Workflow
Treasure Global Accelerates Launch of OXI Wallet, Secures First Corporate Client, and Eyes 100x Growth
Globenewswire· 2025-12-10 14:10
Core Insights - Treasure Global Inc. has accelerated the launch of its OXI wallet, originally scheduled for 1H 2026, and has secured its first corporate client, Legacy Trustee Berhad, which purchased 1,000 Visa cards, generating USD 120,000 in confirmed revenue [1][5] - The OXI wallet aims to onboard 100,000 users by the end of the first year, potentially generating over USD 100 million in total revenue, indicating a 100x growth potential [2][4] - The company has entered into heads of terms for acquiring a 51% equity interest in Quarters Elite Advisory Sdn. Bhd., which manages approximately USD 150 million in client assets, enhancing its distribution capabilities [3][5] Company Strategy - The early launch of OXI wallet and the acquisition of Quarters Elite are part of the company's growth strategy to improve market penetration and accelerate corporate client onboarding [3][5] - OXI wallet supports major blockchain networks and adheres to international KYC and AML standards, featuring an AI-powered portfolio assistant for personalized insights [5][6] - The company expects OXI wallet to contribute significantly to its long-term digital asset strategy, including opportunities in payments, asset tokenization, and broader blockchain-enabled financial services [6] Market Position - Treasure Global is positioned as a key player in Malaysia's digital economy, with its flagship product, the ZCITY Super App, attracting over 2.7 million registered users as of June 2025 [7] - The combination of Legacy Trustee Berhad's reach and Quarters Elite's advisor network is expected to enhance the onboarding of OXI wallet users and generate substantial revenue [4][5]
Cerro de Pasco Resources Prepares for Next Phase as Technical and Permitting Work Advances at the Quiulacocha Project
Globenewswire· 2025-12-10 14:09
Core Insights - Cerro de Pasco Resources Inc. (CDPR) has made significant progress in the Quiulacocha Tailings Reprocessing Project, transitioning from Phase 1 to Phase 2, which is crucial for both resource recovery and environmental remediation in Peru [1] Phase 1 Achievements - A 40-hole sonic drill program has confirmed metal grades and continuity, supporting the mineral resource estimate for the Quiulacocha tailings [2] - Extensive mineralogical and metallurgical tests are being conducted to determine effective metal recovery methods [3] Environmental Studies - Completion of wet season baseline studies and ongoing dry season assessments, including various monitoring techniques [4] - Environmental baseline data will support the project's Environmental Impact Assessment, aiming to reduce long-term environmental liabilities [19] Hydrogeology and Geotechnics - High-resolution surveys have been integrated into hydrogeological models and stability assessments, guiding mine planning and drilling infrastructure [5][22] - Initial assessments for long-term storage sites and re-mining methods have confirmed the efficient dredging and pumping of Quiulacocha tailings [6][23] Permitting and Approvals - Submission of Phase 1 Results Report has initiated the regulatory process for Phase 2 drilling, with CDPR fully funded for ongoing programs [7] - Recent resolutions from Peru's Mining Council have clarified the permitting process, aligning authorities for the project's advancement [11] Upcoming Milestones - Key milestones include the completion of the integrated metallurgical program in Q1 2026, submission and approval of necessary permits, and commencement of Phase 2 drilling [9] Technical Program Update - The project is supported by a rigorous technical work program, with metallurgical testing defining effective processing routes [12] - The initial metallurgical phase is expected to conclude in Q1 2026, followed by further testing [17] Mineralogical and Metallurgical Testing - The mineralogy program includes various advanced testing methods to determine metal associations and recovery factors [13] - The metallurgical program focuses on recovering multiple metals into saleable concentrates, with initial flotation tests showing promising results [14][15] Tailings Management - Studies on tailings storage and re-mining methods are ongoing, evaluating capacity, land suitability, and environmental considerations [24] - The tailings are confirmed to be pumpable within an optimal solids concentration range, supporting low-cost extraction methods [23] Phase 2 Drilling Program - The upcoming drilling campaign will complete the necessary datasets for feasibility-level engineering, with approximately 116 drillholes planned [25][26]
Niterra Partners with Rackspace Technology to Accelerate Digital Transformation with Rapid Migration to Google Cloud
Globenewswire· 2025-12-10 14:04
Core Insights - Niterra EMEA GmbH partnered with Rackspace Technology to modernize its IT infrastructure and drive digital transformation through a rapid migration to Google Cloud [1][4] Group 1: Migration Strategy - Niterra aimed to unify its global server landscape under a single cloud platform guided by a 'Google first' IT strategy [2] - The company faced an urgent requirement to migrate its entire SAP ECC environment to Google Cloud within two months, which is less than half the typical timeline [2] - The migration involved consolidating three on-premises data centers located in Dubai, Johannesburg, and Frankfurt [2] Group 2: Partnership and Execution - Niterra required a partner with deep SAP and Google Cloud experience to ensure operational continuity and meet unique business requirements [3] - Rackspace Technology designed a secure and scalable migration strategy that ensured immediate operational stability and positioned Niterra for future innovation [4] - Ongoing managed services were provided by Rackspace Modern Operations and Rackspace Application Services for SAP to ensure compliance with industry standards [4] Group 3: Outcomes and Future Plans - The migration was completed without performance issues, downtime, or disruptions, receiving positive feedback from stakeholders [5] - The project exemplified the future of enterprise transformation as fast, secure, and disruption-free [5] - Discussions for additional modernization projects are already underway, indicating a commitment to continued innovation [5] Group 4: Technical Details - A secure Google Cloud landing zone was established with governance and security controls for all workloads [7] - The migration included the transfer of 4TB of business-critical SAP data across various systems with optimized network performance [7] - The project involved global collaboration across multiple countries, ensuring seamless execution and knowledge transfer [7]
SoundHound AI Integrates With OpenTable to Introduce In-Vehicle Reservations Using Voice AI
Globenewswire· 2025-12-10 14:02
Partnership elevates driver convenience with fully hands-free restaurant discovery and booking, quickly connecting drivers to OpenTable’s network of 60,000+ restaurants SANTA CLARA, Calif., Dec. 10, 2025 (GLOBE NEWSWIRE) -- SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice and conversational AI, today announced a new partnership with OpenTable, a global leader in restaurant tech, to launch a fully conversational in-vehicle voice AI reservations agent – as part of SoundHound’s in-car voice commerc ...
Progress Software Brings Agentic AI to its Latest Telerik and Kendo UI Release, Transforming How Modern Business Apps Are Built
Globenewswire· 2025-12-10 14:00
Core Insights - Progress Software has released its Q4 2025 developer toolsets, introducing Agentic AI capabilities that enhance development efficiency and application quality, with early adopters reporting up to 50% faster development cycles [1][2][4] Group 1: New Features and Capabilities - The Agentic UI Generator allows developers to create enterprise-grade page layouts from simple natural language prompts, significantly speeding up the development process [2][4] - Twelve new component-level AI coding assistants have been integrated across .NET and JavaScript frameworks, increasing developer productivity by at least 30% [6] - AI-driven debugging features have been introduced in Progress® Telerik® Fiddler™ Everywhere, enabling seamless troubleshooting within developers' IDEs [6] Group 2: Market Impact and Innovation - The new AI capabilities are expected to fundamentally change how development teams build applications, reducing development time from days to hours [3] - Progress Software's proactive approach to partnering with AI-focused customers highlights its commitment to innovation in the software development space [3] - The release marks a significant milestone for Telerik and Kendo UI, positioning them as leaders in modern application development [4]
Uni-Fuels Secures Letter of Award for Strategic Three-Year Fuel Procurement Supply
Globenewswire· 2025-12-10 14:00
SINGAPORE, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions based in Singapore, today announced that its wholly-owned subsidiary, Uni-Fuels Pte Ltd (“Uni-Fuels Singapore”), has received a Letter of Award (“LOA”) for a three-year supply of marine fuels from a leading provider of engineering, procurement, construction, and installation (“EPCI”) contractor of offshore oil and gas projects in the Asia Pacific r ...
Maple Magic: Denny’s Unveils “Sticky Kicks” – the World’s First Sneakers Made with Real Syrup
Globenewswire· 2025-12-10 14:00
Core Concept - Denny's is launching "Sticky Kicks," the first-ever sneakers made with real Denny's syrup, in celebration of National Maple Syrup Day on December 17, 2025, showcasing a unique blend of diner culture and streetwear fashion [1][6]. Product Details - Sticky Kicks feature a clear, sealed panel displaying real Denny's syrup, designed with syrup-colored patent leather and the iconic Denny's logo [2][6]. - The sneakers will be available in adult men's sizes 8-13 and retail for $195 [5]. Marketing Strategy - Denny's Rewards members will have exclusive early access to purchase the sneakers, emphasizing the brand's commitment to engaging its loyal customer base [4][11]. - The launch is positioned as a bold and creative marketing move, aligning with Denny's identity and culture [3][6]. Company Background - Denny's is a family dining restaurant brand based in Spartanburg, SC, with over 70 years of history, focusing on providing value across various meal times [8]. - As of September 24, 2025, Denny's operates 1,459 global restaurants, with 1,397 being franchised [9].
Firefly Aerospace Adds Volta’s Wireless Power Receiver to Blue Ghost Mission on Far Side of the Moon
Globenewswire· 2025-12-10 14:00
Hosted onboard Firefly’s Blue Ghost lander, Volta’s LightPort will demonstrate technologies to survive the lunar night and support a lunar orbit power grid CEDAR PARK, Texas, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Firefly Aerospace (Nasdaq: FLY), a market leading space and defense technology company, today announced a new commercial payload agreement with Volta Space Technologies to host a wireless power receiver on Firefly’s Blue Ghost Mission 2 lander on the far side of the Moon. The payload will serve as a te ...
Treasure Global Raises USD 2,500,000 Through Registered Direct Offering of Common Stock
Globenewswire· 2025-12-10 14:00
KUALA LUMPUR, Malaysia, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced that it has entered into securities purchase agreement with certain institutional investors for the purchase and sale of 250,000 shares of its common stock, par value $0.00001 per share, in a registered direct offering, raising gross proceeds of USD 2,500,000, before deducting commissions and offering expenses. The cl ...
The turnover and expansion plans of Apranga Group in 2026
Globenewswire· 2025-12-10 14:00
Apranga Group plans to reach EUR 399 million turnover (including VAT) in 2026, or by 6.7% higher than expected the year 2025 turnover. In 2026 Apranga Group plans to renovate or open 7-11 stores. The net investment is planned to be around EUR 4-6 million. Rimantas PerveneckasApranga Group General Manager+370 5 2390801 ...