering their contacts. On Friday 31 January the Internationale Spieleerfindermesse – Game Inventors Convention is the exclusive meeting point for the global gaming community. At 150 tables on Level 1 in NCC Mitte, games authors from 19 countries present their prototypes to editors from the games publishers, and to the press and content creators. Following on, the GamingHour will provide opportunity for celebration, networking and more gameplaying. There is plenty available for media representatives right from day 1 of the fair: for PressDay, exhibitors are invited to shine a spotlight on their new introductions with attention-grabbing activities directly at their stands.

“With pioneering trends and fresh potential, the Spielwarenmesse provides an important stimulus for the coming year to all participants. The human aspect is further emphasised with the various different events, creating those unforgettable experiences that reinforce cohesion in the international toy community,” concludes Christian Ulrich.

Product groups at the Spielwarenmesse®                             

Hall

Dolls, Soft Toys                                                                                      

1

School Articles, Stationery, Creative design                    

2

Wooden Toys, Toys made from natural materials                          

3, 3A

Baby and Infant Articles                                                                      

3C

Lifestyle Products                                                                                

1, 3C

Technical Toys, Educational Toys, Action Toys                                

4, 4A, 5, 6

Electronic Toys                                                                                    

4A

Model Railways and Model Construction                                        

7

Services for Trade and Industry                                                        

7

Sports, Leisure, Outdoor                                                                    

7, 7A

Festive Articles, Carnival, Fireworks                                                

9

Games, Books, Learning and Experimenting                    

10.0, 10.1, Foyer 10

Multi-Product Group                                                                          

11.0, 11.1, 12.0, 12.2

 

Spielwarenmesse®

The world’s leading event for the sector – that’s the Spielwarenmesse®. At this B2B event, key players as well as startups present their innovations and trends to retailers from all over the globe, live in Nuremberg. Alongside the extensive range of products, participants also gain a wealth of inspiration for day-to-day business together with valuable knowledge and useful guidance on the market, at what is for them the most significant industry gathering. The event is complemented by year-round coverage of themes, analyses and insights from the multifunctional platform Spielwarenmesse® Digital and the e-journal ‘Spirit of Play’. Since 2013, the term Spielwarenmesse® has been a protected word mark in Germany.

Fair date: Spielwarenmesse®, Tuesday to Saturday, 28 Jan – 1 Feb 2025

Press Contact: Scarlett Wisotzki, Director Communications, Spielwarenmesse eG,
Phone: +49 911 99813-33, Mail: presse@spielwarenmesse.de