Nambawan Super Goes Live With SmartStream’s AI-driven Air Solution

KUALA LUMPUR, Feb 27 (Bernama) -- SmartStream Technologies, the financial transaction lifecycle management (TLM) and solutions provider, announced that Nambawan Super Limited (NSL), Papua New Guinea's largest superannuation company, has successfully implemented SmartStream’s Air application for artificial intelligence (AI) data processing, enhancing data accuracy and operational efficiency.

As part of its Nambawan Employer Pay (NEP) programme, the fund has strategically invested in multiple solutions to enhance its finance, fund administration, customer experience, and reconciliation processes.

The implementation of SmartStream’s Air solution replaces its legacy systems, providing an advanced, automated framework that ensures timely payroll processing and superannuation contributions.

"We are delighted to support Nambawan Super in their transformation journey. Air is an entirely unique innovation and represents the very latest AI and machine learning technologies to compare and validate data.

“Our solution will bring a powerful combination of AI-driven data validation and SaaS scalability for Nambawan Super – who can now operate with greater efficiency and control. We look forward to continuing our partnership and to further drive innovation in the superannuation industry,” said SmartStream Regional Director APAC, Radha Pillay in a statement.

Meanwhile, NSL Chief Executive Officer, Paul Sayer said: "The implementation of Air in our NEP portal is a game changer for our operations. This automated solution addresses member contributions and reconciliations, enabling us to ensure timely and accurate payroll contributions for our members whilst enhancing overall efficiency.

“By utilising the NEP solution, the fund and employers can improve the quality of member data received from employers and ensure the timely allocation of members’ funds.”

Prior to adopting SmartStream's Air, NSL handled reconciliations manually. The shift to an AI-driven solution has significantly improved efficiency, payment accuracy, and streamlined member experiences.

SmartStream's Air, the AI-driven software as a service (SaaS) data validation solution, will eliminate the burden of information technology maintenance while enhancing fraud prevention and mitigating payment risks. By enabling real-time data validation and matching, the solution will future-proof Nambawan Super’s operations.

-- BERNAMA

PACIFIC PRIME CXA WINS TOP IDP BROKING FIRM 2024 AWARD

(Photo: Business Wire)

KUALA LUMPUR, Feb 27 (Bernama) -- Pacific Prime CXA has been honoured with the prestigious Top IDP Broking Firm 2024 award at the Chubb Lunar New Year 2025 celebration held recently at the Orchard Hotel, Singapore.

Pacific Prime Head (Property, Casualty & Financial Lines), Gautam Mahey thanked their partners and clients for their continued support, particularly acknowledging Chubb for their strong partnership.

“This award is a testament to the hard work that has gone into building our commercial lines department,” he said in a statement.

This recognition underscores Pacific Prime's unwavering commitment to excellence within the independent distribution partner segment and affirms its position as a leading provider of comprehensive insurance solutions across a wide array of sectors, including Property, Casualty, and Financial Lines.

The award was presented by Chubb Division Head of Property & Casualty and Head of Independent Distribution Partners, Eric Kwan.

The event brought together industry leaders to celebrate achievements and foster connections within the insurance community.

Established in 2000, Pacific Prime is an award-winning international insurance brokerage that offers individual and corporate insurance solutions

-- BERNAMA

AUTEL ENERGY UNVEILS HIGH-SPEED MAXICHARGER DH480 AT EVCHARGE LIVE THAILAND 2025

Autel Energy at Booth F10, EVCharge Live Thailand 2025 held at BITEC (Photo: Business Wire)

 KUALA LUMPUR, Feb 27 (Bernama) -- Autel Energy, an electric vehicle (EV) charging solutions provider, is making waves at EVCharge Live Thailand 2025, held on Feb 26 to 27, with the debut of its innovative MaxiCharger DC series.

According to a statement, this new lineup includes the state-of-the-art MaxiCharger DH480 All-in-One Charger, along with a full range of AC and DC charging products designed to meet diverse EV charging needs.

The DH480 sets a new standard for fast, efficient, and reliable EV charging, delivering up to 480 kilowatts (kW) of power and supporting simultaneous charging for up to four vehicles, ideal for high-demand locations.

It offers the industry’s highest charging speed, adding up to one kilometre (km) of range per second, with a success rate exceeding 99 per cent. Its versatility extends to payment options, with support for credit cards, RFID, QR codes, and Plug & Charge technology, ensuring a seamless experience for drivers.

Additionally, the MaxiCharger DC series integrates with renewable energy systems such as photovoltaic (PV) and battery energy storage (BESS), making it a future-proof solution for sustainable EV charging. With AI-driven monitoring and predictive maintenance ensuring over 98 per cent uptime, DH480 optimises operational performance.

Thailand's rapidly growing EV market positions it as a key player in Southeast Asia's green transportation ecosystem. Recognising this opportunity, Autel Energy has made Thailand a focus of its expansion strategy, rolling out a variety of charging solutions nationwide to serve various charging needs, from on-the-go charging stations to fleet and residential solutions.

Since 2022, the company has partnered with RÊVERSHARGER to deploy 120 kW and 360 kW fast-charging stations at Bangchak petrol stations and BYD showrooms in Thailand. Its widely popular AC Wallbox 7.4 kW is also gaining traction among Thai households, appreciated for its reliability, efficiency, and ease of use.

Autel Energy continues to prioritise AI in its solutions, preparing for the evolving AI-driven EV charging landscape. By incorporating proprietary technology, it is leveraging AI for dynamic load management, predictive maintenance, and seamless driver experiences.

This strategy ensures that Autel Energy remains at the forefront of innovation, providing scalable, efficient, and future-ready EV charging solutions.

-- BERNAMA

MALTA TOPS GLOBAL CITIZENSHIP INDEX, GREECE LEADS RESIDENCE RANKINGS IN 2025

KUALA LUMPUR, Feb 26 (Bernama) -- Malta has maintained its position at the top of the 2025 Global Citizenship Program Index for the 10th consecutive year, while Greece climbed to the top of the 2025 Global Residence Program Index for the first time, underscoring the dominance of European investment migration programmes.

Henley & Partners, which tracks these trends, onboarded clients from 94 nationalities in 2024, with the United States contributing 23 per cent of all applications, marking a 1,000 per cent increase compared to five years ago. The United Kingdom (UK) also saw a significant 57 per cent rise in applications from British citizens last year.

Henley & Partners Chairman, Dr Christian H. Kaelin, emphasised the importance of these programmes for governments seeking to attract wealth and fund developmental initiatives, particularly those addressing sustainability and climate risks.

“For investors, alternative residence and citizenship is a unique investment that enables them to be as globally diversified as their wealth portfolios,” he said in a statement.

In the citizenship rankings, Malta retained the top spot with a score of 76 out of 100, followed by Austria in second place with a score of 75. Caribbean nations Grenada and Antigua and Barbuda secured the third and fourth positions, respectively.

A newcomer to the index, Nauru, shared the fifth spot with St Kitts and Nevis and St Lucia, offering global mobility and contributing to climate resilience projects.

In the residence rankings, Greece’s golden visa programme claimed the top position with a score of 73, surpassing Portugal, which had held the top spot for nine years. Portugal, along with Italy and the UK, now shares third place with a score of 70.

Meanwhile, Switzerland, with a programme combining private residence and forfait tax options, ranked second with a score of 72. Other countries in the top five include Australia, Canada, Spain, and the United Arab Emirates, which expanded its golden visa programme in 2024 to attract talent and innovation.

Hungary, Luxembourg, Singapore, Jersey, Panama, and Costa Rica were among the new entrants to the index, reflecting the growing appeal of global residence and citizenship options for investors seeking to diversify and grow their wealth.

Henley & Partners’ annual report provides detailed rankings and analysis of the most attractive residence and citizenship by investment programmes, helping global investors choose the best options based on their needs. The indexes also feature interactive tools for a personalised comparison of various programmes.

-- BERNAMA

AM Best Affirms Himalayan Reinsurance Credit Ratings With Stable Outlook

KUALA LUMPUR, Feb 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Nepal’s Himalayan Reinsurance Limited (Himalayan Re), maintaining a stable outlook.

In a statement, AM Best said these credit ratings (ratings) reflected Himalayan Re’s balance sheet strength, which was assessed as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

The company’s strong risk-adjusted capitalisation for the fiscal year ending July 16, 2023 (fiscal year 2023) is expected to improve to a very strong level in fiscal year 2024, as measured by Best’s Capital Adequacy Ratio.

Shareholders’ equity surged by 194 per cent from 7.9 billion Nepalese rupees (US$61 million) in fiscal year 2023 to approximately 15.3 billion Nepalese rupees (US$118 million) in fiscal year 2024, based on provisional full-year financial results, supported by its public listing in January 2024. (US$1=RM4.41)

The company has a low-to-moderate risk investment portfolio, with a majority allocation to cash and term deposits, with the remainder mainly in fixed-income securities and public equities. However, risks related to severe earthquakes in Nepal and modelling uncertainties are mitigated by retrocession.

Himalayan Re’s operating performance is viewed as adequate, with consistent positive earnings since its inception. Despite a flood event in September 2024, the company is expected to maintain positive underwriting margins in fiscal year 2024.

The company’s expense ratio has decreased due to its growing business scale, though future performance will depend on acquiring quality domestic business. Investment income is anticipated to remain the key contributor to earnings over the medium term.

Himalayan Re’s business profile is assessed as limited, as it mainly operates as a domestic reinsurer in Nepal. The company also benefits from a first right of refusal to domestic facultative reinsurance business to domestic reinsurers.

AM Best views the regulatory support during the company’s early years to be favourable to its strategic growth objectives as it matures. The underwriting portfolio is concentrated in property and engineering risks, and its geographical focus remains on Nepal, with plans for gradual diversification.

-- BERNAMA

KAYTUS V3 SERVER SETS SPEC CPU 2017 RECORDS WITH 70 PCT PERFORMANCE BOOST

KR1280V3 - SPECrate 2017 Integer Performance (Graphic: Business Wire)


KUALA LUMPUR, Feb 25 (Bernama) -- KAYTUS, an end-to-end artificial intelligence (AI) and liquid cooling solutions provider, has announced its dual-socket V3 series server, KR1280V3, has secured top rankings in the latest SPEC CPU 2017 benchmark results published by the internationally recognised Standard Performance Evaluation Corporation (SPEC).

In a statement, KAYTUS said with an advanced architectural design, the KR1280V3 claimed the number one position in both the SPECrate 2017 Integer and SPECrate 2017 Floating Point benchmark suites.

Powered by the AMD EPYC 9965 processor, the KR1280V3 demonstrates a significant 70 per cent performance improvement over previous-generation platforms, driving substantial gains in data compression, molecular dynamics, modelling, and rendering workloads.

KAYTUS’ KR1280V3 server has achieved record-breaking performance, notably in the SPEC CPU 2017 benchmark, exceeding baseline results by 3,350 times in SPECrate Integer and 2,700 times in SPECrate Floating Point. These achievements mark a 61 per cent and 70 per cent improvement, respectively, over the highest scores from the previous AMD platform.

The server demonstrates best-in-class performance across key AI and high performance computing (HPC) applications, delivering a 99 per cent boost in molecular dynamics and a 95 per cent increase in 3D rendering and animation performance, among others.

The KR1280V3’s outstanding performance in areas such as Monte Carlo tree search (Go), molecular dynamics, and 3D rendering is driven by its superior storage capacity and high-throughput architecture. It efficiently supports demanding applications like high-speed computing, high-frequency trading, and virtualisation.

This 1U dual-socket server features up to 512 terabytes (TB) of flash storage, 300 gigabytes per second (GB/s) storage bandwidth, and advanced graphics processing unit (GPU) support.

With enhanced cooling technologies, including air-cooled EVAC and cold-plate liquid cooling, the KR1280V3 significantly reduces energy consumption, lowering data centre power usage effectiveness (PUE) to below 1.1.

This flagship server, part of the KAYTUS V3 series, is optimised for AI, HPC, and big data applications, offering up to 576 cores and 136 per cent increased memory bandwidth compared to previous generations.

-- BERNAMA

EZVIZ WINS TWO ASIA DESIGN PRIZES FOR SMART HOME INNOVATIONS

KUALA LUMPUR, Feb 24 (Bernama) -- EZVIZ has won two Asia Design Prizes for its innovations aimed at enhancing smart home experience with robust functionality and optimal visual enjoyment for the second consecutive year.

The EZVIZ 90x Dual-Lens Camera Series was awarded as Gold Winner, while the DL05 Smart Fingerprint Lock was also recognised as Winner, according to a statement.

Both products are lauded for their usability and versatility in the modern living environment, elegantly balancing the complex need for home protection with a stylish, minimalist appearance.

“We are honoured that our design philosophy became recognised by the best people in the industry. Our first Gold Winner also reflects our relentless pursuit to build better products.

“We show the world that even complicated technologies can be integrated into a compact product to solve long-standing pain points without overwhelming users,” said its IoT Industrial Design Department Chief Designer, Ada Wang.

EZVIZ, a pioneer in smart home technology, competed against around 2,000 designs from 22 countries. The Asia Design Prize, a prestigious pan-Asian competition, rigorously evaluates product designs based on their creativity, usability, and innovative potential. This year, the panel carefully assessed each entry across multiple dimensions.

A flagship duo to exemplify next-generation “all-in-one” security cameras, the 90x Dual Series stands out with its dual lenses and three motors, offering expansive coverage with features like solar charging, 4G connectivity, artificial intelligence-powered detection, and advanced night vision for continuous outdoor surveillance.

Meanwhile, a star product from EZVIZ’s Smart Entry family, the DL05 is a modern lock that offers a sleek, simple design for secure, keyless access. It provides instant unlocking, is easy to control via an app, and fits most doors, emphasising security and convenience without unnecessary complexity.

-- BERNAMA

HONG KONG'S ‘SUPER MARCH’ PROMISES A DYNAMIC MONTH OF ART, CULTURE AND ENTERTAINMENT

 

Art Basel Hong Kong; Photo credit: Art Basel

KUALA LUMPUR, Feb 21 (Bernama) -- Hong Kong is set to captivate both tourists and locals this March with its ‘Super March’ event series, a vibrant celebration of art, culture, and entertainment.

According to the Hong Kong Tourism Board (HKTB) in a statement, a key highlight is Art Basel Hong Kong, returning to the Hong Kong Convention and Exhibition Center from March 28 to 30, featuring 240 galleries from 42 countries.

Celebrating its 10th anniversary, Art Central (March 26 to 30) will showcase a mix of established and emerging talent at Central Harbourfront, while the HKwalls Street Art Festival (March 22 to 30) will bring colourful murals and digital art to the city's streets.

The Hong Kong Arts Festival will also mark its 53rd edition, offering more than 125 performances, including Bizet’s Carmen and the Czech National Ballet’s La Sylphide.

Cultural institutions such as M+ and the Hong Kong Palace Museum will also host major exhibitions. M+ will present over 60 works by Pablo Picasso (March 15 to July 13) alongside Asian artists, whereas the Hong Kong Palace Museum will showcase the rich cultural history of Chinese cuisine (March 19 to June 18).

Meanwhile, the Hong Kong Museum of Art will display works from French Impressionists Paul Cézanne and Pierre-Auguste Renoir (Jan 17 to May 7).

In addition to the art scene, Hong Kong will host the second annual ComplexCon (March 21 to 23), showcasing pop culture and featuring performances by K-pop group NJZ (formerly known as NewJeans) and American hip-hop producer Metro Boomin.

Adding to the excitement, the Kai Tak Sports Park will officially open as the new venue for the Hong Kong Sevens, alongside major sporting events such as LIV Golf.

With an extensive lineup of art, music, and cultural showcases, ‘Super March’ is set to reinforce Hong Kong’s status as a premier arts and entertainment hub in Asia.

-- BERNAMA

VISTA TO SHOWCASE GLOBAL 7500 AT INAUGURAL BAAFEX 2025

KUALA LUMPUR, Feb 20 (Bernama) -- Vista, the world leader in private aviation, has announced its participation in the inaugural Business Aviation Asia Forum and Expo (BAAFEx) 2025 at Singapore’s Changi Exhibition Centre from March 4 to 6.

The company will showcase its flagship Global 7500 jet and share its expertise in two key panel discussions, offering valuable insights on the evolving charter market and diversity in business aviation in Asia Pacific (APAC).

Vista, which has over two decades of growth and more than one million flight hours logged, is the top global operator in its industry. The company has seen a 13 per cent increase in total flight hours and a 16 per cent rise in flight traffic across the APAC in 2024, reflecting the region’s growing demand for private travel.

“We are excited to participate in BAAFEx, marking the anticipated return of a dedicated business aviation event in Asia Pacific. Our presence is a testimony of our commitment to serving this region's discerning clientele,” said Vista Chief Commercial Officer, Ian Moore in a statement.

Meanwhile, BAAFEx’s organiser, Experia Events Managing Director, Leck Chet Lam welcomed Vista’s participation, stating that its insights and industry leadership would contribute to shaping the future of business aviation in APAC, especially with the Global 7500 display at the event.

The Global 7500, the world’s largest and longest-range business jet, capable of flying up to 17 hours non-stop, features four living zones, a private bedroom, two bathrooms, and ample storage, making it ideal for both business and family travel.

VistaJet, part of Vista, operates the largest fleet of Global 7500 aircraft, ensuring availability across over 2,400 airports worldwide.

Vista will also contribute to two panel discussions titled “The Evolving Charter Market: Trends, Opportunities, and Challenges”, featuring Moore, and “Women in Business Aviation: Fostering Diversity and Inclusion,” with its Vice President of Marketing for APAC & IMEA, Amy Yang.

BAAFEx 2025 offers Vista an opportunity to reinforce its leadership position in APAC and reaffirm its commitment to providing unmatched service, innovation, and customer-centric solutions in business aviation.

-- BERNAMA

BYD Energy Storage Inks World's Largest Grid-scale Energy Storage Deal, Totalling 15.1 GWh

KUALA LUMPUR, Feb 18 (Bernama) -- BYD Energy Storage and Saudi Electricity Company (SEC) recently signed the world's largest grid-scale energy storage projects contracts with a capacity of 12.5 gigawatt hours (GWh) at the time.

Combined with the previously delivered 2.6 GWh project, the total cooperation now has amounted to a massive 15.1 GWh of projects, according to a statement.

This cooperation is a pivotal stride towards advancing Saudi Arabia's renewable energy industry and aligning with the ambitious goals set forth in Saudi Arabia's Vision 2030 initiative.

The battery energy storage system (BESS) will be deployed at five locations across Saudi Arabia, using BYD’s MC Cube-T ESS, which integrates its pioneering Cell-to-System (CTS) technology with a Vcts (proportion of cell volume to system volume) index exceeding 33 per cent.

These installations will integrate into Saudi Arabia's power transmission network, playing a pivotal role in addressing challenges posed by the rising number of renewable energy generation systems, ensuring stable power supply, and meeting peak energy demands.

The first pilot BESS was delivered 17 years ago, to seek the potential value of LFP-based battery storage system to be coupled in electricity network system. To date, BYD Energy Storage has delivered over 75 GWh of BESS equipment to 350 projects worldwide.

This landmark project will redefine the value and status of electrochemical energy storage solutions in the global energy landscape.

Taking this cooperation as a new starting point, BYD Energy Storage will continue to increase investment in technology research and development, as well as join hands with global partners to usher in a new era of energy transition, leading the energy storage industry towards a clean and sustainable future.

-- BERNAMA

The Dai-ichi Life Insurance Company Scores Superior Credit Ratings - AM Best

KUALA LUMPUR, Feb 18 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of Japan’s The Dai-ichi Life Insurance Company Limited (DL), the wholly owned operating subsidiary of Dai-ichi Life Holdings Inc (DLH).

The outlook of these credit ratings (ratings) is stable, reflecting DLH’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile, and appropriate enterprise risk management.

DLH is the ultimate parent for the entire Dai-ichi organisation, in which AM Best views DL as being integral to the group, given its financial, operational and strategic importance to the overall organisation.

AM Best in a statement said the DL’s ratings are based upon the balance sheet fundamentals and operating performance of the DLH organisation, which are then extended specifically to DL.

DLH’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which was assessed as being at the strongest level.

The group’s total reported capital increased by 46 per cent year over year to 3.9 trillion Japanese yen as of March 31, 2024, primarily driven by unrealised gains on securities amid favourable financial market conditions. (100 Japanese yen = RM2.92)

Meanwhile, DLH’s operating performance remained strong and resilient in the fiscal year ended March 31, 2024, achieving consolidated premium income of 7.5 trillion Japanese yen and a fundamental profit of 525 billion Japanese yen.

The group’s premium income and annualised premiums of new business also recorded strong growth, supported by higher demand for foreign currency-denominated single premium products in Japan and increased overseas sales contribution.

Remains as one of the largest private life insurance groups in Japan, DLH has continued to expand its business footprint through strategic acquisitions, including ipet Holdings and Benefit One in the country, as well as Partners Life Limited in New Zealand, further strengthening its market position.

-- BERNAMA

KAO CORPORATION RESPONDS TO SHAREHOLDER PROPOSALS AHEAD OF AGM

KUALA LUMPUR, Feb 18 (Bernama) -- Kao Corporation disclosed its opinion on Feb 14 regarding the shareholder proposals submitted by Oasis Japan Strategic Fund Ltd (Oasis) for the company’s 119th Annual General Meeting (AGM).

The company also addressed a previous statement from Oasis, made in April 2024, by publishing a document titled "Board of Directors' Opinion on Shareholder Proposal and Kao’s Strategy to Enhance Corporate Value", according to a statement.

Kao reaffirmed its commitment to maintaining transparent and effective governance while continuing to implement its K27 strategy aimed at boosting corporate value.

-- BERNAMA

BITGET LAUNCHES GLOBAL GRADUATE PROGRAM TO CULTIVATE THE NEXT GENERATION OF WEB3 TALENT

VICTORIA, Seychelles, Feb 18 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, announced the launch of its first Bitget Graduate Program, an initiative designed to recruit and cultivate the next generation of blockchain and Web3 talent from top global universities. As part of Bitget’s Blockchain4Youth Corporate Social Responsibility (CSR) initiative, this program aligns with the company’s plans of driving education, innovation, and long-term growth in the blockchain industry.

The Bitget Graduate Program seeks outstanding graduates with a global mindset, a passion for innovation, and a strong drive to explore the future of Web3. The program provides career opportunities across various fields, including operations, product management, marketing, risk & compliance, data management, and engineering, enabling participants to gain hands-on experience in one of the fastest-growing sectors.

Applications are now open on the Bitget official website and will remain available until March 15, 2025. Successful candidates will receive offer letters to join Bitget, with the earliest start date being April 1. Through this program, Bitget plans to hire around 30 exceptional graduates, offering them a structured development program, cross-functional training, and direct mentorship from industry experts. Participants will have the opportunity to work on cutting-edge blockchain projects and contribute to expanding Web3 applications.

“At Bitget, we believe the future of Web3 lies in the hands of the next generation,” said Vugar Usi Zade, Chief Operating Officer at Bitget. “The Graduate Program is designed to bridge the gap between ambition and opportunity, providing young professionals with a direct pathway to immerse themselves in the blockchain industry. As Web3 adoption accelerates, we are committed to equipping future leaders with the skills and experiences they need to shape the decentralized world.”

Bitget offers a dynamic and diverse workplace, with over 1,800 employees from over 60 countries and a culture that values efficiency, innovation, and collaboration. The program offers competitive compensation, clear career development pathways, and growth opportunities within Bitget.

Launched in May 2023, Blockchain4Youth aligns with Bitget’s commitment to inspiring the next generation to embrace blockchain. With a $10 million pledge over five years, the initiative offers courses, hackathons, and scholarships. By the end of 2024, Bitget had entered over 60 universities, including Massachusetts Institute of Technology (MIT), University College London (UCL), Hong Kong University of Science and Technology, National Technological University of Argentina, National Taiwan University, and RMIT University, hosting nearly 100 talks and reaching over 13,000 students.

For more details on the Bitget Graduate Program and application process, visit this link.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

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

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4b8e4841-98ea-487c-b176-1a3359695920

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

BITGET SECURES VIRTUAL ASSET SERVICE PROVIDER LICENSE IN BULGARIA ALIGNING WITH ITS EU EXPANSION PLANS

VICTORIA, Seychelles, Feb 17 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria's National Revenue Agency. The official licensing now enables Bitget to offer a comprehensive suite of crypto services within Bulgaria, including the exchange, trading, transfer, custody, and public offering of crypto assets, as well as wallet services. This aligns with Bitget's broader plans of obtaining EU's Markets in Crypto-Assets (MiCA) license, which will boost its foothold in the region.

The VASP license in Bulgaria aligns with Bitget's strategic expansion across the European Union. The company is actively preparing for compliance with the EU's MiCA framework, which seeks to establish a unified regulatory environment for crypto assets throughout the region.

"The successful application of the VASP license in Bulgaria is a part of Bitget's expansion strategy to serve users across the European Union," said Hon Ng, Chief Legal Officer at Bitget. "As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto's adoption."

Ng added, "In 2025, we are excited to continue to grow Bitget's global regulatory footprint in partnership with various regulators around the world. We have a sharp focus on meeting compliance standards in every jurisdiction where we operate and we have been investing in our compliance programme from day one. We believe that our approach enhances user trust, ensures market integrity while at the same time increasing global adoption of digital assets and ensures long-term sustainable growth as we align our operations with emerging regulations worldwide."

Bitget views regulatory compliance as an integral part of its future success, which is evident through its acquisition of approvals in key markets such as Poland, Italy, Lithuania, UK and now Bulgaria.

The VASP license in Bulgaria grants Bitget the regulatory approval to offer a wide array of services to cater to the needs of digital asset users in the region. These services include the exchange of crypto assets, enabling seamless conversion between crypto and fiat; trading and transfer of crypto assets, facilitating efficient and secure transactions; and custody services, providing a strong framework for safeguarding user assets. Additionally, the license permits the public offering of crypto assets, supporting the scope for innovative token launches and opportunities.

In the last three months alone, Bitget has put forth major licensing and expansion updates. It has secured a BSP license in El Salvador, approval in the UK to provide digital asset services, and has powered a compliant Vietnam-based exchange BitEXC. Recently, Forbes has ranked Bitget as one of the world's most trustworthy exchanges and with Bulgaria's VASP license, Bitget continues to make significant progress in this area. The company plans to collaborate closely with European regulators to ensure its products meet all regulatory requirements while prioritizing the protection of user assets and data.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

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

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3dafce49-6bd9-4e83-9453-e5503f7b4596

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

UNI-FUELS AWARDED INTERNATIONAL SUSTAINABILITY AND CARBON CERTIFICATIONS, REINFORCING COMMITMENT TO SUSTAINABLE MARINE FUEL TRADING

SINGAPORE, Feb 13 (Bernama-GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced that the Company’s wholly owned subsidiary, Uni-Fuels Pte Ltd (“Uni-Fuels Singapore”), has received both ISCC EU and ISCC PLUS certifications from the International Sustainability and Carbon Certification (ISCC), a globally recognized independent multi-stakeholder initiative and leading certification system supporting sustainable, fully traceable, deforestation-free and climate-friendly supply chains. These certifications highlight the Company’s commitment to sustainability and compliance with European Union (EU) regulations aimed at reducing greenhouse gas (GHG) emissions in the maritime industry.

The ISCC certifications ensure that the biofuels traded by Uni-Fuels Singapore meet the requirements of the EU’s Renewable Energy Directive (RED II), including the provision of Proof of Sustainability (PoS). This important documentation ensures biofuels are sustainably sourced and produced, enabling full traceability from feedstock to final product.

As the maritime sector moves toward greater decarbonization, it is essential for biofuel suppliers to demonstrate compliance with regulatory standards, including the EU Emissions Trading System (EU ETS) and FuelEU Maritime. PoS documentation ensures biofuels can be counted toward emissions reduction targets, as opposed to being treated as fossil fuels.

Uni-Fuels Vice President, Operations Tan Guan Kai commented, “Achieving ISCC certifications demonstrates our commitment to supporting the global transition to cleaner fuels. With Proof of Sustainability documentation, we provide our customers with the assurance that the biofuels they rely on are responsibly produced and fully compliant with evolving regulations.”

The PoS framework, combined with the ISCC EU and ISCC PLUS certifications, ensures customers that the biofuels they use are responsibly sourced, traceable, and produced with sustainability in mind. These certifications provide both regulatory compliance and enhanced transparency, helping to build trust in the biofuel market.

About Uni-Fuels Holdings Limited

Uni-Fuels is a fast-growing global provider of marine fuel solutions, helping shipping companies optimize fuel procurement across all markets and time zones. Founded in 2021, Uni-Fuels has evolved from modest beginnings into a dynamic, forward-thinking company. Backed by a passionate team and a growing presence across multiple locations, it has forged trusted partnerships with customers, supporting them in achieving their operational objectives with confidence, from shore to shore.

For more information, visit www.uni-fuels.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the completion and timing of closing of the offering and the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Uni-Fuels’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Contact Information

For Investor Relations:

Uni-Fuels Holdings Ltd
Email: investors@uni-fuels.com

Skyline Corporate Communications Group, LLC
Email: info@skylineccg.com

SOURCE : UNI-FUELS Holdings LTD.

--BERNAMA

2025 SFA International Sporting Events Conclude With Impressive Participations

 

Inaugural SFA International Sporting Events concludes, with more than 35,000 SFA Expo visitors and over 40,000 Riyadh Marathon participants (Photo: AETOSWire)

KUALA LUMPUR, Feb 13 (Bernama) -- The Saudi Sports for All Federation (SFA) is celebrating the success of the first-ever 2025 SFA International Sporting Events, with the SFA Expo attracting 35,359 visitors while the Riyadh Marathon saw 40,494 participants from 131 countries.

In a statement, the SFA stated that it is eager to build on this success for future events, aiming to inspire the Kingdom’s residents and visitors to embrace healthier, more active lifestyles.

Held from Feb 5 to 7, the SFA Expo offered a variety of interactive sports zones, fitness classes, health exhibits, and engaging panel discussions. A key highlight was the Primal Race functional fitness competition on Feb 7.

Meanwhile, the Riyadh Marathon, held on Feb 8, saw an impressive jump from 20,000 runners in 2024. It was organised in partnership with the Ministry of Sport, the Saudi Arabian Olympic & Paralympic Committee, the Saudi Arabian Athletic Federation, and Amanat AlRiyadh.

The four races that took place, namely the 42 kilometres (km) full marathon, half marathon (21 km), 10 km race, and a family-friendly four km run, saw a significant proportion of participants were Saudi nationals ( 67 per cent), with 40 per cent being women, reflecting the growing enthusiasm for sports in the Kingdom.

The top male and female finishers in the elite marathon categories received US$30,000 each, with additional prizes for second and third, while winners in the half marathon elite race won cash prizes of US$5,000 for first place. (US$1=RM4.46)

Among others, Saudi Awwal Bank was the presenting partner for the marathon, with ASICS, Tawuniya, Aquafina, and Gatorade as strategic partners for both events, in addition to medical support provided by Dr. Sulaiman Al Habib Medical Services Group at the event.

-- BERNAMA

Xsolla, AppsFlyer Team Up To Revolutionise Cross-Platform Gaming Insights

 

KUALA LUMPUR, Feb 12 (Bernama) -- Global video game commerce company, Xsolla has partnered with mobile measurement and analytics leader, AppsFlyer in a groundbreaking web shop collaboration for the gaming industry.

According to a statement, this enhanced partnership improves the Web Shop solution, offering game developers global insights and simplifying activation for better cross-platform measurement and attribution.

The collaboration introduces two integration options, namely server-to-server (S2S) and web integrations for mobile games, providing comprehensive data on user behaviour, campaign performance, and revenue attribution across mobile and web platforms.

Xsolla Chief Marketing & Growth Officer, Berkley Egenes said these integrations with AppsFlyer bridge the data gap between Web Shops and mobile apps, offering game developers a complete view of lifetime value (LTV) and return on investment (ROI).

“This collaboration underscores Xsolla’s commitment to simplifying complexities for our mobile game partners and enabling smarter business decisions based on complete data flows across the player journey,” he said.

Meanwhile, AppsFlyer Product Director of Gaming, Adam Smart highlighted the importance of understanding the entire user journey for maximising revenue and optimising game performance.

These integrations address two major challenges in the mobile gaming ecosystem, which are reliable LTV and return on advertising spend (ROAS) measurement across platforms and accurate Web Shop ad campaign tracking. Developers can manage small activations directly through their accounts with a streamlined activation process via the Xsolla and AppsFlyer Publisher Accounts.

The gaming industry, particularly mobile games, increasingly demands tools that provide clear insights into player behaviour and enable precise campaign performance measurement across platforms.

These solutions help developers optimise engagement strategies and ROI, empowering developers to focus on creating exceptional gaming experiences.

-- BERNAMA

Boulder Imaging Unveils World’s First CDI2-compliant Software For Central Banks

KUALA LUMPUR, Feb 13 (Bernama) -- Boulder Imaging, a leader in machine vision and artificial intelligence solutions, has unveiled the world’s first Common Detector Interface 2 (CDI2)-compliant software for central banks.

Combined with Authentix GemVision sensors and image processing and fitness algorithms, this pioneering software is designed to deliver unprecedented speed and accuracy in banknote authentication and quality assessment.

“Through Boulder Imaging’s leadership, CDI2 has transitioned from a technical specification to an operational reality, increasing yield and reducing costs for central banks.

“We remain committed to delivering innovative tools that ensure speed, accuracy, and scalability for years to come,” said Boulder Imaging president and chief operating officer, Don Mills in a statement.

Developed by the United States Federal Reserve and the European Central Bank, the CDI2 standard represents a significant advancement for central banks globally, as the solution standardises banknote inspection, reduces currency waste, optimises quality, and lowers environmental impact by increasing the lifespan of notes in circulation.

Not only does Boulder Imaging’s software comply with the CDI2 standard, but it also exceeds the requirements in many areas, in which the software assesses the quality of each banknote at a rate of 40 notes per second, with an accuracy rate exceeding 99.99 per cent.

This commitment to excellence is validated by the company's Intergraf certification, which ensures compliance with the highest international standards for the banknote and security industry.

The industry-wide adoption of CDI2 is expected to revolutionise currency management, enabling central banks to select the most suitable detection technologies from multiple suppliers.

Boulder Imaging is well-positioned to provide flexible and customisable solutions as the banknote industry embraces this new standard. It allows central banks to optimise their banknote management processes and accommodate future security features and materials for next-generation banknotes.

-- BERNAMA

XSOLLA PARTNERS WITH DAY OF THE DEVS FOR 2025 TO SUPPORT NEW GAME DEVELOPMENT AND LAUNCHES AT KEY EVENTS

^{(Graphic: Xsolla)}

Day Of The Devs Powered By Xsolla Will Celebrate Creativity And Bring Opportunities Together For Game Developers Of All Genres, Backgrounds, And Locations


LOS ANGELES, Feb 14 (Bernama-BUSINESS WIRE) -- Xsolla, a leading global video game commerce company, announces its 2025 flagship sponsorship for Day of the Devs, a non-profit organization celebrating video games' creativity, diversity, and magic. This announcement underscores Xsolla's commitment to empowering game developers and bringing together opportunities for creative talent and development worldwide.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250213515388/en/ 

“This partnership and collaboration underscores our ongoing mission to empower developers and make great games more accessible worldwide no matter what size or where they are from,” said Berkley Egenes, Chief Marketing & Growth Officer. “Day of the Devs powered by Xsolla provides an unparalleled platform to support diverse talent and creativity and create a channel to bring opportunities together for developers, and we are proud to be a part of this initiative.”

Day of the Devs, powered by Xsolla, will include incredible events and opportunities for video game developers to showcase their new games and connect with industry leaders to help them build their gaming businesses. Kicking off 2025, Day of the Devs: San Francisco Edition will take place on Sunday, March 16, 2025, at The Midway in San Francisco, bringing thousands of indie fans and developers together to play incredible hand-picked titles. More details on the event can be found on the Eventbrite page here.

Continuing the celebration, Day of the Devs: GDC Edition will feature a selection of titles from the San Francisco Edition at the Moscone Center during the Game Developers Conference (GDC) 2025, running from March 17 to 21 on the 3rd floor of Moscone West. Attendees can explore these unreleased games during regular hours, while the public, 18 and older, can experience them during GDC Nights on Monday and Thursday evenings from 6:30 PM to 10:00 PM PT. Xsolla will also be hosting a lounge on the first floor of Moscone West to support the community and provide an area for developers to collaborate with the Xsolla team.

Day of the Devs, a non-profit organization, has celebrated video games' creativity, diversity, and magic for over 13 years. It has hosted thousands of attendees at physical events, reached millions through virtual showcases, and provided a platform for hundreds of games and developers.

“This event embodies the spirit of creativity and community that defines indie games,” said Greg Rice, Head Curator at Day of the Devs. “Thanks to partners like Xsolla, we can continue to keep these events free and accessible, allowing thousands to connect with the magic of games and the talent behind them.”

Through this sponsorship, Xsolla will engage with hundreds of game developers to support their initiatives and bring opportunities together to solve inherent questions and challenges facing their funding, distribution, and monetization efforts. This flagship sponsorship reinforces Xsolla’s commitment to supporting game developers to provide the same opportunities and connections to any game - regardless of size, location, genre, or platform. For more information, please visit: xsolla.blog/dotdgdc

About Xsolla

Xsolla is a leading global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in London, Berlin, Seoul, Beijing, Kuala Lumpur, Raleigh, Tokyo, Montreal, and cities around the world.

For more information, visit xsolla.com

About Day of the Devs

Day of the Devs is a non-profit with the mission to celebrate the creativity, diversity and magic of video games. Day of the Devs gives a voice to emerging or underrepresented talent with platforms that connect players with developers, and their games. Day of the Devs takes on the form of virtual and physical events – all completely free, with no costs to either developers or attendees. Over the last 13 years, Day of the Devs has shined a spotlight on many hundreds of games, hosted tens of thousands of people at in-person events, and reached out to millions of viewers through virtual showcases.

For more information, visit dayofthedevs.com

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20250213515388/en/

Contact

Media Contact
Derrick Stembridge
Vice President of Global Public Relations, Xsolla
d.stembridge@xsolla.com

Source : Xsolla

AKWEL RECORDS 7.3 PCT REVENUE DROP IN 2024

KUALA LUMPUR, Feb 7 (Bernama) -- AKWEL posted a consolidated revenue of 989.0 million euros for fiscal year 2024, marking a 7.3 per cent decrease from 1.0664 billion euros, the previous year. (1 euro = RM4.59)

The last quarter of 2024 confirms the trend observed in the previous quarters, with revenue down 13.5 per cent to 231.2 million euros, according to a statement.

For the full year, revenues at constant scope and exchange rates fell by 7.0 per cent, despite a positive foreign exchange impact of 2.2 million euros.

The geographical revenue distribution highlights that France continues to perform significantly worse compared to the rest of the world.

AKWEL’s product lines also saw a general downturn, though Cooling (1.3 per cent) and Air ( 2.6 per cent) remained nearly stable, while Decontamination (24.4 per cent) experienced the largest decrease, given the winding down of Selective Catalytic Reduction (SCR) tanks production, scheduled to end in 2025.

The company’s consolidated net cash, excluding lease liabilities, amounted to 145 million euros on Dec 31, 2024, an increase of 4.5 million euros from Sept 30, with 10.8 million euros of investments made this quarter.

Despite this, the overall decline in activity is expected to result in a decrease of approximately two points in the current operating margin for the group.

Looking ahead, AKWEL anticipates a similar decline in activity for 2025, driven by the ongoing challenges in the global automotive market and the uncertainty surrounding the mix of electric, hybrid, and internal combustion engine vehicles.

AKWEL is a parts and systems manufacturer for the automotive and heavy-vehicle industry, and a specialist in fluid management, mechanisms and structural parts for electric vehicles.

-- BERNAMA

NX VIETNAM ENHANCES RAIL FREIGHT SERVICES WITH CONSOLIDATION FOR SMALL-LOT SHIPMENTS

KUALA LUMPUR, Feb 7 (Bernama) -- Nippon Express (Vietnam) Co Ltd (NX Vietnam) has commenced a consolidation service to enhance its rail freight services on Vietnam's North-South Railway between Hanoi and Ho Chi Minh City.

As logistics needs become more diversified and sophisticated in line with the rapid growth of the Vietnamese economy, demand is on the rise for a north-south logistics network to serve as a key route between manufacturing bases and consumption centres.

To address this need, NX Vietnam, a group company of Nippon Express Holdings Inc, has launched a rail transport service in June 2024, reducing transit time between Hanoi and Ho Chi Minh City (approximately 1,700 kilometres) in about 48 hours.

According to a statement, this service has been well received by many customers as a high-quality service that helps reduce the environmental impact of logistics.

NX Vietnam has now launched a Less than Container Load (LCL) service to supplement its existing Full Container Load (FCL) service, utilising its own warehouses as incoming/outgoing container freight stations (CFSs). Loading and unloading of containers will be performed in-house to ensure high-quality service.

This approach enables efficient and sustainable transport of smaller quantities of cargo that do not fill a single container and provides more customers with flexible and cost-effective logistics solutions.

The NX Group will continue providing high-quality logistics services to meet the needs of its customers while working to cut carbon dioxide emissions with the aim of achieving sustainable societies.

-- BERNAMA

SALIENCE LABS RAISES US$30 MLN IN SERIES A TO ADVANCE OPTICAL SWITCHES FOR AI DATA CENTRES

KUALA LUMPUR, Feb 7 (Bernama) -- Salience Labs Limited, a leader in photonic solutions for artificial intelligence (AI) data centre infrastructure, has secured US$30 million in Series A funding. SALIENCE LABS RAISES US$30 MLN IN SERIES A TO ADVANCE OPTICAL SWITCHES FOR AI DATA CENTRES

KUALA LUMPUR, Feb 7 (Bernama) -- Salience Labs Limited, a leader in photonic solutions for artificial intelligence (AI) data centre infrastructure, has secured US$30 million in Series A funding. (US$1=RM4.42)

The round was led by ICM HPQC Fund and Applied Ventures LLC, the venture capital arm of Applied Materials Inc, to further the development of its optical switches for large-scale AI connectivity.

Other investors include Strategic Investment Fund, Braavos, and continued participation from existing backers such as Oxford Sciences Enterprises, Cambridge Innovation Capital, and global semiconductor industry leaders including Silicon Catalyst and Jalal Bagherli.

Salience Labs Co-founder and Chief Executive Officer, Vaysh Kewada emphasised that their photonic switch technology aims to meet customer demands for high bandwidth, low latency, and power efficiency while being compatible with existing infrastructure.

“The completion of this round will further our development and help us bring our product to customers to enable not just the savings but large cluster connectivity,” she said in a statement.

In addition to the funding, Salience Labs is appointing Dr William Jeffrey to its Board of Directors. Dr Jeffrey, an astronomer and former director of the National Institute of Standards and Technology, brings extensive experience in leading scientific and technological innovation.

The company has also appointed Bonnie Tomei as Chief Financial Officer. With over 20 years of experience in finance, including initial public offerings (IPOs) and de-special purpose acquisition company (SPAC) transactions, she will play a crucial role in the company's strategic growth, particularly in expanding to serve United States customers.

-- BERNAMA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 (US$1=RM4.42)

The round was led by ICM HPQC Fund and Applied Ventures LLC, the venture capital arm of Applied Materials Inc, to further the development of its optical switches for large-scale AI connectivity.

Other investors include Strategic Investment Fund, Braavos, and continued participation from existing backers such as Oxford Sciences Enterprises, Cambridge Innovation Capital, and global semiconductor industry leaders including Silicon Catalyst and Jalal Bagherli.

Salience Labs Co-founder and Chief Executive Officer, Vaysh Kewada emphasised that their photonic switch technology aims to meet customer demands for high bandwidth, low latency, and power efficiency while being compatible with existing infrastructure.

“The completion of this round will further our development and help us bring our product to customers to enable not just the savings but large cluster connectivity,” she said in a statement.

In addition to the funding, Salience Labs is appointing Dr William Jeffrey to its Board of Directors. Dr Jeffrey, an astronomer and former director of the National Institute of Standards and Technology, brings extensive experience in leading scientific and technological innovation.

The company has also appointed Bonnie Tomei as Chief Financial Officer. With over 20 years of experience in finance, including initial public offerings (IPOs) and de-special purpose acquisition company (SPAC) transactions, she will play a crucial role in the company's strategic growth, particularly in expanding to serve United States customers.

-- BERNAMA