JPMorganChase Named First-Ever Global Banking Partner of the Olympic Games

International Olympic Committee and JPMorganChase Announce Landmark Global Olympic Partnership

NEW YORK, April 29 (Bernama-BUSINESS WIRE) -- The International Olympic Committee (IOC) and JPMorganChase today announced a landmark Worldwide Olympic Partnership, making JPMorganChase the first Global Banking Partner in Olympic history. The partnership includes the Los Angeles 2028 Olympic and Paralympic Games (LA28 Games) and the French Alps 2030 Olympic and Paralympic Winter Games. The firm has also reached an agreement with LA28 to become the Official Bank of Team USA and LA28, and a Founding Partner of the LA28 Games.

The partnership reflects a shared commitment to ambition and excellence, and places athletes and communities at its core.

Kirsty Coventry, President of the IOC, commented: “JPMorganChase is the first Global Partner from the banking sector in Olympic history, and we are proud to welcome them to the Worldwide Olympic Partner programme. This partnership reflects our shared values of ambition, excellence and will support the Olympic Movement and sport around the world. JPMorganChase’s global reach and expertise will deliver lasting support for athletes and help create a lasting impact in communities worldwide.”

Jamie Dimon, Chairman and CEO of JPMorganChase, added: “We are honored to be a Worldwide Partner of the Olympic and Paralympic Games, supporting athletes, fans, businesses and communities around the globe. Olympians and Paralympians are more than athletes—they are our customers, clients and employees, and their dreams extend beyond the Games. We bank the communities they call home, finance the facilities where they train, help them start businesses and plan for their futures. Their journeys reflect the aspirations of millions we serve every day, and we’re excited to support them.”

With operations in over 60 countries and clients in more than 100 markets, JPMorganChase brings unmatched expertise and resources to help create economic growth and opportunity for customers, employees and communities worldwide.

For over 135 years, JPMorganChase has helped create economic opportunity in Los Angeles—creating jobs, supporting businesses and helping families thrive. In LA, the firm serves 5 million consumer banking clients and 589,000 small business clients through more than 6,000 employees and more than 330 retail branches. In France, where the firm has operated since 1868, JPMorganChase has more than 1,000 employees, and since 2018, it has committed $100 million in new business and philanthropic investments to connect individuals and entrepreneurs to economic opportunities. Over the last five years, JPMorganChase has also provided over €147 billion in credit and capital to more than 670 investment clients across the country.

Through this partnership, JPMorganChase will strengthen the Olympic and Paralympic Movements’ long-term financial health and create new opportunities for athletes, businesses and communities to thrive. JPMorganChase and the IOC will holistically support athletes, including plans to host financial health workshops for them through the IOC’s Athlete365 platform. These initiatives and other local investments in host cities will help ensure the Olympic Movement leaves a lasting legacy beyond the Games.

JPMorganChase becomes the Worldwide Olympic Partner in the Asset and Wealth Management and Private Banking, Commercial and Investment Banking category. In the U.S., the firm will be a Founding Partner of the LA28 Games in the Retail Banking category. Consistent with the IOC’s approach, revenues generated through the partnership will be redistributed to support sports organisations globally—including National Olympic Committees and their athletes, as well as Organising Committees for the Olympic and Youth Olympic Games.

About JPMorganChase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About the International Olympic Committee
The International Olympic Committee is a not-for-profit, civil, non-governmental, international organization made up of volunteers, committed to building a better world through sport. It redistributes more than 90% of its income to the wider sporting movement, meaning that every day the equivalent of USD 4.7 million goes to help athletes and sports organizations at all levels around the world.

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Contact

Shelby Ashe
shelby.ashe@jpmchase.com

Source : JPMorgan Chase & Co.

Bitget Launches Blockchain4Youth Learning Hub to Strengthen the Future Web3 Workforce

VICTORIA, Seychelles, April 28 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has announced the launch of the Blockchain4Youth Learning Hub: Semester 1, a new education initiative designed to help young learners explore blockchain not only as a field of study, but as a viable career path in the digital economy.

As part of Bitget’s broader Blockchain4Youth initiative, the Learning Hub expands the program’s mission of making blockchain education more accessible and actionable for young people worldwide. Through recent initiatives such as the LALIGA Youth Tournament in Thailand, its partnership with Google Developer Group on Campus, and the Web3 Young Learners’ Encyclopedia, Blockchain4Youth has engaged more than 15,000 participants since launch, reflecting its ongoing commitment to youth development and the rising interest among students in finding clearer pathways into the Web3 industry.

The Blockchain4Youth Learning Hub combines structured learning with professional recognition and career-oriented support. Learners who complete the program and pass the assessments will receive a Certificate of Completion signed by Ignacio Aguirre Franco, Chief Marketing Officer of Bitget, giving them a credential they can present across their professional profiles.

The certificate is intended to serve as more than proof of participation. It offers verified recognition of Web3 competency and unlocks access to a broader network of opportunities. Certificate holders can benefit from priority review for opportunities at Bitget and gain entry to the Blockchain4Youth Talent Alliance, a core pillar of the program designed to connect certified learners with the wider Web3 industry. Through the alliance, participants can access priority opportunities, industry exposure, and networking channels, creating a clearer pathway between demonstrated knowledge and real-world professional roles.

As part of this effort, Bitget has confirmed a partnership with Bondex, the Web3 professional network behind web3.career, the largest job board in the industry. Through the partnership, Bitget and Bondex aim to make career entry points into Web3 more transparent and accessible for the next generation of builders and professionals

“Most young people trying to break into Web3 hit the same wall, they take a course, then have no network, no verified credentials, and no clear path to a job.” said Ignacio Palomera, Co-Founder of Bondex. “Blockchain4Youth and Bondex fix that. Finish the program, build a verified profile, be discovered in the Bondex trusted talent pool and apply directly to companies hiring on web3.career. It's the bridge the industry's been missing.

“A lot of young people are interested in Web3, but interest alone does not always show them where to begin,” said Ignacio Aguirre Franco, CMO of Bitget. “The Learning Hub is about making that first step feel more real by giving learners knowledge, recognition, and a better sense of where this path can lead. When young talent can see opportunity more clearly, they are more likely to believe they belong in the future of this industry.”

Ultimately, Blockchain4Youth Learning Hub reflects a broader commitment to building long-term infrastructure for Web3 education and talent development. More than a standalone campaign, the Learning Hub demonstrates how Blockchain4Youth is evolving into a sustained platform that supports learners as they move from discovery to skill-building, and from participation to contribution. Through this initiative, Bitget continues to position itself not only as a platform for digital assets, but also as an ecosystem builder helping shape the workforce that will define the next phase of Web3.

The B4Y Talent Alliance welcomes recruiting companies that want to connect with emerging talent, expand industry access, and create more pathways into Web3. Interested organizations can contact blockchain4youth@bitget.com.

About Bitget

Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord

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A photo accompanying this announcement is available at
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SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

VESON, VERACITY BY DNV PARTNER ON VERIFIED EMISSIONS DATA INTEGRATION

KUALA LUMPUR, April 28 (Bernama) -- Maritime data and freight management solutions provider, Veson Nautical (Veson) has formed a strategic partnership with Veracity by DNV to integrate verified emissions data into operational and commercial shipping workflows.

The integration connects Veson’s IMOS with the Veracity platform, allowing emissions figures verified by DNV to flow directly into voyage financials and profit-and-loss tracking within IMOS.

According to Veson in a statement, this first-of-its-kind integration is designed to help shipping operators incorporate compliance and automated data quality checks into voyage decisions, regulatory reporting and settlement processes, while reducing manual data handling and audit risk.

Veson President and Chief Operating Officer, Sean Riley said the partnership reflects growing industry demand for verified data to support both compliance and commercial performance.

Meanwhile, Veracity by DNV Executive Director, Mikkel Skou said the collaboration demonstrates how verified data can improve decision-making, operational efficiency and data-sharing across the maritime sector.

The partnership is expected to expand into an end-to-end emissions reporting and verification workflow, enabling operational vessel data from IMOS to be transferred to Veracity for quality assurance and verification through DNV’s Emissions Connect.

The system is intended to support compliance with evolving frameworks such as the European Union Emissions Trading System (EU ETS) and FuelEU Maritime, while also supporting broader commercial use cases.

The partnership builds on Veracity by DNV’s maritime data network, which connects to more than 65,000 vessels worldwide through automated access to verified data, and Veson’s expanding Platform Partner Network. Together, they aim to extend trusted emissions and operational data into core shipping systems, providing a more connected ecosystem for maritime commercial operations.

-- BERNAMA

AM BEST AFFIRMS EXCELLENT CREDIT RATINGS OF NEW ZEALAND'S TOWER

KUALA LUMPUR, April 27 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of New Zealand’s Tower Limited (Tower), with a stable outlook.

In a statement, AM Best said the credit ratings (ratings) reflect Tower’s balance sheet strength, which was assessed as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

Tower’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which was at the strongest level at fiscal year-end 2025 (Sept 30, 2025).

AM Best expects capitalisation to remain at least very strong over the medium term, supported by earnings retention, solid financial flexibility, a prudent reinsurance programme, and a conservative investment strategy.

The insurer’s operating performance is assessed as adequate, reflecting a history of earnings volatility linked to catastrophe events. In FY2025, Tower reported a return-on-equity ratio of 23.5 per cent and a net/net combined ratio of 81.4 per cent, driven by technical performance and investment income.

The credit rating agency expects continued positive operating results supported by disciplined underwriting, pricing adequacy, and investment returns.

Tower holds a solid position in its core New Zealand insurance segments, despite a modest overall non-life market share of around five per cent. Its product portfolio is concentrated in domestic property and motor insurance.

AM Best assesses Tower’s ERM as appropriate, noting an increased focus on regulatory compliance amid recent regulatory developments in New Zealand. Following a self-reported issue, the Financial Markets Authority conducted an investigation that identified historical misleading representations resulting in a penalty payment.

The company is undertaking customer remediation and strengthening internal controls as part of its ongoing governance improvements.

-- BERNAMA

AM BEST AFFIRMS TAIWAN’S SHINKONG INSURANCE RATINGS AT EXCELLENT

KUALA LUMPUR, April 24 (Bernama) -- AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and the long-term issuer credit rating (ICR) of “a+” (Excellent) of Taiwan’s Shinkong Insurance Company Limited (Shinkong Insurance), with a stable outlook.

The credit ratings (ratings) reflect Shinkong Insurance’s very strong balance sheet strength, strong operating performance, neutral business profile and appropriate enterprise risk management, according to AM Best in a statement.

AM Best expects the insurer’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, to remain at the strongest level in 2025 and prospectively, supported by strong earnings generation, consistent capital management, prudent reserving, and a conservative investment strategy.

The insurer’s operating performance remained robust, underpinned by a five-year weighted average return-on-equity of 14.8 per cent and a net combined ratio of 87.5 per cent from 2021 to 2025. In 2025, the company posted favourable results with its net combined ratio edging down to a record low of 82.2 per cent, driven by solid underwriting profitability.

The global credit rating agency said stable investment returns, strict underwriting discipline and effective expense management are expected to continue supporting Shinkong Insurance’s performance over the intermediate term.

Shinkong Insurance is Taiwan’s third-largest non-life insurer by gross premiums written, with a moderately diversified underwriting portfolio led by motor insurance, while its developed risk management framework and stable distribution mix were also viewed as supporting factors in the ratings assessment.

-- BERNAMA

ICEKREDIT CALLS FOR STRONGER ASEAN ALIGNMENT ON AI GOVERNANCE, ADOPTION

 

KUALA LUMPUR, April 24 (Bernama) -- IceKredit Chief Growth Officer Kong Chinang called for stronger regional alignment across policy, industry and education to support sustainable and responsible artificial intelligence (AI) adoption in Southeast Asia.

Speaking at the inaugural AI Forward: Southeast Asia Policy Summit, hosted recently by Grab and ASEAN BAC in Jakarta, Kong said ASEAN has strong potential to play a leading role in the global AI landscape but requires coordinated action across sectors as AI evolves rapidly.

“ASEAN stands at an exciting inflection point for AI. To fully realise its transformative potential, we need deeper regional engagement and alignment among the tripartite pillars of policy, industry, and education. 

“Equally critical is embedding sustainability and responsibility into every stage of AI adoption, ensuring technology benefits people, businesses, and economies inclusively,” he added in a statement.

During the panel session “Empowering the next phase of AI transformation in SEA”, Kong joined speakers including Timothy Yap of McKinsey, Dau Anh Tuan of the Vietnam Chamber of Industry and Trade, Gunish Chawla of Amazon, and Yann AitBachir of Google to discuss the current state and future trajectory of AI adoption in Southeast Asia.

The summit, held alongside Grab’s flagship GrabX product event at Shangri-La Jakarta, gathered senior policymakers, global technology leaders and industry experts to discuss the future of AI development and deployment across ASEAN.

The day-long event featured addresses from Grab Group Chief Executive Officer and Co-founder Anthony Tan, Indonesian government ministers and sector leaders, alongside demonstrations of Grab’s latest AI-powered innovations.

As AI moves from concept to large-scale implementation across Southeast Asia, cross-sector collaboration and responsible innovation have emerged as key priorities to unlock inclusive growth and strengthen the region’s global competitiveness.

-- BERNAMA

Meltwater Expands YouTube Integration to Improve Creator Decisions and Campaign Performance

 

New integration brings first-party, authenticated YouTube data across discovery, evaluation, and campaign measurement into Meltwater’s unified platform


SAN FRANCISCO, April 24 (Bernama-GLOBE NEWSWIRE) -- Meltwater, a global leader in media, social, and consumer intelligence, today announced an expanded partnership with YouTube, bringing verified YouTube data into the Meltwater platform, powered by YouTube’s Creator Partnerships API. This integration builds upon Meltwater’s existing capabilities to give customers access to new, verified YouTube insights, enabling confident creator decisions and clear performance measurement for more effective, data-driven creator campaigns on YouTube.

From Discovery to Activation, All in One Place

As brands increase investment in YouTube, managing creator campaigns across disconnected tools can be time-consuming and make it harder to execute efficiently and track results. Meltwater’s integration brings the entire workflow into one place, from creator discovery and evaluation to activation and measurement.

With access to verified YouTube performance and audience data through the Creator Partnerships API, teams can more easily identify the right creators and launch campaigns faster without switching between tools. This gives teams a clearer understanding of who they’re reaching and how content performs.

Bringing Clarity to Campaign Performance

Meltwater also helps brands better understand what’s driving results on YouTube. Teams can track performance across creators and content, understand what’s resonating with audiences, and make more informed decisions for future campaigns. With consistent, trusted data in one place, brands can clearly measure impact and continuously optimize their YouTube strategy.

Reinforcing Meltwater’s Commitment to Comprehensive Insights

“Creator marketing on YouTube is growing quickly, but many teams are still piecing together tools to make it work,” said Chris Hackney, Chief Product Officer at Meltwater. “We’re focused on simplifying that experience, so our customers can spend less time managing workflows and more time understanding what actually drives results.”

This partnership further strengthens Meltwater’s ability to deliver a unified view of brand and market intelligence across news, social, and other key channels, helping customers connect insights and make more informed, strategic decisions.

For more information, please contact:
Stacy Slayden
Communications Manager
pr@meltwater.com

About Meltwater
Meltwater empowers companies with a suite of solutions that spans media, social and consumer intelligence. By analyzing ~1 billion pieces of content each day and transforming them into vital insights, Meltwater unlocks the competitive edge needed to drive results. With 27,000 global customers, 50 offices across six continents, and 2,200 employees, Meltwater is the industry partner of choice for global brands making an impact. Learn more at meltwater.com. 

SOURCE: Meltwater

ACCERTIFY REPORT FINDS UNEVEN AIRLINE BOOKING FRAUD RISKS ACROSS REGIONS

KUALA LUMPUR, April 24 (Bernama) -- Accertify, in its Global Air Travel Fraud Report: Q1 2026 unveiled that airline booking fraud risks vary significantly by route origin, with higher concentrations of prevented fraud in parts of Latin America, Africa, the Middle East, and South and Southeast Asia.

The quarterly report, based on more than 180 million airline booking transactions processed between January and March 2026, analyses fraud rates by departure city as a proxy for route origin, offering airlines insight into where fraud prevention systems intervene most frequently at the booking stage.

“By looking at fraud rates by route origin, airlines can better see where controls are intervening most often and how fraud prevention maturity differs across markets,” said Accertify Director, Strategic Risk Services, Theodore Esser in a statement.

According to the report, routes originating in North America and Australia continued to show relatively low fraud rates, generally remaining below one per cent even among high-volume departure cities.

By contrast, several regions such as Latin America, parts of Africa, the Middle East, and South and Southeast Asia show materially higher concentrations of prevented fraud, with certain origin cities recording fraud rates multiple times higher.

The report said the figures represent prevented fraud, or transactions denied for fraud reasons before travel occurred, rather than realised fraud losses.

It also found fraud trends across Asia were mixed, with East Asia showing relatively low and improving fraud rates, while parts of South and Southeast Asia faced higher and more uneven fraud pressure.

Latin America and the Caribbean recorded some of the highest concentrations of prevented fraud, particularly across several Brazilian and Colombian origin cities.

The report said lower fraud rates tended to emerge in markets where airlines have invested in layered and consistently applied fraud controls over time.

-- BERNAMA

CellCarta Eliminates 9-Hours-Per-Week Regulatory Bottleneck with RegASK’s AI-Driven Intelligence Platform

Global contract research organization (CRO) transforms its regulatory affairs and unlocks efficiency gains and greater compliance confidence.


NEW YORK & SINGAPORE, April 22 (Bernama-BUSINESS WIRE) -- In a move to address the growing complexity of global regulations, CellCarta, a globally recognized provider of CRO laboratory services for pharmaceutical research and development, and RegASK, the Agentic AI platform redefining regulatory intelligence, today announced the results of a year-long collaboration to modernize CellCarta’s regulatory intelligence operations. By automating regulatory monitoring and intelligence generation, the partnership has reduced research cycles that previously took up to 9 hours per week to near real-time delivery.

Over the past year, CellCarta has worked closely with RegASK to accelerate the digital transformation of its regulatory affairs function. As regulatory complexity continues to increase, CellCarta, like many life science organizations, faced challenges with fragmented information sources, manual tracking of regulatory change, and limited capacity to scale monitoring across multiple geographies.

“Strengthening our regulatory intelligence capability has been a key priority for CellCarta,” said Todd Chermak, SVP and Global Business Head of Immunology and Proteomics at CellCarta. “With RegASK, we now have access to curated, AI-driven insights and automated workflows that have streamlined how we capture, interpret, act on, and share regulatory intelligence to keep teams aligned and respond to regulatory change.”

Today, CellCarta’s processes are anchored by a centralized regulatory intelligence hub, a single source of truth that consolidates regulatory signals across markets. The platform automatically captures and validates unstructured content from regulatory agencies, standards bodies, and legislative databases, transforming it into contextual updates and actionable follow-ups. Automated notifications provide immediate access to critical developments, while AI-driven summaries enable faster, better-informed decision-making across research, clinical development, and quality teams.

“Our collaboration with CellCarta shows what becomes possible when AI, automation and vertical expertise are applied to transform a regulatory affairs function over time,” said Caroline Shleifer, Founder & CEO at RegASK. “CellCarta’s teams now save time, gain clarity faster on relevant regulatory information, and act with greater coordination and confidence. In clinical research and precision medicine, this level of accuracy and responsiveness is critical because delays or gaps in regulatory intelligence directly impact drug development and market access.”

Looking ahead, CellCarta plans to deepen its use of AI across the regulatory lifecycle. The next phase involves deploying agentic AI, enabling multiple specialized AI agents to work in parallel on day-to-day regulatory tasks such as content curation and triage, impact assessment, translation, and stakeholder collaboration. As global regulations continue to expand in volume and complexity, organizations that successfully deploy AI to automate routine tasks and surface critical insights will define the next generation of regulatory excellence. They will be best positioned to remain agile, compliant and competitive in every market they serve.

About CellCarta

CellCarta is a leading global CRO laboratory to the biopharmaceutical industry. With CAP accreditations and CLIA certifications for specific testing methods and facilities in Canada, USA, Belgium, Australia, and China, CellCarta provides a wide range of biomarker testing services and customized solutions to world-renowned pharmaceutical companies. By integrating analytical platforms in immunology, histopathology, proteomics, and genomics, along with sample management and logistics services, CellCarta supports the entire drug development cycle from discovery to late-stage clinical trials. Visit cellcarta.com and connect with us on LinkedIn and X.

About RegASK

RegASK is the AI-driven regulatory operating system for global life sciences and consumer products companies. Powered by agentic AI and a global community of more than 1,800 subject matter experts across 160+ territories, the platform detects regulatory change, assesses portfolio impact, and orchestrates compliance workflows - enabling organizations to move from passive monitoring to proactive, autonomous regulatory operations. RegASK is the first company in its category to achieve ISO/IEC 42001 certification for AI Management Systems and holds six independent certifications. To learn more about RegASK visit regask.com.

View source version on businesswire.com: 
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Contact

Media Contact
Stéphanie Bussières-Marmen, PhD
Director, Global Marketing
media@cellcarta.com

Reuben Chen
Head of Marketing
reuben.chen@regask.com

Source : RegASK

Ryobi Systems Sets Up Investment Unit In Singapore

KUALA LUMPUR, April 21 (Bernama) -- Ryobi Systems Co Ltd has established an investment management subsidiary in Singapore, Ryobi International Investment Pte Ltd, in December 2025, with operations commencing in March 2026.

In a statement, the company said the new unit aimed to accelerate business growth through investment activities in Southeast Asia and reinforce the Ryobi Group’s global foundation.

Singapore will serve as a strategic hub for the subsidiary, leveraging its position as a regional centre for talent and information to identify new business opportunities and support the group’s expansion.

The subsidiary will focus on gathering market insights, promoting collaboration, and investing in information technology-focused enterprises across Southeast Asia, with the aim of enhancing the group’s business development.

Additionally, it will localise services to meet local needs and pursue broader regional expansion from Singapore as a central base, strengthening synergies across the group.

-- BERNAMA

KIOXIA UNVEILS AFFORDABLE CLIENT SSD LINEUP FOR PC APPLICATIONS

KUALA LUMPUR, April 21 (Bernama) -- Kioxia Corporation, a leader in memory solutions, has unveiled KIOXIA EG7 Series solid state drives (SSDs), its first client solution to adopt BiCS FLASH generation 8 4-bit-per-cell, quadruple-level cell (QLC) technology.

The QLC-based drives deliver performance comparable to triple-level cell (TLC) solutions while offering improved total cost of ownership for value-orientated slim laptops, as well as commercial and consumer notebooks and desktops.

According to Kioxia in a statement, the drives bring the performance and power efficiency advantages of its generation 8 QLC 3D flash memory to mainstream computing workloads for personal computer original equipment manufacturers (OEMs).

The new drives deliver random read and write performance of up to 1,000 KIOPS, sequential read speed of up to 7,000 megabytes per second (MB/s), and sequential write speed of up to 6,200 MB/s.

The drives incorporate NVMe 2.0d support, giving PC OEMs greater flexibility in system design and device management, and are available in M.2 Type 2230, 2242 and 2280 form factors, allowing flexibility across different system configurations and space constraints.

Positioned within Kioxia’s value-orientated client SSD portfolio, the DRAM-less KIOXIA EG7 Series leverages mature Host Memory Buffer technology, utilising a portion of system memory to help improve total cost of ownership and power consumption.

Additional features include PCIe 4.0 compliance, self-encrypting drive support based on TCG Opal 2.02, and capacities of 512 gigabytes (GB), 1,024 GB, and 2,048 GB.

The KIOXIA EG7 Series is currently sampling to select PC OEM customers, with PC shipments equipped with the SSD expected to begin from the second quarter of 2026.

-- BERNAMA

WOLTERS KLUWER: APAC CFOS ACCELERATE AI ADOPTION IN FINANCE

KUALA LUMPUR, April 21 (Bernama) -- Chief Financial Officers (CFOs) in Asia‑Pacific (APAC) are accelerating their adoption of artificial intelligence (AI), recognising its growing influence on the finance function while pursuing implementation in a deliberate, value-driven manner, according to the 2026 Future Ready CFO Survey – APAC Regional Insights by Wolters Kluwer.

The survey found that 83 per cent of APAC CFOs view AI adoption and implementation as a key force reshaping finance, closely aligned with the global average of 85 per cent.

This near parity highlights the rising importance of AI across regions, while APAC finance leaders continue to prioritise disciplined execution shaped by governance requirements and return-on-investment considerations, according to a statement.

The report, which surveyed 1,672 respondents across more than 20 markets, also found that 72 per cent of APAC finance leaders expect AI to have a significant impact on finance operations within the next three years, reflecting strong confidence in its potential to enhance insight, agility and decision-making.

Rather than viewing AI solely as an automation tool, CFOs in the region are focusing on use cases that strengthen control and strategic foresight. Key areas expected to be most impacted include financial planning and analysis, forecasting and scenario modelling, as well as risk management and compliance monitoring.

Despite strong adoption momentum, APAC finance leaders cited several barriers to AI investment, including cost relative to expected returns (58 per cent), concerns over loss of human judgement and oversight (55 per cent), and data quality and governance challenges (53 per cent).

These factors underscore a measured approach to AI adoption in the region, with an emphasis on governance, transparency and regulatory alignment.

The survey also noted that APAC CFOs are expected to take on an expanded role at the intersection of technology, and enterprise risk, particularly in areas such as digital strategy, enterprise risk management and strategic decision support.

Wolters Kluwer said this evolution positions CFOs as key stewards of both innovation and resilience, as organisations balance AI-driven transformation with governance and control.

It suggested that APAC CFOs may gain a long‑term advantage by aligning AI investment with strong controls, talent readiness, and regulatory confidence, as those who are able to balance innovation with governance are best fit to navigate the next stage of finance transformation.

-- BERNAMA

ARLA FOODS INGREDIENTS TO SHOWCASE NUTRITION SOLUTIONS AT VITAFOODS EUROPE 2026

KUALA LUMPUR, April 15 (Bernama) -- Arla Foods Ingredients has announced it will showcase high-protein, nutrient-dense application concepts for users of GLP-1 anti-obesity medications at Vitafoods Europe, taking place in Barcelona from May 5 to 7.

Originally developed to treat diabetes, GLP-1 receptor agonists have reshaped the weight management market, the company said in a statement.

In 2025, 11 per cent of consumers globally and 18 per cent in the United States (US) who were actively trying to lose weight reported using them, with uptake expected to rise as availability expands, tablet formats emerge and prices fall.

However, GLP-1 use is associated with side effects. Lean muscle loss may account for up to 40 per cent of total weight lost, compared with around 25 per cent for traditional interventions, while up to 76 per cent of users report gastric discomfort and reduced appetite.

To help address these challenges, Arla Foods Ingredients has developed high-protein concepts using Nutrilac and Lacprodan BLG-100, delivering essential amino acids for muscle health in nutrient-dense formats, alongside probiotics and cultures from Novonesis to support digestive well-being.

Arla Foods Ingredients Chief Commercial Officer, Anne Widart said nutrition for GLP-1 users is a growing category, creating opportunities for dairy manufacturers.

“There is increasing demand for nutrient-dense, high-protein products in formats suited to smaller appetites. Our concepts are designed to help manufacturers respond to these evolving needs,” she added.

The company said the range includes formats tailored for reduced appetites, such as a fermented high-protein shot offering 10 grammes (g) of protein per 70 millilitres (ml) serving, which is low fat, lactose-reduced and contains no added sugar.

Other concepts include a fermented high-protein drinking yoghurt providing 20g of protein per 200ml serving, and a high-protein water-based shot for ambient storage delivering 21g of protein per 100ml serving.

Arla Foods Ingredients will also showcase two additional concepts at Vitafoods Europe, namely an aerated protein bar solution and ready-to-stir medical nutrition powder solutions.

-- BERNAMA

XCF Global, Southern Energy Renewables and DevvStream Sign Definitive Business Combination Agreement with Respect to Previously Announced Proposed Three-Party Merger to Create Next-Generation Energy Platform

 

 

• Creation of a next‑generation energy transition platform: The proposed transaction brings together SAF, green methanol, renewable products, environmental attribute monetization, and advanced energy infrastructure into a single, globally scalable platform.
• Integrated fuels, infrastructure, and environmental markets: The combined company is expected to link low‑carbon fuel production with carbon credits and related instruments, long‑term offtake commercialization, and infrastructure development.
• Supports customer decarbonization strategies: By combining scalable low‑carbon fuels with environmental attribute monetization, the platform helps airlines and corporate customers address regulatory and sustainability requirements with greater flexibility.

HOUSTON & CALGARY, Alberta, April 15 (Bernama-BUSINESS WIRE) -- XCF Global, Inc. (Nasdaq: SAFX) (“XCF”), a key player in decarbonizing the aviation industry through sustainable aviation fuel (“SAF”), and DevvStream Corp. (NASDAQ: DEVS) (“DevvStream”), a leading carbon management and environmental-asset monetization firm, today announced the execution of a definitive Business Combination Agreement with Southern Energy Renewables Inc. (“Southern”), an important next milestone in the three parties’ previously announced initiative to establish a combined energy transition platform designed to develop and scale sustainable aviation fuel (“SAF”), green methanol, renewable products, and next-generation low-carbon energy infrastructure, while embedding environmental attribute monetization across the value chain. This platform will be able to compete with China and the world on providing fuels and other products without subsidies. The transaction remains subject to customary closing conditions as well as the other terms, closing conditions and termination events (including failure to timely receive the applicable fairness opinions) set forth in the Business Combination Agreement.

The combined company is being formed with the objective of building a multi-asset, globally scalable alternative energy platform. The platform is expected to integrate low-carbon fuels, including SAF, methanol, renewable products, and methanol-to-jet fuel pathways; environmental attribute monetization, including carbon credits and related instruments; advanced energy systems, including small modular nuclear reactors (“SMRs”) to power fuel production and AI data centers; and infrastructure development together with long-term offtake commercialization.

The parties believe the platform has the potential to achieve substantial scale and has significant long-term growth potential across fuel production, infrastructure and environmental markets.

Transaction Structure

The transaction will be executed through a series of mergers and restructuring steps. DevvStream will domesticate from Alberta to Delaware prior to closing. XCF will acquire 100% of DevvStream and Southern through merger subsidiaries, and DevvStream and Southern will each survive as wholly owned subsidiaries of XCF. Existing shareholders of DevvStream and Southern will receive shares of XCF common stock.

Following closing, ownership of the combined company is expected to be approximately 66.7% for existing XCF shareholders, 23.3% for Southern shareholders, and 10.0% for DevvStream shareholders.

Capital Formation and Infrastructure Investment

As part of the transaction, XCF has been investing ~$10 million into the buildout and conversion of its New Rise Reno facility to support SAF production and blending capacity. The platform is designed to support large-scale fuel production and commercialization, including long-term offtake agreements. Southern is also expected to pursue up to $400 million in bond financing to support infrastructure expansion.

The combined company is also targeting (and the transaction is conditioned upon the achievement of) key operational milestones, including annualized fuel-related revenues exceeding $1 billion, minimum annualized EBITDA of $100 million.

Strategic Rationale

The combination brings together complementary capabilities across the energy and sustainability value chain. DevvStream contributes environmental asset development, carbon credit generation and monetization capabilities. Southern contributes product diversification, technology development, and clean end products that compete with traditional end products. XCF contributes platform-level capital markets access and an alternative energy investment strategy. For customers, this integrated platform is designed to expand access to lower-carbon, non-fossil-based fuel solutions while providing greater flexibility in how emissions reductions are achieved and verified, helping airlines and corporate customers meet regulatory, compliance, and decarbonization objectives across diverse markets and feedstock pathways.

Together, the parties believe the combined company will be positioned to accelerate deployment of renewable and distributed energy infrastructure, scale the generation and monetization of environmental assets, and deliver integrated, financeable sustainability solutions to global markets.

Leadership Commentary

Chris Cooper, Chief Executive Officer of XCF Global, added, “Our goal is to build one of the most comprehensive alternative energy platforms in the market, combining production, power, and monetization. This transaction accelerates that vision. For airlines and corporate customers, this means greater access to scalable SAF solutions, paired with high-integrity environmental attributes that support compliance, reporting, and long-term decarbonization goals across diverse markets.”

Sunny Trinh, Chief Executive Officer of DevvStream, commented, “This transaction establishes a platform with the scale, integration, and ambition to compete globally in the energy transition. We are aligning infrastructure, fuels, and environmental markets into a single, scalable business model.”

Jay Patel, Chief Executive Officer of Southern Energy Renewables, commented, “Southern’s ability to bring the next generation of technology and projects to help provide clean products without the need of government subsidies is a true gamer changer. Together we plan to bring energy independence and support the domestic supply chain with a diversified product portfolio. The great thing about this platform is that we will be able to compete with China and the rest of the world; too long has China been able to set the benchmark products used worldwide.”

Approvals and Closing Conditions

The transaction is subject to shareholder approvals, SEC registration statement effectiveness on Form S-4, stock exchange approvals including Nasdaq listing, completion of financing, plant conversion and commercial milestones and fairness opinions.

About XCF Global, Inc.

XCF Global, Inc. (“XCF”) (Nasdaq: SAFX) is an emerging sustainable aviation fuel company dedicated to accelerating the aviation industry’s transition to net-zero emissions. Our flagship facility, New Rise Reno, has a permitted nameplate production capacity of 38 million gallons per year, positioning XCF as an early mover among large-scale SAF producers in North America. XCF is working to advance a pipeline of potential expansion opportunities in Nevada, North Carolina, and Florida, and to build partnerships across the energy and transportation sectors to scale SAF globally. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX.

To learn more go to XCF.Global

About DevvStream

DevvStream (Nasdaq: DEVS) is a carbon management company focused on the development, investment, and sale of environmental assets worldwide, including carbon credits and renewable energy certificates.

About Southern Energy Renewables

Southern Energy Renewables Inc. is a U.S.-based clean fuels, chemicals and products developer focused on advancing large-scale biomass-to-fuels projects. These projects are designed to produce carbon-negative SAF and green methanol, supported by integrated carbon capture and sequestration.

Additional Information and Where to Find It

In connection with the proposed business combination transaction among XCF, DevvStream and Southern, XCF will prepare and file relevant materials with the Securities and Exchange Commission (the “SEC”), including a registration statement on Form S-4 that will contain preliminary proxy statements of DevvStream and XCF that also constitutes a prospectus of XCF (the “Proxy Statements/Prospectus”). A definitive proxy statement is expected to be mailed to stockholders of DevvStream and XCF as of a record date to be established for voting on the proposed business combination transaction and other matters as described in the Proxy Statements/Prospectus. DevvStream, XCF and Southern may also file other documents with the SEC and Canadian securities regulatory authorities regarding the proposed transaction. This communication is not a substitute for any proxy statement, registration statement or prospectus, or any other document that DevvStream and Southern (as applicable) may file with the SEC or Canadian securities regulatory authorities in connection with the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF DEVVSTREAM ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENTS/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED BY DEVVSTREAM OR SOUTHERN WITH THE SEC OR CANADIAN SECURITIES REGULATORY AUTHORITIES, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION, WHEN THEY BECOME AVAILABLE BECAUSE THESE DOCUMENTS CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. DevvStream’s investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus (when they become available), as well as other filings containing important information about DevvStream, Southern, and other parties to the proposed transaction, without charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by (i) XCF will be available free of charge under the tab “Financials” on the “Investors” page of the XCF’s website at https://xcf.global/investor-relations/financials/sec-filings/ or by contacting the XCF’s Investor Relations Department at safx@xcf.global and (ii) DevvStream will be available free of charge under the tab “Financials” on the “Investor Relations” page of DevvStream’s website at www.devvstream.com/investors/ or by contacting DevvStream’s Investor Relations Department at ir@devvstream.com.

Participants in the Solicitation

DevvStream, Southern, XCF, EEME and their respective directors and certain of their respective executive officers and employees may be deemed to be participants in the solicitation of proxies from DevvStream’s and XCF’s stockholders in connection with the proposed transaction. Information regarding directors and executive officers of (i) XCF is contained in a Current Report on Form 8-K/A, filed with the SEC on October 31, 2025, its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 31, 2026, and in other documents subsequently filed with the SEC and (ii) DevvStream is contained in DevvStream’s proxy statement for its 2025 annual meeting of stockholders, filed with the SEC on November 18, 2025 and in other documents subsequently filed with the SEC. Additional information regarding the participants in the proxy solicitations and a description of their direct or indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement/Prospectus and other relevant materials filed with the SEC (when they become available). These documents can be obtained free of charge from the sources indicated above.

No Offer or Solicitation

This press release is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties, including statements regarding the proposed transactions contemplated by the business combination agreement, the anticipated structure, timing and conditions of the proposed transaction, the anticipated completion of the plant conversion, the achievement of specified financial and operational milestones (including annualized blended fuel product revenues in excess of $1.0 billion and minimum annualized EBITDA of $100 million), the anticipated issuance of state-supported bonds by Southern, the valuation the parties are aiming to achieve. All statements, other than statements of historical facts, are forward-looking statements, including: statements regarding the expected timing, structure and terms of the proposed transaction; the ability of the parties to complete the proposed transaction considering the various closing conditions; the expected benefits of the proposed transaction; legal, economic, and regulatory conditions; and any assumptions underlying any of the foregoing. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “aim,” “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “plan,” “could,” “would,” “project,” “predict,” “continue,” “target,” “objective,” “goal,” “designed,” or the negatives of these words or other similar terms or expressions that concern XCF’s, DevvStream’s, or Southern’s expectations, strategy, priorities, plans, or intentions. Forward-looking statements are based upon current plans, estimates, expectations, and assumptions that are subject to risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by such forward-looking statements.

We can give no assurance that such plans, estimates, or expectations will be achieved, and therefore, actual results may differ materially from any plans, estimates, or expectations in such forward-looking statements.

Forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that may cause actual results, developments or outcomes to differ materially from those expressed or implied by such statements. Important factors that could cause actual results, developments or outcomes to differ materially include, among others: (1) changes in domestic and foreign business, market, financial, political, regulatory and legal conditions; (2) the risk that the plant conversion is delayed, not completed on the anticipated timeline, or requires additional capital beyond current expectations; (3) the risk that XCF is unable to achieve the specified annualized revenue and EBITDA thresholds, which depend in significant part on XCF’s business performance, operating results, market demand, execution capabilities, and other factors; (4) the risk that Southern does not receive authorization to issue up to $400 million of bonds, that such bonds are delayed, issued on less favorable terms, or not issued at all; (5) the risk that XCF is unable to obtain or maintain compliance with applicable Nasdaq continued listing standards, including regaining compliance with $1.00 minimum bid price requirement, which could result in delisting if compliance is not regained within applicable cure periods; (6) the inability to satisfy or waive the closing conditions contemplated by the business combination agreement; (7) the occurrence of events, changes or other circumstances that could give rise to the termination of the business combination agreement, or that could result in disputes or litigation relating to the interpretation, enforceability or performance of the business combination agreement; (8) the outcome of any legal proceedings that may be instituted against XCF, DEVS, Southern, EEME or their respective affiliates, which could be costly, time-consuming, divert management attention and adversely affect liquidity or financial condition; (9) uncertainty with respect to the scope, timing or completion of due diligence by any party and each party’s satisfaction therewith; (10) uncertainty regarding valuations, capital structure, financing arrangements, equity ownership, or the allocation of economic interests contemplated by the business combination agreement, including the risk that, in the event the proposed transaction closes, the parties may never achieve their aim of creating a $3.0 billion combined enterprise (as of the date hereof this statement only represents an objective that the parties intend to achieve on a future date and such objective has not in the past and may never in the future be achieved); (11) changes to the structure, timing or terms of any proposed transaction that may be required or deemed appropriate as a result of applicable laws, regulations, accounting considerations, stock exchange requirements or regulatory guidance; (12) the risk that required regulatory, governmental, stock exchange or shareholder approvals are not obtained, are delayed or are subject to conditions that could adversely affect the parties or the expected benefits of any contemplated transaction; (13) the risk that the announcement of the business combination agreement or the pursuit of the contemplated transactions disrupts current plans, operations or relationships of XCF, DEVS or Southern; (14) the risk that anticipated benefits of any contemplated transaction are not realized due to competition, execution challenges, market conditions, or the inability to grow and manage operations profitably; (15) costs, expenses and management distraction associated with the potential litigation and any contemplated transactions; (16) changes in applicable laws, regulations or enforcement priorities, including extensive regulation and compliance obligations applicable to the parties’ businesses; and (17) other economic, business, competitive, operational or financial factors beyond management’s control, including those set forth in (i) XCF's filings with the SEC, including the final proxy statement/prospectus relating to the Business Combination filed with the SEC on February 6, 2025, this Press Release and other filings XCF made or will make with the SEC in the future and (ii) DevvStream’s Form 10-K for the fiscal year ended July 31, 2025, filed with the SEC on November 6, 2025, and subsequent reports filed with SEC and Canadian securities regulatory authorities available on DevvStream’s profile at www.sedarplus.ca.

Although the business combination agreement is binding on the parties, it does not obligate the parties to consummate the proposed transaction. The consummation of the proposed transaction remains subject to the satisfaction or waiver of applicable closing conditions, and the business combination agreement may be terminated in accordance with its terms. There can be no assurance that the proposed transaction will be consummated on the terms described herein or at all. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not guarantees of future performance or outcomes.

Any forward-looking statements speak only as of the date of this press release. Neither DevvStream, XCF, Southern or EEME undertakes any obligation to update any forward-looking statements, whether as a result of new information or developments, future events, or otherwise, except as required by law. Neither future distribution of this press release nor the continued availability of this press release in archive form on DevvStream’s website at www.devvstream.com/investors/ or XCF’s website at www.xcf.global/investor-relations should be deemed to constitute an update or re-affirmation of these statements as of any future date.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260414958840/en/ 

Contact

Investor Relations Contact
DevvStream: ir@devvstream.com
XCF: media@xcf.global
Southern: info@southernenergyrenew.com 

Source : DevvStream Corp.

Abaxx Exchange Recognized as Organised Market Place by ACER

 

TORONTO, April 14 (Bernama-GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced that Abaxx Exchange has registered as an Organised Market Place (“OMP”) with the European Union Agency for the Cooperation of Energy Regulators (“ACER”) as of April 8, 2026.

This registration enables Abaxx Exchange to meet reporting obligations under the European Union’s Regulation on Wholesale Energy Market Integrity and Transparency (“EU REMIT”).

The EU REMIT framework (Regulation (EU) No. 1227/2011) establishes requirements for transparency and integrity in wholesale energy markets. As amended by EU REMIT II (Regulation (EU) No. 1106/2024), the framework introduces a mandatory registration requirement for Organised Market Places and standardized reporting requirements for trading activity on such venues.

Abaxx’s OMP registration will provide European market participants access to the only physically deliverable liquefied natural gas (LNG) futures contract linked to regional import flows, in compliance with EU REMIT, ahead of updated reporting requirements in 2026. This compliance framework extends to any future products introduced by Abaxx Exchange which may fall within the scope of EU REMIT, including derivatives related to electricity, hydrogen, and natural gas, as well as their transportation and storage within the European Union, if and when such products are listed.

Abaxx Exchange has engaged Equias B.V., the largest Registered Reporting Mechanism for REMIT compliance, to provide reporting services to its market participants.

To view a list of registered Organised Market Places, please visit acer-remit.eu/portal/organised-marketplaces.

About Abaxx Technologies
Abaxx Technologies is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition.

In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiaries Abaxx Spot Pte. Ltd. and Adaptive Infrastructure Inc.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals, meeting the commercial needs of today’s commodity markets and establishing the next generation of global benchmarks.

Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers, and is designed to support physical delivery for Abaxx Exchange’s physically-deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

Adaptive Infrastructure closes critical gaps in post-trade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement, and transfer agency services designed to reduce risk and improve reliability across asset classes.

For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media

For more information about this press release, please contact:

Steve Fray, CFO
Tel: +1 647-490-1590

Media and investor inquiries:

Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech

Cautionary Statement Regarding Forward-Looking Information

This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “purpose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.

In particular, this press release contains forward-looking statements including, without limitation, Abaxx’s objectives and future plans, anticipated reporting obligations under the EU Remit, development and expansion of Abaxx’s market infrastructure and Abaxx’s role in the development of commodities and energy markets. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: the failure of energy markets and collateral use cases to develop according to the expectations of Abaxx; operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; changes in global weather patterns; changes in the price of commodities, capital market conditions, restrictions on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release. 

SOURCE: Abaxx Technologies Inc.