Workflow
Globenewswire
icon
Search documents
Mint Delivers First FLOKI Minibot M1 Prototype Introducing a New AI-Powered Companion for the Asia Pacific Market &
Globenewswire· 2026-02-25 14:07
Core Insights - Mint Incorporation Limited has successfully delivered the first prototype of the FLOKI Minibot M1, marking its entry into the consumer robotics market [2][4] - The FLOKI Minibot M1 is designed as an AI-powered companion robot with features such as smart reminders, proactive notifications, and personalized interaction [3][4] - The collaboration with Rice Robotics Holdings Limited enhances Mint's capabilities in robotics R&D and positions the company to capitalize on the growing demand for AI-powered companions [5][6] Company Overview - Mint Incorporation Limited is a Hong Kong-based company listed on NASDAQ, focusing on AI, robotics, and interior design [8] - The company operates through its subsidiary Axonex Intelligence Limited, providing intelligent robotics and facility management solutions [8] Product Development - The FLOKI Minibot M1 was co-developed with Rice Robotics, showcasing at the British Education Training and Technology Show in early 2026 [5][11] - Mint and Rice Robotics have formalized an agreement to deliver up to 800 units of the FLOKI Minibot M1 by the end of Q1 2026 [5] Market Strategy - The launch of the FLOKI Minibot M1 aligns with Mint's strategy to seize opportunities in the expanding "Physical AI" market [6] - Future enhancements for the FLOKI Minibot M1 are planned for sectors such as education, hospitality, and entertainment, broadening its commercial potential [4][6]
JioHotstar, with over 450 Million Subscribers, Renews Beamr Contract for Video at Scale
Globenewswire· 2026-02-25 14:05
Core Insights - JioHotstar has renewed its contract with Beamr Imaging Ltd., highlighting the importance of Beamr's technology in delivering high-quality video experiences at scale [1][2] Group 1: Company Overview - Beamr Imaging Ltd. (NASDAQ: BMR) specializes in video optimization technology and is recognized for its patented Content-Adaptive Bitrate (CABR) technology [1][4] - The company has established itself as a leader in content-adaptive video compression, with a client base that includes major media companies like Netflix and Paramount [4] Group 2: Technology and Benefits - Beamr's CABR technology allows JioHotstar to achieve 30%-50% reductions in storage and bandwidth costs while maintaining video quality [2][3] - The technology is designed to balance quality standards with operational efficiency, which is crucial for delivering media content to a large audience [3] Group 3: Market Position and Future Prospects - Beamr continues to renew contracts with major media and entertainment customers, indicating strong demand for its video solutions [3] - The company is advancing its offerings with innovative capabilities, including cost-effective 4K live streaming and AI-powered quality enhancements [3][5]
Totaligent Executes Binding LOI for Joint Venture and Acquisition of GloMed Solutions
Globenewswire· 2026-02-25 14:05
Core Insights - Totaligent, Inc. has entered into a binding Letter of Intent (LOI) with GloMed Solutions to form a joint venture that integrates Totaligent's Aetherium Medical platform into GloMed's operations, with a potential full acquisition of GloMed by Totaligent [1][3][8] Company Overview - Totaligent, Inc. specializes in intelligent business marketing data solutions and aims to expand in high-potential sectors, particularly in advanced biologics commercialization [12] - GloMed Solutions is a Japanese distributor of medical aesthetics and biologics products, generating approximately $10 million in annual revenue and $1 million in free cash flow [3][9] - Aetherium Medical serves as a bridge for biotech companies to connect with global patients through ethical medical tourism channels, focusing on AI-accelerated discovery [2][10] Joint Venture Details - The joint venture is expected to close around March 22, 2026, with Totaligent contributing the Aetherium platform and GloMed providing its infrastructure and expertise [4] - Revenue generated through the joint venture will be shared based on cost structures, and governance will include a three-member board from both companies [4][5] - Totaligent has a binding call option to acquire 100% of GloMed within one year after the joint venture closes, allowing for a smooth transition [4][5] Market Potential - The global biologics market is projected to reach approximately $650 billion by 2030, driven by advancements in AI-enabled therapies [7] - The medical tourism market is expected to grow significantly, with estimates ranging from $56 billion in 2026 to over $250 billion by 2034, particularly in APAC regions [7] Strategic Importance - This partnership positions Totaligent as a key player in the evolving biologics and medical tourism sectors, enabling rapid market entry and scaling for innovative therapies [1][6][8] - The collaboration aims to leverage Totaligent's marketing capabilities to target AI-biotech innovators and APAC clinics, accelerating the commercialization of biologics [6]
SoundHound AI Establishes New Innovation Hub in Bengaluru to Accelerate Global Agentic AI Expansion
Globenewswire· 2026-02-25 14:03
Core Insights - SoundHound AI, Inc. has opened a new innovation hub in Bengaluru, India, marking a significant milestone in its global expansion of agentic AI technology [1][2] - The Bengaluru hub is positioned to drive the next wave of innovation for SoundHound, coinciding with India's emergence as a global AI powerhouse [2] - SoundHound's technology enables seamless collaboration of AI agents across various customer touchpoints, powering millions of products and services worldwide [3][6] Company Expansion - The new office in Bengaluru adds to SoundHound's global footprint, which includes locations in major cities such as Beijing, Berlin, New York, and Toronto [4] - The Bengaluru hub is described as an innovation center aimed at enhancing human-to-AI interaction, reflecting the region's focus on digital transformation and intelligent automation [5] Industry Context - The opening of the Bengaluru hub aligns with the historic momentum of the Indian technology sector, reinforcing the country's role in the global AI landscape [2] - SoundHound's enterprise-grade solutions span multiple industries, including retail, healthcare, and automotive, showcasing its versatility and broad market reach [3][6]
IPG Photonics Announces Ruling in Unified Patent Court
Globenewswire· 2026-02-25 14:01
MARLBOROUGH, Mass.,, Feb. 25, 2026 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP), the global leader in fiber laser technology, announced today that the Local Division of the Unified Patent Court (UPC) located in Mannheim, Germany has issued a decision in a patent infringement case brought by Trumpf SE & Co. KG (“Trumpf”). The court ruled that certain designs of IPG’s adjustable mode beam (AMB) lasers used in welding and cutting applications infringed European Patent 2,951,625. The decision im ...
Wix to Participate in a Fireside Chat at the 2026 Cantor Global Technology & Industrial Growth Conference
Globenewswire· 2026-02-25 14:00
NEW YORK – – Wix.com Ltd. (NASDAQ: WIX), today announced that Wix management will participate in a fireside chat at the 2026 Cantor Global Technology & Industrial Growth Conference on Wednesday, March 11, 2026 at 4:10 pm ET. An archived replay will be available on Wix's investor relations website: https://investors.wix.com. About Wix.com Ltd.Wix is a leading global platform for creating, managing, and growing a complete digital presence. Founded in 2006, Wix empowers millions of users, including self-crea ...
El Pollo Loco Holdings, Inc. to Announce Fourth Quarter and Full Year 2025 Results on Thursday, March 12, 2026
Globenewswire· 2026-02-25 14:00
COSTA MESA, Calif., Feb. 25, 2026 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (“El Pollo Loco”) (NASDAQ: LOCO) today announced that it will host a conference call to discuss its fourth quarter and full year 2025 financial results on Thursday, March 12, 2026, at 4:30 PM Eastern Time. Hosting the call will be Liz Williams, Chief Executive Officer, and Ira Fils, Chief Financial Officer. A press release with fourth quarter and full year 2025 financial results will be issued that same day, shortly after the ...
World Mobile Group Ltd Converts Payable Notes Into Equity, Acquiring Approximately 18.5% of Cuentas Inc. and Deepening a High-Growth Strategic Alliance
Globenewswire· 2026-02-25 14:00
Miami Beach, FL and London, UK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Cuentas Inc. (OTCQB: CUEN) and World Mobile Group Ltd today announced a transformative equity transaction in which World Mobile Group Ltd exercised its payable notes in exchange for 1,277,018 shares of common stock of Cuentas Inc., representing approximately 18.5% ownership of the Company. This strategic conversion signals a strong vote of confidence in Cuentas’ platform and accelerates the companies’ shared mission to build a next-generation ...
Sharps Technology and The Tie Announce Strategic Collaboration to Advance Institutional Participation in the Solana Ecosystem
Globenewswire· 2026-02-25 14:00
NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Sharps Technology, Inc. (“STSS” or the “Company”) (NASDAQ: STSS), a medical device company with a Solana digital asset treasury strategy, and The Tie, Inc. (“The Tie”), the leading provider of institutional-grade digital asset analytics, compliant communications, and infrastructure services, today announced a strategic collaboration to strengthen Solana’s institutional infrastructure and expand institutional access to the ecosystem. Under the collaboration, STSS w ...
Scripps board extends employment agreement for CEO Adam Symson
Globenewswire· 2026-02-25 14:00
CINCINNATI, Feb. 25, 2026 (GLOBE NEWSWIRE) -- The board of directors of The E.W. Scripps Company (NASDAQ: SSP) has approved a new contract for Scripps President and CEO Adam P. Symson that runs through Dec. 31, 2029. The new agreement replaces a five-year contract that began Aug. 2, 2022, and was set to expire at the end of 2027. Symson has served as Scripps’ president and CEO since August 2017, building enterprise value through key acquisitions and divestitures as well as organic growth. Symson foresaw the ...