Hong Kong Autumn Electronics Fair and electronicAsia attract over 61,000 buyers for sourcing, business opportunities ACN Newswire

Hong Kong Autumn Electronics Fair and electronicAsia attract over 61,000 buyers for sourcing, business opportunities

Hong Kong, Oct 16, 2026 - (ACN Newswire via SeaPRwire.com) - The 46th Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and the 29th electronicAsia, jointly organised by the HKTDC and MMI Asia concluded successfully today. Over the four-day exhibition period, the two fairs attracted over 61,000 buyers from 141 countries and regions. Buyers from outside Hong Kong came mainly from the Chinese Mainland, India, Japan and the United States, among others, while buyer attendance from Kazakhstan, Brazil and other areas recorded encouraging growth, further reinforcing Hong Kong's role as an international trading hub and an important platform connecting global innovation and technology industries with international markets.The Hong Kong Electronics Fair (Autumn Edition) and electronicAsia concluded successfully today. The four-day fairs attracted over 61,000 buyers from 141 countries and regions who visited Hong Kong to source products and explore business opportunitiesThis year's Electronics Fair focused on three highlighted themes: AI & Robotics, Smart Wellness and NEXTEntertainment, with related products showcased across various thematic zones. electronicAsia also featured dedicated zones presenting electronic components, display technologies, printed circuit boards, electronic manufacturing services, and testing and measuring equipment, creating a comprehensive one-stop sourcing marketplace for the electronics industry.More than 130 exhibitors participated in the Smart Wellness sector, showcasing a wide range of products and solutions, including digital health devices, smart wearables, personal care technologies, gerontech and consumer electronics for healthy living. The strong participation reflects growing market demand for technology-enabled health management solutions and innovations that enhance quality of life.Silas Chu, HKTDC Associate Executive Director, said: "This year's Electronics Fair (Autumn Edition) and electronicAsia achieved a fruitful outcome, bringing together exhibitors, buyers, investors and industry players from around the world. The fairs generated strong sourcing momentum and facilitated numerous business deals and partnerships. As the industry continues to transform and upgrade, the role of trade fairs is also evolving, extending beyond traditional product showcases and sourcing activities to become important platforms for fostering innovation, industry exchange and cross-sector collaboration, while reinforcing Hong Kong's strengths as an international trade centre. The newly introduced Future Industries Zone attracted strong interest from technology companies, investors and buyers, while the GoGlobal Connect Zone and its related activities were also well received, reflecting strong demand from Chinese Mainland enterprises seeking to expand overseas and leverage Hong Kong's professional services. This highlights our city's unique role as a bridge connecting industries with global markets."This year's Autumn Electronics Fair introduces the new Future Industries Zone, spotlighting five key themes: Future Computing, Future Manufacturing, Future Marine & Quantum Technologies, Future Microelectronics, and Future Wellness. Pictured is exhibitor Lenovo showcasing a diverse range of innovative technologies and solutions.Mr Chu added: "As Hong Kong's October exhibition season continues, the HKTDC will organise a series of major exhibitions and conferences, including the Hong Kong International Lighting Fair (Autumn Edition), Hong Kong International Outdoor and Tech Light Expo, and Eco Expo Asia later this month. These events will create more cross-industry collaboration opportunities while leveraging Hong Kong's unique advantage in connecting the Chinese Mainland with international markets. They also align with the Hong Kong SAR Government's latest Policy Address and first Five-Year Plan which emphasise accelerating innovation and technology development, promoting AI adoption and strengthening Hong Kong's position as an international trade centre."Survey: over 80% of respondents optimistic about ASEAN and Middle East markets; AI emerges as a key growth driverAn independent research agency commissioned by the organisers interviewed over 1,150 buyers and exhibitors during the fairs. The survey found that 96% of respondents expected overall sales to increase or remain stable over the next 12 to 24 months, reflecting cautious optimism about the industry's medium-term market outlook.Respondents were particularly positive about future sales prospects in several areas, with the most promising growth opportunities identified in ASEAN (83%), the Middle East (83%) and Chinese Mainland (81%). The findings suggest that companies are actively diversifying their business footprint and exploring new growth markets.The adoption of artificial intelligence (AI) continues to accelerate in the electronics industry, with 74% of surveyed companies already applying or planning to apply generative AI technologies. The main areas of application include product design and development, data analysis and reporting, sales and customer engagement, as well as marketing and content creation. Meanwhile, nearly 60% of respondents identified AI as the technology expected to have the greatest impact on the industry over the next two years.The two fairs featured more than 3,200 exhibitors from 15 countries and regions. The HKTDC organised 130 buying missions involving buyers from 65 countries and regions, including companies such as Samsung Electronics and SSG.com from Korea, Karimex, Stetsom and Mondial from Brazil; Mercado Libre from Argentina; Garni Technology, Varitec Corp and Pan Pacific International from Czechia; Reichelt Elektronik from Germany; Taç Elektronik from Turkey; and Pixel Electric Ltd from Kenya, further reinforcing Hong Kong's role as a platform connecting international markets with innovative supply chains.RoboPark and Future Industries Zone take centre stageRoboPark and the Future Industries Zone were among the major highlights of this year's fairs, showcasing the latest advancements in AI, robotics, and other frontier technologies. This year's fairs featured more than 120 robots, primarily showcased at RoboPark at the Electronics Fair, demonstrating practical applications across four key areas: commercial and service industries, industrial and logistics operations, entertainment and social interaction, and healthcare and rehabilitation. Leading robotics companies from the Chinese Mainland took part, including UBTECH, AgiBot and DEEP Robotics, showcasing the latest achievements in bringing robotics technologies from R&D to commercial deployment and real-world applications.RoboPark expanded further this year and featured five interactive experience and demonstration zones. The photo shows Robot Dance Battle, where robots competed through precise movements and rhythm, demonstrating agility and advanced control capabilitiesBeijing Linkerbot Technology Co., Ltd. showcased the Hong Kong debut of its Linker Hand O30 Fully Direct-Drive Dexterous Hand, featuring sub-millimetre positioning accuracy and millisecond-level response speed, highlighting the potential of advanced robotic hands in humanoid robotics and industrial applicationsAmong the highlights was Booster Robotics, winner of the 2026 RoboCup World Championship, which showcased its championship-winning humanoid robot at the fairs. Yang Liuyang, APAC Sales Director of Booster Robotics, said: "We receive around 100 buyer visits every day from around the world, including Europe, Australia, and South American markets such as Brazil, Chile and Peru. This demonstrates the strong growth potential and commercial demand for humanoid robots in overseas markets. We are actively leveraging Hong Kong as a platform to expand our international business. We expect to appoint one to two distributors in Hong Kong this quarter, accelerating the commercialisation of our technologies and further expanding their applications in overseas markets."The newly launched Future Industries Zone spotlighted five key themes: Future Computing, Future Manufacturing, Future Marine & Quantum Technologies, Future Microelectronics, and Future Wellness. The zone brought together over 100 companies to showcase cutting-edge technologies and solutions. Among them was Hong Kong company Xeroptix Technology Limited, which presented core technologies serving as the "AI brain" for robots, offering integrated solutions spanning algorithms, software, hardware and chip design. Dr Steve Kong, Chief Technology Officer of Xeroptix Technology Limited, said the Future Industries Zone enabled innovation and technology companies to connect more effectively with industry partners while reaching investors, corporate users and international markets. During the exhibition, the company engaged with more than 50 potential clients from markets including Australia, the Middle East, Africa and Europe, many of whom expressed strong interest in its embodied AI technologies for robotics. “The exhibition has delivered encouraging results and is expected to generate potential orders worth over US$1 million,” Dr Kong said.Overseas exhibitors also leveraged the Autumn Electronics Fair to explore global business opportunities. First-time exhibitor Clevetura from Cyprus showcased its innovative input device that combines keyboard and touchpad functionalities, aiming to identify distribution partners and expand its international network. Co-founder Mike Krupenkov said: “Hong Kong serves as an important gateway to international markets. Through the fairs, we connected with a number of promising buyers from around the world, and the results have been highly encouraging.”The fairs brought together more than 120 young companies and start-ups, primarily located in the Startup Zone. Among them were numerous Hong Kong start-ups presenting their home-grown innovations to global markets. Hong Kong-based AI-powered news verification app developer Fliq achieved encouraging results in its debut participation. Its CEO and Co-founder Victor Nesteruk said: "Through the fairs, we connected with around 30 potential investors and business partners from markets including the Chinese Mainland, Brazil and Cyprus. We also arranged around 20 business meetings and secured two strategic cooperation opportunities. The fairs provide start-ups with an efficient platform to connect with international markets, and we will definitely participate again."In addition to business matching, the exhibition also helped start-ups explore business and fundraising opportunities through its Investment Matchmaking programme. Korea's Posco Investment attended the fair to explore strategic investment opportunities. The company's typical investment size for each project is around US$750,000. Olivia Park, Venture Capital Manager of Posco Investment, said: "We met with three to five high-potential technology companies and are currently conducting further due diligence and follow-up discussions with one start-up developing smart audio glasses for runners."The fairs featured numerous product debuts, with many companies choosing the platform to unveil their latest technologies and solutions to international buyers. Shenzhen-based VIGX Technology Co., Ltd. showcased the world's first pocket-sized AI-powered exoskeleton robot, overcoming the traditional limitations of bulky and cumbersome industrial exoskeletons. The product attracted strong interest from buyers, with nearly 1,000 visitors recorded during the first two days of the fair alone, including quality buyers from Europe, North America, and South American markets such as Argentina, Brazil and Chile. Wang Han, Overseas Sales Manager of VIGX, said: "The fair provides an ideal platform for us to showcase our latest innovations, accelerating the commercialisation of new technologies and their expansion into overseas markets. If market testing generates positive feedback, it could lead to volume purchases and potential orders worth around RMB1 million."Supporting Chinese Mainland enterprises in going globalThe HKTDC is one of the core members of the government-led GoGlobal Task Force. This year, the fairs featured the dedicated GoGlobal Connect Zone, offering support on financing, intellectual property, compliance, logistics and risk management to help Chinese Mainland enterprises leverage Hong Kong's international platform and professional services to connect with global markets. The zone received an enthusiastic response, attracting a large number of enquiries and registrations from businesses and professionals interested in expanding their overseas presence. At the same time, many Chinese Mainland technology companies actively used the fair as a springboard for global expansion.The fairs featured the dedicated GoGlobal Connect Zone, bringing together professional service providers to support enterprises with financing, intellectual property, logistics, compliance and risk management, helping Chinese Mainland companies expand into international markets through Hong KongAmong them was Huahon Data Technology, a provider of liquid-cooled AI computing systems and AI solutions, which worked to actively expand its international presence through the fair, successfully connecting with buyers and business partners from Asia, the Middle East and Europe. The company's CEO, Luo Hua, said: "Our global expansion strategy goes beyond selling hardware products. We are committed to building a comprehensive AI ecosystem and providing overseas customers with integrated solutions covering hardware, platforms and applications." The company is actively advancing its international development plans and intends to establish a registered company in Hong Kong within the next one to two months, positioning the city as a key base for its global expansion. The exhibitor added: “The HKTDC not only helped us connect with overseas buyers, but also actively introduced us to banks and financial institutions, supporting our financing activities in Hong Kong and our overseas expansion efforts."Global buyers actively source innovative productsThe fair attracted buyers from around the world to Hong Kong to source innovative technologies and advanced electronic products, with vibrant business discussions taking place throughout the exhibition. Cizar Abughazaleh, CEO of Dubai-based Action to Action, a company specialising in robot procurement and integration solutions for a wide range of service projects, visited the fair to source robots designed for interactive learning and educational applications. He said: "The fair brings together robots for a wide range of applications in a designated showcase area, enabling buyers to efficiently connect with and compare suppliers. We have purchased a dancing robot and a larger humanoid robot designed for testing and evaluation, helping us explore further collaboration opportunities for future projects."In addition to buyers from the Middle East, the fair attracted buyers from emerging markets such as Africa and South America, who travelled to Hong Kong to source innovative products and technologies. Masibo Levy Wafula, Managing Director of Kenya-based robotics and intelligent systems supplier Pixel Electric, successfully identified manufacturers from the Chinese Mainland at the fair and plans to procure smart metering and automation solutions worth around US$100,000 to support the upgrading of his business. Meanwhile, Fabio Marqui, Foreign Trade Manager of Hayamax, a major electronics wholesaler and distributor in Brazil as well as Toshiba's distributor in the country, said that in addition to finalising a US$200,000 order with an existing business partner during the visit, he had also held discussions with a number of new suppliers from Hong Kong, the Chinese Mainland and Taiwan, and expects to establish around four new business collaborations. His experience highlights the fair's strong appeal in bringing together global buyers and quality suppliers, while underscoring Hong Kong's unique role as a vital gateway connecting the Chinese Mainland with international markets.Over 100 events and 180+ international experts drive industry exchangeMore than 100 events were organised during the fairs, including forums, robotics demonstrations and performances. Over 180 industry leaders, experts and business representatives from around the world shared their insights. Among the highlights was a series of well-attended sessions focusing on GoGlobal activities with representatives from Hang Seng Bank, the Hong Kong Export Credit Insurance Corporation and other financial and professional service organisations examining key considerations for overseas expansion, including financing, risk management and business planning. Meanwhile, speakers from OCBC Bank (Hong Kong) shared the latest developments in ASEAN’s manufacturing ecosystem and corporate expansion strategies, providing practical insights for businesses seeking opportunities in the region.In addition, a wide range of forum sessions explored topics such as AI applications, digital transformation, industrial upgrading and cross-border business opportunities, attracting strong participation from industry professionals and reflecting keen market interest in innovation and emerging business opportunities. The RoboPark also featured exciting robot football matches, robot street dance performances and other live demonstrations, vividly showcasing the latest developments in real-world robotics applications. These activities added energy and a vibrant technology atmosphere to the fair, drawing large crowds of buyers and visitors.The Hong Kong Electronic Forum, co-organised by the HKTDC, MMI Asia Pte Ltd and the Hong Kong Electronic Industries Association, was themed “Future Tech: Powering Electronics Competitiveness with AI and Sustainable Innovation”. The forum explored innovation and development opportunities for the electronics industry in the AI era, providing valuable insights into emerging trends and future market opportunities.Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government, together with representatives from government, financial institutions, technology companies and professional services sectors, joined the "Finance Empowered and Go Global Summit" to discuss overseas expansion strategies, cross-border collaboration opportunities and new trends in financial empowermentThe "Future Technology - Future Scenarios - Future Talent" - Youth Scientists & Industry Application Scenario Matching Forum, organised by the HKTDC and the Hong Kong Electronics Industries Association and supported by the Innovation, Technology and Industry Bureau of the HKSAR Government and the Hong Kong Young Scientist Association, gathered young researchers, industry representatives and experts to explore technology commercialisation and future industry opportunities. Joining the event with other distinguished guests were Sun Dong (front row, fourth from left), Secretary for Innovation, Technology and Industry of the HKSAR Government; Sophia Chong (front row, fourth from right), Executive Director of the Hong Kong Trade Development Council; Dr Ge Ming (front row, second from left), Commissioner for Industry (Innovation and Technology) of the Innovation, Technology and Industry of the HKSAR Government; Paul So (front row, third from left), Chairman of the Hong Kong Electronic Industries Association; and Clara Chan (front row, third from right), Chief Executive Officer of the Hong Kong Investment Corporation LimitedThe Hall of Fame featured more than 560 renowned brands this year, including first-time exhibitors such as Aoni.The two fairs continued to adopt the EXHIBITION+ hybrid format, combining physical exhibitions with online business matching. In addition to attending the physical fairs, exhibitors and buyers also had access to the Click2Match smart business matching platform to conduct online meetings and sourcing activities. The online editions of both the Electronics Fair and electronicAsia will remain open until 23 October, extending business matching and collaboration opportunities worldwide.Photo download: https://bit.ly/4hNaRLXWebsites- Hong Kong Electronics Fair (Autumn Edition): https://www.hktdc.com/event/hkelectronicsfairae/en- electronicAsia: https://www.hktdc.com/event/electronicasia/enMedia enquiriesPlease contact the HKTDC's Communications & Public Affairs Department:Katy WongTel: (852) 2584 4524Email: katy.ky.wong@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgHKTDC Media Room: https://mediaroom.hktdc.com/enAbout HKTDC The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Cotecna Group Acquires Energon Labs, Strengthening Global Pharmaceutical Testing Capabilities and Expanding its Presence in India ACN Newswire

Cotecna Group Acquires Energon Labs, Strengthening Global Pharmaceutical Testing Capabilities and Expanding its Presence in India

GENEVA, Switzerland and HYDERABAD, India, Oct 16, 2026 - (ACN Newswire via SeaPRwire.com) - Cotecna, a leading provider of Testing, Inspection and Certification (TIC) services, today announced the acquisition of Energon Labs, a cGMP-compliant, USFDA-inspected, ISO 9001:2015 and ISO 17025:2017 certified analytical testing laboratory based in Hyderabad, India.The acquisition strengthens Cotecna's global Life Sciences platform and expands its pharmaceutical testing capabilities across the Pharmaceutical, Biopharmaceutical, Medical Device and Packaging sectors. Serving customers across India, the United States, Asia-Pacific, and the Middle East, Energon is recognized for its scientific excellence, regulatory expertise and commitment to quality.Strategically located in Hyderabad, one of the world's leading pharmaceutical and biotechnology hubs, Energon provides Cotecna with access to highly specialized scientific talent, advanced laboratory infrastructure and a well-established pharmaceutical ecosystem. India is also one of the world's fastest-growing pharmaceutical markets and a critical manufacturing hub for global healthcare supply chains.The acquisition enhances the Cotecna's ability to support both Indian and international customers with high-quality, regulatory-compliant testing services while delivering greater responsiveness, scalability and operational efficiency across key markets.The addition of Energon further complements Cotecna's growing pharmaceutical testing network which includes Cotecna Life Sciences, Shiva Analyticals and Neotron Pharma. Together, this capabilities strengthen the Group's ability to support customers throughout the product lifecycle and address evolving global quality, compliance and regulatory requirements.Energon offers a comprehensive portfolio of analytical testing and quality assurance services, including analytical method development and validation, stability studies, impurity profiling, extractables and leachables, glass delamination studies, peptides and oligonucleotide characterisation, raw material and finished product testing, in-vitro binding studies, packaging compatibility studies, and regulatory support services. These capabilities will further strengthen Cotecna's position as a trusted partner to pharmaceutical manufacturers serving regulated markets worldwide.Sébastien Dannaud, Chief Executive Officer of Cotecna Group, commented: “We are pleased to welcome Energon Labs to the Cotecna Group. This acquisition represents another important step to support our ambition to become one of the largest providers of Life Sciences testing services in India,and strengthens our position in one of the world's most important pharmaceutical markets.”Amit Chopra, CEO South Asia and Middle East, Cotecna Group, added: "I am delighted to welcome Manikanth Reddy and the talented team of Energon Labs to the Cotecna group. This acquisition aligns perfectly with our strategy of building a comprehensive pharmaceutical testing ecosystem across key growth markets. Energon's strong technical capabilities, experienced team and established customer relationships will enhance our ability to serve pharmaceutical, biopharmaceutical and medical device companies across India and globally. Together, we are creating a stronger platform to support the evolving needs of the pharmaceutical and healthcare sectors. "Manikanth Reddy, Founder, Energon, said: "Joining the Cotecna Group opens an exciting new chapter for Energon Labs. Over the years, we have focused on building a laboratory recognized for quality, scientific expertise and reliability. Becoming part of a global organization like Cotecna provides new opportunities to expand our capabilities, strengthen our service offerings and deliver even greater value to our customers. Our team remains committed to maintaining the highest standards of analytical excellence while supporting the continued growth of the life sciences industry.”About Energon LabsEnergon Labs is a cGMP-compliant, USFDA-inspected, ISO 9001:2015 and ISO 17025:2017 certified analytical testing laboratory located in Hyderabad, India. The company provides comprehensive analytical testing, quality assurance and regulatory support services to pharmaceutical, biopharmaceutical, medical device and packaging industries, serving customers across India, the United States, Asia Pacific and the Middle East.About CotecnaFounded in Switzerland in 1974, Cotecna is a leading provider of Testing, Inspection and Certification services. With operations in more than 55 countries, Cotecna helps clients ensure quality, safety, compliance and sustainability across global supply chains. The Group serves customers across agriculture and food, pharmaceuticals, minerals and metals, consumer products, certification and ESG services through a worldwide network of experts, laboratories and technical specialists. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Alkagesta Advances ESG Commitments Across Asian and European Markets Amid Record Trading Performance ACN Newswire

Alkagesta Advances ESG Commitments Across Asian and European Markets Amid Record Trading Performance

SINGAPORE, Oct 16, 2026 - (ACN Newswire via SeaPRwire.com) - As energy commodity markets grew more volatile and complex throughout 2026, Alkagesta has advanced a series of environmental, social, and governance commitments across its global trading platform — reflecting a conviction that responsible growth and commercial growth are not in tension, but are built on the same foundations.ESG: Responsible Trading Across Asian and European MarketsAmong the most distinctive of those commitments is the investment by Alkagesta in Clean Caspian, an environmental research start-up developing technologies to contain oil spills and separate oil from contaminated water in enclosed marine ecosystems. Alkagesta invested in the project in May 2026, recognising that as a trader of petroleum products, oil spill risk is one of the most material environmental exposures associated with its business.In September 2026, the Clean Caspian team completed Phase I of its research, identifying two formulations for oil spill response — a two-stage approach combining a surface-localising reagent with a flocculant-coagulant to enable more efficient oil-water separation. Phase II will optimise both formulations, test them under different environmental conditions, and progress patent applications.Across sustainable fuels, Alkagesta secured a five-year feedstock offtake agreement for Used Cooking Oil and a multi-year biofuel storage agreement at Pantank in Antwerp, bringing total storage capacity across Europe and Asia to 700,000 m³. Alkagesta holds ISCC EU and ISCC CORSIA certifications, underpinning the ability to trade and supply certified sustainable fuels across aviation and marine sectors.The ESG Framework governing these commitments is publicly available on the Alkagesta website. In 2026, the company also received the EcoVadis Committed Badge — an independently assessed recognition of sustainability performance across environmental, social, ethical, and procurement dimensions. For Alkagesta, ESG is not a reporting exercise — it is a framework for managing the real risks that come with trading energy commodities across approximately 48 countries, and for building the long-term institutional relationships on which sustainable growth depends.Those commitments are not separate from the commercial business — they are embedded in how it operates. Nowhere is that clearer than in Singapore, where Alkagesta has built a marine fuels hub from the ground up over the past year, combining rapid commercial growth with the risk management and compliance standards that define the company's approach across all markets.Singapore: A Market Position Built from the Ground UpEstablished under Alkagesta Asia Pte in July 2025, the Singapore hub reached monthly delivered volumes of approximately 250,000 metric tonnes — around 5% of Singapore's marine fuels market — within its first full year of operations. First-half 2026 revenue from the hub reached $1.01 billion, representing approximately 171% growth versus the full year 2025, with 1.65 million metric tonnes delivered — up 104% from 0.81 million metric tonnes across the full year 2025.The performance was built on a deliberate infrastructure-first approach: securing storage capacity at Horizon Terminal, developing a distribution business in the short market, and assembling a team of trading, operations, and finance professionals capable of operating through one of the most complex periods in recent marine fuels market history. The hub navigated significant prompt availability constraints, elevated freight rates, and Persian Gulf supply friction throughout the year — emerging with a stronger commercial position and a deeper network of counterparty relationships.These results form part of a record first half for Alkagesta globally. Group revenue reached $3.5 billion in the first half of 2026, with trading volumes rising 53% year on year to 4.9 million metric tonnes. Full-year 2026 group volumes are expected to exceed 10 million metric tonnes, building on a record 2025 financial year in which Alkagesta generated $4.7 billion in revenue.Orkhan Rustamov, Founder and Chief Executive Officer of Alkagesta, commented: "These results reflect the progress we have made through a measured and disciplined approach to growth. Despite significant volatility across global commodities markets, our focus has remained on serving our clients reliably and building our business on strong, long-term relationships. We will continue to grow strategically, step by step, strengthening our presence in the markets where we operate and ensuring that our communication lines, capabilities and regional networks remain resilient."Media contactBrand: AlkagestaContact: Media teamWebsite: https://www.alkagesta.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Casa Minerals Announces Closing of Second Tranche of Private Placement ACN Newswire

Casa Minerals Announces Closing of Second Tranche of Private Placement

Vancouver, BC, Oct 16, 2026 - (ACN Newswire via SeaPRwire.com) - Casa Minerals Inc. (TSXV: CASA) (OTCQB: CASXF) (FSE: 0CM) (the "Company" or "Casa") is pleased to announce the closing of the second tranche of its previously announced non-brokered private placement (the "Offering"). Pursuant to the second tranche, the Company issued an aggregate of 5,800,000 flow-through units ("FT Units") at a price of $0.10 per FT Unit for gross proceeds of $580,000 and 5,552,129 units (the "Units") at a price of $0.07 per Unit for gross proceeds of $388,649, for aggregate gross proceeds of $968,649.Each FT Unit consists of one flow-through common share of the Company (a "Flow-Through Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable at a price of $0.15 per common share until October 15, 2028.Each Unit consists of one common share of the Company and one common share purchase warrant (each, a "Unit Warrant"). Each Unit Warrant is exercisable at a price of $0.15 per common share until October 15, 2028.All Flow-Through Shares, common shares and Warrants comprising the FT Units and Units, respectively, will be subject to a hold period of four months and one day from the date of issuance, expiring February 16, 2027, during which period any resale or other transfer will be restricted in accordance with applicable securities laws.Net proceeds from the Offering will be used for exploration and development activities on the Company's projects BC, Canada.The Company paid $41,173 in finders fees, which were paid in cash, and issued 361,757 non-transferable finder's warrants (the "Finder's Warrants") as part of the first tranche of the Offering. Each Finder's Warrant entitles the holder to purchase one common share (a "Finder Share") at an exercise price of $0.15 per Finder Share for a period of two years from the date of issuance of the Finder's Warrant.The completion of the private placement remains subject to approval of the TSX Venture Exchange.Following the closing of the second tranche, the Offering remains open and the Company may close additional tranches, subject to receipt of all necessary regulatory and TSXV approvals.None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.Contact Information Farshad ShirvaniChief Executive Officer Phone: (604) 678-9587Email: company@casaminerals.comCautionary Note Regarding Forward-Looking StatementsThis news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds from the Offering, the planned drilling program, future closings of the Offering, receipt of TSXV approval, and the Company's exploration plans. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions; the availability of additional exploration and mineral project financing; and TSXV approval.There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include exploration or other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/319343 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Black Spade bringing Squid Game: The Experience to Southeast Asia ACN Newswire

Black Spade bringing Squid Game: The Experience to Southeast Asia

Hong Kong/Jakarta, Oct 16, 2026 - (ACN Newswire via SeaPRwire.com) - Black Spade is pleased to announce its role alongside Kingsmen Xperience in bringing Netflix’s Squid Game: The Experience to Indonesia with local operator SideQuest Worlds, part of PT Vista Adhya Paragon, bringing expertise in media and immersive entertainment.Opening on 16 October 2026 at Agora Mall in Jakarta’s Thamrin Nine complex, home to Indonesia’s tallest building, it is the first Squid Game: The Experience in Southeast Asia, bringing the acclaimed series to life through immersive environments and interactive challenges.Spanning more than 1,900 square metres, the Jakarta attraction features games inspired by the series, themed environments, photo zones and food and beverage offerings. Following editions in New York, Madrid, Seoul, London, Sydney and Tokyo, it brings the global entertainment experience to Indonesian audiences and visitors from across the region.Photo Caption:From the left: Jonny Moran (Netflix), Corey Redmond (Kingsmen), project representative, Hardie Widarma (SideQuest Worlds), Andrew Chin (SideQuest Worlds), and Dennis Tam (President and CEO of Black Spade)About Black Spade Capital LimitedBlack Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd. The second SPAC of Black Spade, Black Spade Acquisition II Co, completed a business combination with global media and entertainment powerhouse The Generation Essentials Group in about 9 months’ time in June 2025. Its third SPAC, Black Spade Acquisition III Co in August 2026, announced the signing of a business combination agreement with Astrum Space Inc, a satellite communications company developing a wholesale satellite-to-device (“S2D”) broadcast and data-distribution network.Media Enquiries:Strategic Financial Relations LimitedVicky LeeTel: +852 2864 4834Email: vicky.lee@sprg.com.hkIris Au YeungTel: +852 2114 4913Email: iris.auyeung@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Islamic Finance Takes Center Stage as a Driver of Sustainable Economic Growth at Global Forum ACN Newswire

Islamic Finance Takes Center Stage as a Driver of Sustainable Economic Growth at Global Forum

BANGKOK, Oct 16, 2026 - (ACN Newswire via SeaPRwire.com) - PT Bank Syariah Nasional (Bank BSN) reaffirmed its commitment to strengthening the role of Islamic finance in promoting sustainable development and global economic resilience. This commitment was highlighted by Bank BSN Deputy President Director Arga M. Nugraha during an international forum held on the sidelines of the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Bangkok, Thailand, on Wednesday (October 14).Bank BSN Deputy President Director Arga M. Nugraha at the the forum themed "Islamic Finance: From Crisis Resilience to Transition Finance in 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Bangkok, Thailand, on Wednesday.The forum, themed "Islamic Finance: From Crisis Resilience to Transition Finance," was jointly organized by the Islamic Bank of Thailand (ibank) and the International Islamic Economics and Finance Conference for Sustainable Development (IFESDC). The event brought together approximately 150 participants from across ASEAN, Africa, and the Middle East.During the panel discussion, Arga shared insights into strategies for strengthening the resilience of Islamic banking amid economic volatility and crises. He emphasized the importance of shifting financing models toward greater adoption of profit-and-loss-sharing arrangements, strengthening impact measurement in financing activities, and enhancing cross-border collaboration."The exchange of ideas and international dialogue must continue, and we must sustain this momentum, particularly to help reduce fragmentation in ASEAN's Islamic financial markets," Arga said.Arga further noted that regional integration and interoperability among Islamic financial markets are essential to expanding access to inclusive financial services for more than 250 million Muslims across ASEAN. In this regard, Bank BSN remains committed to actively participating in strategic dialogues and collaborative initiatives aimed at strengthening the region's Islamic finance ecosystem.In his opening remarks, His Excellency Arun Boonchom, Sheikhul Islam of Thailand, emphasized that Islamic finance is rooted in the objectives of Shariah (Maqasid al-Shariah), which uphold social justice, equality, transparent risk-sharing, and the preservation of wealth for the common good.The panel discussion, moderated by IFESDC representative Murniati Mukhlisin, also featured Islamic Bank of Thailand President Thaweelap Rittapirom and INCEIF University President Mohd. Azmi Omar as speakers.The panelists agreed that Islamic financial instruments, including sukuk, as well as profit-and-loss-sharing and risk-sharing arrangements based on musharakah and mudarabah, have significant potential to mobilize financing for renewable energy, sustainable infrastructure, and small and medium-sized enterprises (SMEs).The forum also underscored the importance of integrating Islamic social finance instruments, particularly zakat and waqf, into the broader financial ecosystem to strengthen social protection and support poverty alleviation efforts.In his remarks, Islamic Development Bank (IsDB) Group Chairman Muhammad Sulaiman Al Jasser emphasized that the future success of the Islamic finance industry should not be measured solely by asset growth. Its tangible contributions to public welfare and community resilience must also serve as key indicators of success.As a follow-up to the forum, ibank, as the host institution, will develop a set of policy recommendations titled the "Bangkok Policy Note." These recommendations are expected to provide a framework for advancing Islamic transition finance by strengthening institutional resilience, expanding financial inclusion, and enhancing the integration of ASEAN's Islamic finance ecosystem with global financial markets.Source: Bank Syariah Nasional Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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OMP and Eastman Show Decision Velocity in Practice at Gartner Supply Chain Planning Summit 2026 ACN Newswire

OMP and Eastman Show Decision Velocity in Practice at Gartner Supply Chain Planning Summit 2026

ATLANTA, GA, Oct 15, 2026 - (ACN Newswire via SeaPRwire.com) - OMP, a leader in AI-powered supply chain planning, is bringing Eastman to the Gartner Supply Chain Planning Summit 2026 in Denver, CO (November 2-3) to showcase decision velocity in practice. The global specialty materials company will show how it connected its long-term, mid-term, and short-term planning horizons into one cycle.Eastman on connecting its planning horizonsIn a session at the summit, Sachin Kothari, Manager IBP Excellence at Eastman, and Abhi Patel, Chief Business Operations Officer at OMP, will explain how Eastman moved from three planning horizons that each ran on their own schedule to one connected cycle linking long-, mid-, and short-term planning on a shared view of the value chain. The session also covers what got in the way of the shift and closes with the impact Eastman measured, along with recommendations for supply chain leaders whose planning still relies on handoffs.Meet OMP and explore planning transformation for decision velocityOMP will be on-site throughout the Gartner Supply Chain Planning Summit 2026 (Nov 2-3) at booth 205, showing how Unison Planning™ and UnisonIQ help organizations move toward always-on, decision-centric supply chain orchestration. See how integrated planning, enhanced by the latest AI advancements, drives faster scenario evaluation, stronger collaboration, and measurable business results.Sessions at a glanceEastman sessionTitle: One planning cycle: How Eastman connected horizons to improve decision velocitySpeakers:Sachin Kothari, Manager, IBP Excellence, EastmanAbhi Patel, Chief Business Operations Officer, OMPWhen: Monday, November 2, 2026, 4:45 PM MSTTo see where you can meet OMP next, visit our events calendar.About OMPOMP helps companies facing complex planning challenges to excel, grow, and thrive by offering the best digitized supply chain planning solution on the market. Hundreds of customers in a wide range of industries - spanning consumer goods, life sciences, chemicals, metals, paper, and packaging - benefit from using OMP's unique Unison Planning™.Solution and product inquiriesContact OMP+32 3 650 22 11Media inquiriesKira Perdue (Carabiner) - kperdue@c-linkcommunications.comSOURCE: OMP Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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OpenWorld Signs Term Sheet to Finance Solar-Powered, Distributed AI Computing Network Initially Integrated with Residential Battery Storage with Tokenized Financing Program of up to $1 Billion ACN Newswire

OpenWorld Signs Term Sheet to Finance Solar-Powered, Distributed AI Computing Network Initially Integrated with Residential Battery Storage with Tokenized Financing Program of up to $1 Billion

LAKE MARY, Fla., October 15, 2026 - (ACN Newswire via SeaPRwire.com) - OpenWorld, Inc. (“OpenWorld” or the “Company”) (NASDAQ: OPNW), an innovation company advancing global real-world asset (“RWA”) tokenization, today announced that it has entered into a non-binding term sheet with Meridian to establish a tokenized financing program of up to $1 billion to fund the purchase and deployment of a distributed AI computing network powered by on-site solar energy and residential battery storage. Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the program, and its OpenWorld Enterprise platform will finance and operate the orchestration of the network. The news follows recent OpenWorld tokenized financing announcements, including a proposed transaction to transform BeyondAI’s industrial AI intellectual property rights into financeable collateral on OpenWorld’s tokenization platform.Key HighlightsMeridian founded by Josh Raffaelli: Raffaelli was involved early in Tesla, Solar City, and SpaceX while at DFJ and Silver Lake. Up to $1 billion in tokenized financing: OpenWorld structures and administers the tokenized financing program on OpenWorld Enterprise. Residential battery storage, solar panels and AI computing equipment form the asset base of the structure.Meridian’s role: Meridian holds purchase rights to Powerwall residential battery storage systems for the program and will own the storage assets within the structure.AI inference without new data centers: AI providers pay to run trained models on the network with no new centralized data-center sites, no additional grid interconnections and no water-based cooling. The program is intended to supply capacity to one or more leading AI inference providers.Initial deployment of 10,000 homes: Compute nodes at participating homes, with larger installations at local schools, hospitals and local commercial campuses.Hosts get paid: Homeowners receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts receive a share of site revenue and backup power.Timeline: Initial installations scheduled to begin in the fourth quarter of 2026; first commercial site targeted for the first quarter of 2027.“Access to power is a major constraint on the growth of AI infrastructure,” said Matt Shaw, CEO and Chairman of OpenWorld. “By bringing computing equipment to homes and commercial properties through solar generation and battery storage, we can build AI capacity closer to the power source instead of waiting years for a grid connection. Our term sheet with Meridian brings together the tokenization, financing and operating capabilities needed to develop this network at scale, and it shows what OpenWorld Enterprise is built to do: turn real-world assets into financeable, on-chain infrastructure.”“Residential battery storage is the foundation of this program,” said Josh Raffaelli, founder of Meridian and clean energy investor. “OpenWorld will help us finance the equipment, turning solar generation and battery storage at participating properties into infrastructure that can serve growing demand for AI computing.”Solving the Power Problem in AI InfrastructureAccess to power is a growing constraint on AI infrastructure. New data centers face lengthy grid interconnection timelines, local opposition and significant water demands. The planned network of home-hosted, distributed AI inference computing would place compute nodes at participating homes and larger installations at local schools, hospitals and commercial campuses, each powered by on-site solar generation and battery storage. AI providers would pay to use this computing capacity for inference, the process of running trained AI models, without requiring new centralized data-center sites, additional grid connections or water-based cooling.Participating homeowners would receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts would receive a share of site revenue and backup power.How the Program WorksMeridian, a privately held Delaware limited liability company, holds purchase rights to residential Tesla Powerwall battery storage systems for the program. The program’s initial deployment is planned for 10,000 homes.Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the financing program. OpenWorld will establish and administer the tokenized financing structure on its OpenWorld Enterprise platform. The financing would support Meridian’s purchase of residential battery storage systems, as well as the purchase by OpenWorld or a subsidiary of solar panels and associated AI computing equipment, all of which will be used within the structure.OpenWorld is also developing an integrated system to support each installation. The OpenWorld Enterprise platform will monitor equipment performance and provide investors with reporting on the underlying assets. The program is intended to supply computing capacity to one or more leading AI inference providers. Test installations are scheduled to begin in the fourth quarter of 2026, with the first commercial site targeted for the first quarter of 2027.Non-Binding AgreementThe Term Sheet is non-binding, except for the provisions expressly stated to be binding, and the proposed transaction remains subject to the completion of confirmatory due diligence, negotiation and execution of definitive documentation, satisfaction of applicable conditions and completion of the contemplated transaction. There can be no assurance that the proposed transaction will be consummated on the terms described or at all.An earlier draft of this press release was inadvertently issued to a limited number of wire services the morning of October 14, 2026 (“Draft Release”). Investors are cautioned to disregard the Draft Release and not to place any reliance on the Draft Release.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “expected,” “would,” “will,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify forward-looking statements. These include statements about the proposed engagement, the size, timing and structure of the financing program, the Distributed Inference Program and anticipated offtake arrangements. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Those risks include failure to execute definitive agreements, market conditions, regulatory developments affecting tokenized securities, tax law changes and the risks described in OpenWorld’s Annual Report and Quarterly Reports filed with the SEC, including under the heading titled “Risk Factors.” OpenWorld undertakes no obligation to update these statements except as required by law.No Offer or SolicitationThis press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any 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.About OpenWorldOpenWorld, Inc. (NASDAQ: OPNW) is a technology-powered digital assets and blockchain innovation company that co-architects and takes principal positions in enterprise blockchain initiatives alongside sovereign governments, institutional partners and major enterprises. Since its founding in 2023, OpenWorld has advised on projects representing over $66 billion in aggregate network value and supported more than 20 companies backed by leading global venture firms, including a16z, Multicoin Capital, Dragonfly and Founders Fund. OpenWorld’s capabilities span real-world asset tokenization, stablecoin infrastructure, capital markets advisory, governance structuring and public markets strategy, with active engagements across the United States, Gulf, Europe, Southeast Asia and Africa. To learn more, visit openworld.dev and follow OpenWorld on X at @_openworld. About MeridianMeridian is a privately held Delaware limited liability company that develops and finances residential battery storage for distributed energy and computing programs.ContactsInvestorsir@openworld.dev MediaGasthalter & Co.Phone: (212) 257-4170Email: openworld@gasthalter.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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SenesTech Reports Record Preliminary Third Quarter Revenue Exceeding $1 Million, the Highest in Company History, with 40% Sequential Growth ACN Newswire

SenesTech Reports Record Preliminary Third Quarter Revenue Exceeding $1 Million, the Highest in Company History, with 40% Sequential Growth

SURPRISE, Ariz., Oct. 15, 2026 - (ACN Newswire via SeaPRwire.com) - SenesTech, Inc. (NASDAQ: SNES), the leader in rodent birth control and sustainable rodent population management, today announced preliminary revenue results for the third quarter of 2026. The Company plans to release its definitive third quarter financial results the week of November 9, 2026.Preliminary third quarter 2026 revenue was approximately $1.1 million, representing approximately 40% growth compared with the second quarter of 2026 and approximately 55% growth compared with the third quarter of 2025. It was also the Company’s first quarter at or above the $1 million revenue threshold, a key milestone.The Company expects its definitive third quarter financial results to reflect continued momentum in e-commerce, including higher subscription revenue, which is expanding the recurring component of SenesTech’s revenue base, as well as increasing traction in B2B.“Our preliminary third quarter revenue marks an important milestone for SenesTech, reaching the $1 million threshold for the first time and setting a second consecutive quarterly record,” said Michael Edell, Chief Executive Officer of SenesTech. “This is another quarter demonstrating progress on the plans and strategies we have previously announced, and our full third quarter financial results are expected to reflect that progress across the commercial model we have been building. E-commerce continues to scale as a controllable, data-driven acquisition engine, our vertical-focused B2B organization is gaining traction, and higher subscription revenue is expanding our recurring revenue base and improving the quality and visibility of revenue.”“We still have work to do, but we believe this is a clear indication that we are on the right path. We continue to lay the foundation for a much larger company in the future by working to expand e-commerce and B2B significantly in a cost-effective manner. With many of the investments and transition costs incurred earlier in the year increasingly behind us, coupled with strong revenue growth and improved unit economics, we expect continued, improved metrics going forward,” Edell concluded.The preliminary third quarter 2026 revenue presented in this release is unaudited, preliminary and subject to adjustment, and remains subject to completion of the Company’s quarter-end closing procedures.About SenesTechSenesTech is the leader in rodent birth control and sustainable rodent population management, with a mission to support a healthier environment through the responsible management of animal pest populations. The Company's Evolve® and ContraPest® fertility control solutions, along with its assessment and monitoring services, target reproduction to help reduce rodent populations. SenesTech serves consumer and professional markets with proven approaches that can be used independently or as part of an integrated pest management (IPM) program.For more information, visit https://senestech.com. Forward-Looking StatementsThis 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, which are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include statements regarding the Company’s expected third quarter 2026 revenue, anticipated momentum in e-commerce and increasing traction in B2B, expected progress across the Company’s commercial model, and anticipated continued, improved metrics going forward. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “should,” “will” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include the risk that the Company may not realize the benefits expected from its e-commerce, B2B and subscription strategies, or be successful in commercialization of its products, realize sufficient market acceptance of its products, or capitalize on market opportunities and accelerate growth; the risks of establishing an entirely new product category, including the time, expense and uncertainty of building market awareness and customer acceptance; the risk that the Company may not be able to build and scale a professional B2B sales organization and to execute a vertical-market strategy; risks related to the Company’s financial performance, including its ability to fund operations and potentially using cash at times and in ways other than as planned; and risks related to regulatory approval and regulation of the Company’s products. These and other risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including under “Risk Factors” in its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, and subsequent Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by law, SenesTech undertakes no obligation to update or revise any forward-looking statement.Contacts:Investor: Robert Blum, Lytham Partners, LLC, 602-889-9700, senestech@lythampartners.com Company: Tom Chesterman, Chief Financial Officer, SenesTech, Inc., 928-779-4143 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Focus Graphite Advances Lac Knife Toward Construction Readiness with Up to C$1.93 Million in Combined Government Infrastructure Support ACN Newswire

Focus Graphite Advances Lac Knife Toward Construction Readiness with Up to C$1.93 Million in Combined Government Infrastructure Support

Ottawa, Ontario, Oct 15, 2026 - (ACN Newswire via SeaPRwire.com) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company"), a Canadian developer of high-grade flake graphite deposits and advanced graphite materials for battery, defence, and industrial applications, is pleased to announce the engagement of Construction & Expertise PG ("PG") to advance geotechnical investigations and detailed engineering for the proposed all-season access road to its flagship Lac Knife Graphite Project ("Lac Knife" or the "Project") in Quebec.The engagement marks an important step toward construction readiness and forms part of a broader infrastructure initiative supported by up to C$1,932,750 in combined non-dilutive federal and provincial funding. This includes newly approved non-repayable financial assistance of up to C$554,050 from the Societe du Plan Nord ("SPN"), representing 50% of eligible access road planning and development costs under its Northern Infrastructure Fund in Support of the Mining Sector (Enveloppe nordique d'infrastructures en appui au secteur minier), and previously announced support of up to C$1,378,700 from Natural Resources Canada ("NRCan") through its First and Last Mile Fund ("FLMF"). The provincial contribution is dedicated exclusively to the access road, while the federal funding supports pre-construction planning for both the road and the electrical infrastructure required to connect Lac Knife to Hydro-Quebec's power network.Together, these complementary investments are helping advance the transportation and energy infrastructure necessary for Lac Knife's development while allowing the Company to preserve capital for its broader project development and advanced materials strategy.Advancing Lac Knife's Access Road Toward Construction ReadinessThe proposed all-weather gravel access road will connect the Lac Knife Project site to Highway 389, providing reliable year-round access to support future mine construction, personnel transportation, equipment mobilization and the eventual transportation of graphite concentrate. PG's mandate encompasses geotechnical and geophysical investigations, subsurface characterization, evaluation of construction materials and engineering activities required to advance a construction-ready access road design. Key deliverables will include preliminary and final engineering drawings, technical specifications, a bill of quantities, detailed cost estimates, a construction schedule and tender documents to support future construction planning and procurement.The program includes:Approximately eleven (11) kilometres of geophysical investigations using seismic refraction and multichannel analysis of surface waves (MASW), including associated data processing, interpretation and technical reporting.Approximately sixty (60) geotechnical test pits along the proposed road corridor to characterize subsurface conditions, assess soil and foundation properties, and inform road design requirements.Reconnaissance and sampling of potential borrow material sources, supported by laboratory testing of foundation soils and construction materials to evaluate their suitability for road construction.Targeted geotechnical drilling at critical locations along the proposed road corridor, where warranted by field investigation results and subject to additional authorization.High-resolution drone-based topographic surveys of the proposed road corridor and any revised alignments, to support final engineering design and future construction planning.Development of geotechnical profiles, pavement design recommendations and associated technical reporting to support detailed road and drainage engineering.The field investigation program has advanced substantially, generating critical technical data to refine engineering designs, optimize construction requirements and support the next phase of project development."Infrastructure is what transforms a mineral resource into a strategic asset," said Dean Hanisch, Chief Executive Officer of Focus Graphite. "With PG advancing the technical work required for our access road, we are translating project planning into tangible steps towards construction readiness. The support of the Governments of Québec and Canada allows us to advance this essential infrastructure while maintaining a disciplined approach to capital allocation and project development."The coordinated advancement of road access and grid connection planning is intended to strengthen Lac Knife's development readiness, reduce infrastructure-related uncertainty and establish the technical foundation for future construction."Support from two levels of government for complementary infrastructure initiatives underscores the strategic importance of advancing Lac Knife," said Jason Latkowcer, Vice President, Corporate Development of Focus Graphite. "We are systematically removing barriers to development, reducing risk and strengthening Lac Knife's investment case, while leveraging non-dilutive funding to minimize shareholder dilution."Responsible Infrastructure DevelopmentThe Lac Knife Project is located on the Nitassinan, the ancestral lands of the Innu Takuaikan Uashat mak Mani-utenam ("ITUM"). Focus has maintained a collaborative relationship with ITUM since entering into a Pre-Development Agreement in 2014 and continues to advance project planning in collaboration with the community.The Company's infrastructure strategy prioritizes the use of existing transportation corridors wherever practical, with the objective of minimizing new environmental disturbance while supporting responsible project development.The proposed access road and electrical connection are fundamental components of Lac Knife's long-term development strategy. Together, they are intended to establish reliable year-round access and support the transition toward grid-connected mining and processing operations.Lac Knife hosts one of North America's highest-grade natural graphite deposits and serves as the upstream foundation of Focus Graphite's strategy to establish an integrated advanced graphite materials platform serving battery, defence, nuclear energy and advanced manufacturing supply chains.Qualified PersonThe technical content disclosed in this news release was reviewed and approved by Richard Pearce, PE, President of Brasil Insight Capital LLC., a consultant to the Company, and a qualified person as defined under National Instrument NI 43-101.About Construction & Expertise PG Construction & Expertise PG Inc. (PG) is an integrated engineering, construction and industrial maintenance company serving the mining and industrial sectors across Quebec and Newfoundland and Labrador. Founded in 2006, PG has grown to more than 400 employees, with a permanent engineering office and laboratory in Wabush supporting the surrounding mining region. PG's approach goes beyond traditional consulting and contracting. The company believes successful mining projects are built on strong relationships, trusted partnerships, safe execution and quality work. By bringing engineering, technical services and construction capabilities together under one organization, PG works alongside its clients as a long-term regional partner, from project development and technical investigation through construction and operations.For more information on Construction & Expertise PG Inc. please visit https://pgconstruction.ca/en.About Focus Graphite Inc.Focus Graphite is building an integrated graphite platform to supply the industries shaping the future. Through the development of world-class graphite resources, advanced processing technologies and higher-value advanced materials, the Company is positioning itself to support battery, defence, advanced manufacturing and other strategic industries across North America and allied markets.The platform is anchored by the Company's two 100%-owned graphite assets in Quebec. Lac Knife is one of North America's highest-grade feasibility-stage graphite deposits, while Lac Tetepisca is one of the largest identified graphite resources globally. Together with strategic technology partnerships and government-supported innovation initiatives, these assets provide the foundation for a secure, scalable and increasingly integrated graphite supply chain.For more information on Focus Graphite Inc. please visit http://www.focusgraphite.comLinkedIn: https://www.linkedin.com/company/focus-graphite/Facebook: https://www.facebook.com/focusgraphite X: https://x.com/focusgraphiteInvestors Contact: Dean Hanisch CEO, Focus Graphite Inc. dhanisch@focusgraphite.com +1 (613) 612-6060Jason LatkowcerVP Corporate Developmentjlatkowcer@focusgraphite.comCautionary Note Regarding Forward-Looking StatementsCertain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could," "intend," "expect," "believe," "will," "projected," "estimated," and similar expressions, as well as statements relating to matters that are not historical facts, are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions as to the outcome and timing of such future events.In particular, this press release contains forward-looking information regarding, among other things: the engagement of Construction & Expertise PG and the anticipated completion of its geotechnical investigations, geophysical surveys, subsurface characterization, engineering studies and detailed road and drainage designs; the anticipated receipt and use of funding from the Société du Plan Nord and Natural Resources Canada's First and Last Mile Fund; and the completion of planning, engineering, environmental studies, route optimization, permitting and design activities associated with the proposed all-season access road and Hydro-Quebec electrical connection.Such forward-looking information also includes the advancement of the Lac Knife Graphite Project toward permitting, construction readiness and future development; the anticipated benefits of the proposed access road and related infrastructure planning, including improved year-round access, enhanced project readiness, reduced infrastructure-related development risk and support for future mine construction and operations; and the Company's ongoing collaboration with Innu Takuaikan Uashat mak Mani-utenam (ITUM), including project planning activities and the proposed use of existing transportation corridors wherever practical. Additional forward-looking information includes the Company's ability to satisfy the terms and conditions of applicable funding agreements and obtain the full amount of committed government support; the timing and outcome of regulatory approvals, permitting processes and future development decisions; the Company's ability to secure additional financing, government support, strategic partnerships and offtake arrangements; the future construction, development and operation of the Lac Knife Graphite Project; and the Company's strategy to develop an integrated advanced graphite materials platform serving battery materials, defence, nuclear energy and advanced manufacturing supply chains in North America and allied markets.The completion of detailed engineering and final infrastructure designs does not constitute authorization to commence construction, which remains subject to applicable permits, regulatory approvals, financing arrangements and future development decisions. The Company anticipates providing further updates, as appropriate, as the project progresses through subsequent design, permitting, financing and contracting phases.Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, risks related to market conditions, regulatory approvals, changes in economic conditions, the ability to raise sufficient funds on acceptable terms or at all, operational risks associated with mineral exploration and development, and other risks detailed from time to time in the Company's public disclosure documents available under its profile on SEDAR+.The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties, and assumptions contained herein, investors should not place undue reliance on forward-looking information.Neither TSX Venture Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319150 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Duiba Reports First Profit for AI Short Drama Unit, with Three Consecutive Months of Triple-Digit Monthly Growth

Hong Kong, Oct 15, 2026 - (ACN Newswire via SeaPRwire.com) - October 14, Duiba Group (01753.HK) said its AI short drama business turned profitable in the third quarter, posting net profit in July, August and September.The figures are based on the group's unaudited consolidated management accounts for the nine months ended September 30, 2026, and represent management's preliminary assessment, the company said in a voluntary announcement on Tuesday.Q3 Views Exceed 45.8 Billion; September Views Rise 107% from August, Extending a Three-Month Run of Month-on-Month DoublingOn a group-wide basis, the unit recorded incremental views of 6.8 billion, 12.6 billion and 26.4 billion in July, August and September, respectively, for a third-quarter total of more than 45.8 billion. September volume rose 107% from August.The figures compare with just over 5 billion views for the first half of the year. The unit, launched in January, generated more than nine times that amount in incremental views in the third quarter alone; September volume was more than five times the first-half total.4.6% of Titles Topped 100 Million Views in Q3The company also disclosed content metrics for the quarter. Titles that exceeded 100 million incremental views per month totaled 22 in July, 25 in August and 32 in September. Those above 10 million reached 89, 155 and 172 over the same period.The share of titles surpassing 100 million views averaged about 4.6% in the third quarter and peaked at 5.7% in a single month.Duiba attributed the results to its use of AI across content development, production and distribution. The company said each production unit can handle the full workflow — from script analysis and storyboard breakdown to character generation, scene matching and final output — with one person. Its proprietary scriptwriting agent raises output per screenwriter by five to eight times, the company said, adding that the standardized process can be replicated across teams.Profitability Improves as Revenue Share Climbs to 51.2%According to the company's internal management reporting, the business was profitable in each of the three months through September, with revenue growth accelerating in the quarter.For the first half, Duiba reported AI short drama revenue of RMB 223 million, representing strong year-on-year growth and accounting for 51.2% of group revenue. The segment overtook the company's traditional interactive advertising business as its largest revenue contributor.Duiba had previously said economies of scale were expected to emerge as the business expanded. The company said three consecutive months of profit indicate that content capacity and cost control are beginning to reinforce each other, as it moves from an investment phase into what it described as scaled commercial returns. It added that overseas applications and a WeChat Mini Program business, if rolled out, could expand its market share.Business UpdateThe company said the rapid increase in views, continued growth in hit dramas and three consecutive months of profitability in the third quarter indicate that its AI short drama business is building an operating foundation for scalable growth.Duiba added that, as the AI short drama industry enters a period of rapid expansion, its accumulated competitive advantages in production efficiency and content quality are expected to support its development and deliver long-term value. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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‘AI + Retail’ Dual-Drive Creates Compound Growth: Huitongda Network (9878.HK) Empowers E-commerce Merchants to Improve Quality and Efficiency with ‘Dabi AI’ ACN Newswire

‘AI + Retail’ Dual-Drive Creates Compound Growth: Huitongda Network (9878.HK) Empowers E-commerce Merchants to Improve Quality and Efficiency with ‘Dabi AI’

Hong Kong, Oct 15, 2026 - (ACN Newswire via SeaPRwire.com) - As the “Double Eleven” shopping festival approaches, the e-commerce team of Jiangsu Athleta Sports Co., Ltd. is stepping up preparations for the launch of new seasonal apparel products and promotional campaigns. In the past, creating product main images required close coordination among graphic designers, models, and photo studios. Today, with the support of “Dabi AI” from Boundary Consulting, a subsidiary of Huitongda Network, virtual model try-on effects can be generated with one click, increasing the efficiency of new product launches by 5 to 10 times with sales in its e-commerce business increasing by more than 50%.Starting with empowering lower-tier retail, Huitongda has consolidated its core foundation of township mom-and-pop stores while extending its comprehensive “AI + Retail” capabilities into online e-commerce scenarios. With the continuous penetration of e-commerce merchants into Huitongda's customer ecosystem, new growth opportunities driven by the implementation of AI applications are gradually emerging.Integrating Capabilities: Synergies Between Member Stores and E-commerce ResourcesThe new achievement of Huitongda’s “AI + Retail” dual-drive lies in a successful capability grafting. Last November, Huitongda completed the acquisition of a 57% stake in Boundary Consulting, a leading e-commerce AI company. With 15 years of experience in the e-commerce sector, Boundary Consulting has developed the “Dabi AI” platform for e-commerce merchants. The platform integrates product analysis, competitor research, visual content generation, asset management and automated tasks, helping e-commerce teams carry out business analysis, content production and task execution within a unified platform.This integration also creates synergies in both directions. Having deeply cultivated the lower-tier market for over a decade and serving more than 250,000 township member stores, Huitongda Network has accumulated authentic transaction data, short-chain supply chains, and retail scenario experience. What Boundary Consulting contributes, on the other hand, consists of e-commerce-side AI application services, customer resources, and operational expertise.By connecting the two businesses, the retail capabilities developed through serving member stores expand the growth potential of the e-commerce business, while the algorithms and content creation capabilities developed on the e-commerce side, in turn, enhance offline store operations. The same AI capabilities can be applied across different customer groups and retail scenarios, reducing marginal costs while accumulating more scenario-specific data and creating a compounding effect. This is what fundamentally distinguishes Huitongda’s dual-engine “AI + Retail” strategy from standalone AI products.Building a Competitive Moat Through End-to-End IntegrationFrom the perspective of its product matrix, Huitongda’s AI matrix is no longer a collection of isolated tools, but an integrated network connecting online and offline channels as well as the end-to-end supply chain. On the e-commerce side, “Dabi AI” serves e-commerce merchants; on the offline store side, “Qiancheng Cloud AI” and the Qiancheng AI Super Store Manager, the latter integrating more than 24 scenario-based intelligent agents, continue to provide technological capabilities to physical retail stores; on the enterprise service side, “LeapoAI” integrates over 100 specialised features to serve brand owners and factories.Underpinning these three business segments is Huitongda’s intelligent supply chain system, supported by years of experience in providing integrated operational services to retail customers. This system connects upstream supply chain partners and brand manufacturers with downstream retail stores, FMCG retail chains and e-commerce merchants, creating a closed-loop flow of commercial activities, data and AI capabilities across the value chain. In the first half of 2026, Huitongda’s AI-related revenue exceeded RMB 78.91 million, representing a year-on-year increase of 32.3% and accounting for more than 70% of its full-year AI-related revenue in 2025. These results demonstrate customer willingness to pay and progress in the commercial adoption of AI applications.For Huitongda, the value of this network extends far beyond tool-level revenue. Scenario density, depth of data, and fulfillment capabilities mutually reinforce one another—the denser the scenarios, the more authentic the data, the faster the model iteration, and the lower the unit customer acquisition and service costs. This barrier, built upon real transactions and offline fulfillment, represents a core asset that general large models can hardly acquire and is difficult to replicate in the short term. Looking at the retail sector in the AI era, what the industry truly lacks is not general models, but professional enablers capable of embedding AI capabilities into real business scenarios and continuously generating scale benefits. Driven by the “AI + Retail” strategy, Huitongda is connecting offline member stores and online e-commerce merchants, leading the retail industry toward a comprehensive AI-driven upgrade. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Doubleview Reports First 2026 Drill Assays from Hat Project; H109 Returns 541.2 Metres of 0.27% CuEq and H113-H114 Add South-West Extension Data ACN Newswire

Doubleview Reports First 2026 Drill Assays from Hat Project; H109 Returns 541.2 Metres of 0.27% CuEq and H113-H114 Add South-West Extension Data

Vancouver, BC, Oct 14, 2026 - (ACN Newswire via SeaPRwire.com) - Doubleview Gold Corp. (TSXV: DBG) (OTCQX: DBLVF) (FSE: 1D4) ("Doubleview" or the "Company") is pleased to announce assay results for drill holes H109, H110, H113 and H114, the first reported assay results from the Company's 2026 drilling campaign at its 100%-owned Hat Polymetallic Deposit in northwestern British Columbia.The Company has completed approximately 7,400 metres of drilling at the Hat Project during 2026 to date, and drilling is ongoing. Drill holes H109 and H110 were drilled from the Hat East area, while drill holes H113 and H114 were drilled from the South-West Extension area. The holes were designed to provide additional geological and assay information in areas where the Company's current block model and mineralization model indicated a need for additional definition.The results reported in this release add data from two separate locations on the Hat Deposit: the east side of the deposit and the south-west extension area. Additional assay results from both areas remain pending and will be announced following receipt, validation and review by the Company's Qualified Person. The Company's geological interpretation remains subject to change as additional drilling and assay data are received and integrated.Drill holes H109, H110, H113 and H114 were not included in the Mineral Resource Estimate with an effective date of February 4, 2026, or in the Preliminary Economic Assessment disclosed by the Company in March 2026. These results will be considered for future geological modelling, resource estimation and engineering studies. No updated mineral resource estimate, pit design, economic analysis or resource classification change has been completed using the results reported in this news release.HighlightsFirst 2026 assay release: H109, H110, H113 and H114 are the first drill holes from the 2026 Hat drilling campaign to be reported by assay.Two target areas reported: H109 and H110 provide additional data from Hat East, while H113 and H114 add data from the South-West Extension area.H109 returned 541.2 metres grading 0.27% CuEq from 60.0 metres, including 128.0 metres grading 0.48% CuEq, 19.0 metres grading 1.36% CuEq and 13.0 metres grading 1.80% CuEq.H110 returned 408.4 metres grading 0.20% CuEq from 38.7 metres, including 111.7 metres grading 0.30% CuEq, 30.0 metres grading 0.78% CuEq, 19.0 metres grading 1.01% CuEq and 6.0 metres grading 1.89% CuEq.H113 returned 417.6 metres grading 0.23% CuEq from 24.8 metres, including 174.4 metres grading 0.31% CuEq, 82.4 metres grading 0.37% CuEq and 7.4 metres grading 1.37% CuEq.H114 returned 567.7 metres grading 0.16% CuEq from 36.3 metres, including 89.3 metres grading 0.41% CuEq and 55.0 metres grading 0.49% CuEq.The holes were designed to fill important data gaps and provide additional drill density for future modelling. No change to current resource categories is implied until an updated MRE is completed and approved by a Qualified Person.Copper equivalent values in this release exclude scandium oxide (Sc2O3), which is reported separately in the assay table.Selected Assay ResultsHat East - H109 and H110: H109 returned 541.2 metres grading 0.27% CuEq from 60.0 metres, including 432.0 metres grading 0.30% CuEq, 217.2 metres grading 0.37% CuEq, 128.0 metres grading 0.48% CuEq, 19.0 metres grading 1.36% CuEq and 13.0 metres grading 1.80% CuEq. H110 returned 408.4 metres grading 0.20% CuEq from 38.7 metres, including 111.7 metres grading 0.30% CuEq, 30.0 metres grading 0.78% CuEq, 19.0 metres grading 1.01% CuEq and 6.0 metres grading 1.89% CuEq.All reported intervals are drill core lengths. True widths have not been determined. Complete assay intervals are presented in Table 1.Current MRE and PEA ContextReferences in this news release to the 2026 PEA pit shell or proposed pit outline are provided only for geological context. They do not imply that the new drill holes are included in a mine plan, that mineral reserves have been estimated, or that an updated economic analysis has been completed. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.CEO CommentFarshad Shirvani, President and CEO of Doubleview Gold Corp., commented: "These first 2026 assays are important because they add disciplined follow-up data from two separate parts of the Hat Deposit. H109 and H110 provide additional close-spaced information from Hat East, including a strong interval in H109 beneath the 2026 PEA pit shell, while H113 and H114 add meaningful data from the South-West Extension area. These holes were drilled with a clear purpose: to fill gaps, test continuity and improve the data available for future modelling. While these results do not change the current MRE or PEA on their own, they are important building blocks for future updates. We look forward to reporting additional assays from both areas after they are received, validated and reviewed."Table 1: Summary of H109, H110, H113 and H114 Drill Core Assay InterceptsDDHNoteFrom(m)To(m)Length(m)CuEq (%)excl. Sc2O3Au(g/t)Cu(%)Ag(g/t)Co(g/t)Sc2O3(g/t)H109 60.0601.2541.20.270.140.130.256225.6 Incl.153.0585.0432.00.300.150.140.226626.1 Incl.153.0187.934.90.800.770.110.294324.1 Incl.384.0601.2217.20.370.130.230.316527.1 Incl.413.0587.0174.00.410.150.250.356725.6 Incl.459.0587.0128.00.480.170.300.436524.1 Incl.467.0585.0118.00.500.180.310.456522.9 Incl.467.0486.019.01.360.460.901.0713620.0 Incl.470.0483.013.01.800.621.201.3815920.7 Incl.560.0585.025.00.580.250.340.606225.4H110 38.7447.0408.40.200.100.090.125626.9 Incl.38.760.021.40.480.330.150.6311515.6 Incl.335.4447.0111.70.300.110.190.175228.8 Incl.417.0447.030.00.780.300.490.406130.2 Incl.428.0447.019.01.010.390.640.536625.7 Incl.428.0434.06.01.890.751.200.9710025.6H113 24.8442.4417.60.230.110.120.256036.1 Incl.24.8133.0108.20.220.160.060.155638.1 Incl.268.0442.4174.40.310.100.200.416631.5 Incl.360.0442.482.40.370.140.220.416328.5 Incl.435.0442.47.41.370.490.902.3710021.4H114 36.3604.0567.70.160.060.080.165726.3 Incl.514.8604.089.30.410.140.260.407322.8 Incl.549.0604.055.00.490.160.320.475822.3 Notes to Table 11. Copper Equivalent (CuEq) values exclude scandium oxide (Sc2O3).2. Reported intervals are drill core lengths. True widths have not been determined.3. CuEq values are provided for comparative presentation of drill intercepts and do not imply economic viability. Grades for each metal used in the CuEq calculation are shown separately in Table 1.4. Parameters used to calculate CuEq: gold price US$2,365.09/oz, silver price US$27.43/oz, copper price US$4.17/lb and cobalt price US$14.76/lb. Recoveries used: gold 89.0%, silver 68.0%, copper 84.0% and cobalt 78.0%.5. CuEq (%) = ([Ag grade in ppm] x 27.43 x 0.68 / 31.1035 + [Au grade in ppm] x 2365.09 x 0.89 / 31.1035 + 0.0001 x [Co grade in ppm] x 14.76 x 0.78 x 22.0462 + 0.0001 x [Cu grade in ppm] x 4.17 x 0.84 x 22.0462) / (4.17 x 22.0462 x 0.84).6. Reported Sc2O3 grades are shown for information only and no value for scandium oxide is included in CuEq values reported in this release.Figure 1: Plan view showing drill holes H109, H110, H113 and H114 relative to the 2026 proposed pit outline and two reported 2026 assay areas: Hat East and the South-West Extension.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8003/318915_1ca93714f4667a49_001full.jpgFigure 2: North-south section view showing drill holes H109 and H110, nearby close drill holes, and mineralized intervals relative to the 2026 PEA pit shell.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8003/318915_1ca93714f4667a49_002full.jpgFigure 3: East-west section view showing drill holes H109 and H110 and mineralized intervals relative to the 2026 PEA pit shell.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8003/318915_1ca93714f4667a49_003full.jpgFigure 4: South-west section view showing drill holes H113 and H114 and mineralized intervals in the South-West Extension area of the Hat Deposit.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8003/318915_1ca93714f4667a49_004full.jpgGeological InterpretationHat East - H109 and H110H109 and H110 were drilled from the same Hat East platform and were planned to test close-spaced mineralization on the east side of the Hat Deposit. The drill holes provide additional assay and geological information in an area where the Company is seeking to improve the continuity, geometry and grade distribution inputs for future block model work.H109 intersected a broad mineralized interval beginning at 60.0 metres and continuing for 541.2 metres. Within this interval, stronger mineralization occurs between 467.0 and 486.0 metres, including 13.0 metres grading 1.80% CuEq. The Company interprets this as further support for mineralization below the 2026 PEA pit shell in the Hat East area.H110 also returned broad mineralization, including 408.4 metres grading 0.20% CuEq from 38.7 metres and higher-grade intervals near the lower portion of the reported intercept, including 19.0 metres grading 1.01% CuEq and 6.0 metres grading 1.89% CuEq. Together, H109 and H110 achieved their intended purpose by adding close-spaced assay information to an important eastern part of the mineralized system.South-West Extension - H113 and H114H113 and H114 were drilled from the South-West Extension area to add assay information in a part of the Hat Deposit where additional drilling is required to better define mineralization continuity and geometry. The Company interprets these holes as adding mineralization confirmation to the south-west area, while also providing data that may assist future modelling of the overall mineralization envelope.H113 returned 417.6 metres grading 0.23% CuEq from 24.8 metres, including 174.4 metres grading 0.31% CuEq, 82.4 metres grading 0.37% CuEq and 7.4 metres grading 1.37% CuEq. H114 returned 567.7 metres grading 0.16% CuEq from 36.3 metres, including 89.3 metres grading 0.41% CuEq and 55.0 metres grading 0.49% CuEq. These intervals are interpreted by the Company to further support mineralization in the south-west part of the Hat system; however, the final interpretation is subject to change as additional drill holes from this and other locations are received, validated and modelled.The results reported in this release are expected to be incorporated into future geological modelling after completion of standard QA/QC review and Qualified Person verification. Until an updated mineral resource estimate is completed, these results should not be interpreted as changing current mineral resource quantities, mineral resource classifications, pit geometry or project economics.Table 2: Drill Hole Locations and OrientationsDDH IDUTM-East(m)UTM-North(m)Elevation(m)Dip(deg)Azimuth(deg)Max Depth(m)H1093484186453987982-69.6227687H1103484186453987982-69.21273576H1133473376453725950-67.0230502H1143473376453725650-87.910605.7 Coordinates are reported in NAD83 / UTM Zone 9N.Quality Assurance and Quality ControlHat Project drill cores are processed at Doubleview's field camp where they are photographed, measured and logged by technical staff and then divided using a diamond-bladed saw. One half is placed in a secure sample bag and forwarded to the independent analytical laboratory. The remaining half core is stored on site where it is available for further examination and sampling. Samples are subject to a chain-of-custody routine as they are shipped from camp to a bonded carrier for delivery to the laboratory.All core samples are prepared and analyzed at AGAT Laboratories in Calgary, an independent ISO 17025 and ISO 9001 certified facility. Samples are dried, crushed to 70% passing 2 mm, split to obtain a 250 g representative portion, and pulverized to 85% passing 75 micrometres. Gold, platinum and palladium are assayed by 30-50 g fire assay with ICP-OES finish. Multi-element analyses are performed by four-acid digestion with ICP-OES/MS, with ore-grade assays applied where required. Selected samples are further analyzed for whole-rock oxides using lithium borate fusion with ICP-OES, and loss on ignition is determined separately. Routine quality assurance protocols include insertion of blanks, duplicates and certified reference materials.Qualified PersonErik Ostensoe, P.Geo., a consulting geologist and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release. Mr. Ostensoe is not independent of Doubleview as he is a shareholder of the Company.About Doubleview Gold Corp.Doubleview Gold Corp. is a mineral resource exploration and development company headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX Venture Exchange (TSXV: DBG), OTCQX (DBLVF) and Frankfurt Stock Exchange (FSE: 1D4). Doubleview focuses on identifying, acquiring and advancing precious and base metal exploration projects, with a strong emphasis on British Columbia and on critical minerals including copper, cobalt and scandium.About the Hat Polymetallic DepositThe Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with copper, gold, cobalt, silver and scandium mineralization. The Company continues to advance the Hat Project through exploration drilling, metallurgical studies, environmental and engineering work, and technical studies required for responsible project advancement.On behalf of the Board of Directors,Farshad ShirvaniPresident & Chief Executive OfficerFor further information, please contact:Doubleview Gold Corp.Vancouver, BCFarshad Shirvani, President & CEOT: 604.678.9587E: corporate@doubleview.caCautionary Note Regarding Forward-Looking InformationCertain statements in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding future drilling, future assay results, geological modelling, potential future mineral resource estimate updates, future engineering studies, potential changes to resource confidence, and the potential significance of the drill results reported in this release. Forward-looking information is based on the Company's current expectations, estimates, forecasts and assumptions, which are subject to risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. These risks include exploration risks, assay and interpretation risks, geological modelling uncertainty, permitting and environmental risks, operational risks, market conditions, commodity prices, financing availability, and other risks associated with mineral exploration and development. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise forward-looking information.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318915 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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OpenWorld (NASDAQ: OPNW) Signs Term Sheet to Finance and Operate a Solar-Powered AI Computing Network Built on Tesla Powerwall Batteries ACN Newswire

OpenWorld (NASDAQ: OPNW) Signs Term Sheet to Finance and Operate a Solar-Powered AI Computing Network Built on Tesla Powerwall Batteries

OpenWorld, Inc. ("OpenWorld" or the "Company") (NASDAQ: OPNW), an innovation company advancing global real-world asset ("RWA") tokenization, today announced that it has entered into a non-binding term sheet with Meridian to establish a tokenized financing program of up to $[1] billion to fund the purchase and deployment of a distributed AI computing network powered by solar energy and Tesla Powerwall battery storage. Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the program, and its OpenWorld Enterprise platform will finance, coordinate and monitor the network.Key HighlightsUp to $1 billion in tokenized financing: OpenWorld structures and administers the tokenized financing program on OpenWorld Enterprise. Tesla Powerwall batteries, solar panels and AI computing equipment serve as collateral within the structure.Exclusive Tesla Powerwall inventory: Meridian holds exclusive rights to a reserved inventory of Tesla Powerwall systems that qualified for federal clean-energy tax credits before those credits were discontinued. [The inventory covers more than 160,000 Powerwalls, enough to support approximately 80,000 homes.]Initial deployment of 10,000 homes: [GPU-equipped computers at participating homes, with larger installations at local schools, hospitals and commercial campuses.]AI inference without new data centers: AI providers pay to run trained models on the network with no new centralized data-center sites, no additional grid interconnections and no water-based cooling. The program is intended to supply capacity to one or more leading AI inference providers.Hosts get paid: Homeowners receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts receive a share of site revenue and backup power.Timeline: Test installations scheduled to begin in the fourth quarter of 2026; first commercial site targeted for the first quarter of 2027.Builds on the BeyondAI transaction: Follows last week's proposed transaction with BeyondAI, which would transform BeyondAI’s industrial AI intellectual property rights into financeable collateral on OpenWorld’s tokenization platform.Solving the Power Problem in AI InfrastructureAccess to power is a growing constraint on AI infrastructure. New data centers face lengthy grid interconnection timelines, local opposition and significant water demands. The planned network of home-hosted, distributed AI inference computing would place GPU-equipped computers at participating homes and larger installations at local schools, hospitals and commercial campuses, each powered by on-site solar generation and Tesla Powerwall storage. AI providers would pay to use this computing capacity for inference, the process of running trained AI models, without requiring new centralized data-center sites, additional grid connections or water-based cooling.Participating homeowners would receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts would receive a share of site revenue and backup power.How the Program WorksMeridian, a privately held Delaware limited liability company, specializes in optimizing tax credits for Tesla Powerwall systems and holds exclusive rights to a reserved inventory of Powerwall systems that qualified for federal clean-energy tax credits before those credits were discontinued. [The inventory covers more than 160,000 Powerwalls, enough to support installations at approximately 80,000 homes. The program’s initial deployment is planned for 10,000 homes.] Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the financing program. OpenWorld will establish and administer the tokenized financing structure on its OpenWorld Enterprise platform. The financing would support Meridian’s purchase and deployment of Tesla Powerwall batteries and associated AI computing equipment, as well as the purchase by OpenWorld or a subsidiary of solar panels, all of which would serve as collateral within the structure.OpenWorld is also developing an integrated system to power and operate each installation. The OpenWorld Enterprise platform will coordinate computing workloads across the network, monitor equipment performance and provide investors with reporting on the underlying assets. The program is intended to supply computing capacity to one or more leading AI inference providers. Test installations are scheduled to begin in the fourth quarter of 2026, with the first commercial site targeted for the first quarter of 2027.Management Commentary“Access to power is becoming the major constraint on the growth of AI infrastructure,” said Matt Shaw, CEO and Chairman of OpenWorld. “By bringing computing equipment to homes and commercial properties through solar generation and Tesla Powerwall storage, we can build AI capacity closer to the power source instead of waiting years for a grid connection. Our term sheet with Meridian brings together the tokenization, financing and operating capabilities needed to develop this network at scale, and it shows what OpenWorld Enterprise is built to do: turn real-world assets into financeable, on-chain infrastructure.”“Meridian’s rights to a large inventory of tax-qualified Tesla Powerwall systems provide the critical foundation for this program,” said Josh Raffaelli, founder of Meridian and clean energy investor. “OpenWorld will help us finance the equipment and manage the network, turning solar generation and battery storage at participating properties into infrastructure that can serve growing demand for AI computing.”If a transaction is consummated, Mr. Raffaelli is expected to join OpenWorld’s board of directors. Certain officers and directors of OpenWorld hold interests in Meridian; additional information regarding these relationships is included in the Company’s Current Report on Form 8-K.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “expected,” “would,” “will,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify forward-looking statements. These include statements about the proposed engagement, the size, timing and structure of the financing program, the Distributed Inference Program, anticipated offtake arrangements and tax credit treatment. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Those risks include failure to execute definitive agreements, market conditions, regulatory developments affecting tokenized securities, tax law changes and the risks described in OpenWorld’s Annual Report and Quarterly Reports filed with the SEC, including under the heading titled “Risk Factors.” OpenWorld undertakes no obligation to update these statements except as required by law. Tesla and Powerwall are trademarks of Tesla, Inc. Tesla, Inc. is not a party to the term sheet described in this release.No Offer or SolicitationThis press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any 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.About OpenWorldOpenWorld, Inc. (NASDAQ: OPNW) is a technology-powered digital assets and blockchain innovation company that co-architects and takes principal positions in enterprise blockchain initiatives alongside sovereign governments, institutional partners and major enterprises. Since its founding in 2023, OpenWorld has advised on projects representing over $66 billion in aggregate network value and supported more than 20 companies backed by leading global venture firms, including a16z, Multicoin Capital, Dragonfly and Founders Fund. OpenWorld’s capabilities span real-world asset tokenization, stablecoin infrastructure, capital markets advisory, governance structuring and public markets strategy, with active engagements across the United States, Gulf, Europe, Southeast Asia and Africa. To learn more, visit openworld.dev and follow OpenWorld on X at [@_openworld].About MeridianMeridian is a privately held Delaware limited liability company that specializes in optimizing federal clean-energy tax credits for Tesla Powerwall systems and holds exclusive rights to a reserved inventory of tax-credit-qualified Powerwall systems.ContactsInvestorsir@openworld.devMediaGasthalter & Co.Phone: (212) 257-4170Email: openworld@gasthalter.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Oritain Launches Supplier Intelligence Report, Revealing a New Era of Supply Chain Collaboration ACN Newswire

Oritain Launches Supplier Intelligence Report, Revealing a New Era of Supply Chain Collaboration

SINGAPORE, Oct 14, 2026 - (ACN Newswire via SeaPRwire.com) - Oritain, global leaders in forensic origin verification, announced the release of its Supplier Intelligence Report, a dedicated supplier deep dive building on findings from the inaugural 2026 Global Supply Chain Intelligence Report.Drawing on Oritain’s supplier intelligence* across key global manufacturing hubs, the report offers a unique view into how suppliers are responding to growing regulatory scrutiny, customer expectations and sourcing pressures. The findings challenge a common industry assumption: suppliers are not resisting transparency. Instead, they are actively investing in traceability, seeking stronger collaboration and looking for credible ways to demonstrate trust.The report suggests the industry is entering a new phase of supply chain integrity. While traceability has become increasingly established, the next challenge is ensuring supply chain claims can be supported by independent evidence. As brands, retailers and manufacturers face greater scrutiny from regulators, investors and consumers alike, the ability to substantiate provenance and sourcing claims is becoming a critical business capability.The research draws on supplier insights from key manufacturing markets, complementing findings from the 2026 Global Supply Chain Intelligence Report, which examined sourcing risk, enforcement trends and consumer trust across global supply chains, by shining a light on the evolving priorities, challenges and opportunities facing suppliers themselves.From Traceability to Trust: The Rise of Verified Supply Chain EcosystemsThe Supplier Intelligence Report highlights a significant shift in supplier attitudes towards transparency and verification.Nearly 80% of suppliers surveyed already operate some form of traceability solution, while 75% are open to adopting new traceability technologies. More significantly, 77% expressed interest in participating in origin verification initiatives, highlighting growing recognition that transparency alone is no longer enough to build trust in today's supply chain environment."The findings tell a different story than many people expect," said Gemma Lynch, Chief Customer Officer at Oritain."Suppliers are not pushing back against transparency. They are actively looking for ways to participate in a more trusted supply chain ecosystem. The challenge is no longer willingness to engage. The challenge is ensuring claims can be substantiated with credible evidence when questions arise."Key Insights from Oritain's Supplier Intelligence ReportCollaboration is Emerging as a Competitive Advantage: 77% of suppliers surveyed expressed interest in collaborating on origin verification initiatives, signalling growing momentum towards shared responsibility across supply chains.Transparency is Becoming a Business Imperative: More than 85% of suppliers describe supply chain transparency as important or very important to their business, reinforcing that transparency is now a core commercial consideration rather than a niche sustainability issue.Traceability Adoption Has Accelerated: Nearly 80% of suppliers already use traceability solutions, while 75% remain open to adopting new technologies, demonstrating continued investment across the sector.Customer and Consumer Expectations Are Driving Change: 81% of suppliers identified consumer demand as a key driver of transparency efforts, while retailer and customer requirements continue to shape investment decisions.Leadership Engagement is Growing: 73% per cent of suppliers involve executive leadership in traceability and transparency decisions, suggesting these issues are increasingly viewed as strategic priorities.Verification is the Next Frontier: As traceability becomes increasingly common, suppliers are seeking more credible ways to validate sourcing claims and differentiate themselves in competitive markets.Building the Future Through Connected NetworksThe report arrives shortly after Oritain announced significant enhancements to its Membership program, creating a stronger framework for collaboration between brands, suppliers and manufacturers.Combining forensic origin verification, supply chain intelligence and a growing network of verified participants, Oritain Membership is designed to help organisations move beyond isolated compliance towards a more connected ecosystem built on trust, transparency and evidence."The future of supply chain integrity will not be built by organisations operating in isolation," said Lynch."It will be built through networks of buyers and suppliers working from a shared foundation of trusted data, independent verification and actionable intelligence. As expectations continue to rise, organisations need more than visibility into their supply chains. They need confidence in the information they are using to make decisions. Our role is to provide the science, intelligence and verification that help make that possible."* The research surveyed 122 senior decision-makers, primarily at director level or above, across 10 markets (China, Hong Kong, India, Indonesia, South Korea, Türkiye, Vietnam, Singapore, Bangladesh and Pakistan), with 80% of respondents having more than four years of industry experience.For media enquiries please contact: oritainSG@slingstone.comAbout OritainOritain is a global leader in forensic origin verification, with a vision to be the source of truth in global supply chains. Our proprietary methodology verifies origin through multiple analytical techniques – including isotopes, trace elements, and non-traditional isotopes – combined with advanced statistical modelling and a comprehensive global reference database. Through our Membership Network, which includes structured verification programs, we are trusted by organizations worldwide across industries including fashion and cotton, leather, timber, and more helping them achieve regulatory compliance, reduce reputational risk, and meet market demand through verifying the provenance of their products. Oritain’s award winning solution has received global recognition, most recently winning the Global Environment award at the Greater Good Awards, Judges’ Choice for Environmental Impact at the Environment + Energy Leader Awards, among others. To learn more, visit www.oritain.com Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Hong Kong Cinema @ BUSAN 2026 concludes successfully ACN Newswire

Hong Kong Cinema @ BUSAN 2026 concludes successfully

Hong Kong, Oct 14, 2026 - (ACN Newswire via SeaPRwire.com) - Hong Kong Cinema @ BUSAN 2026, co-organised by the Cultural and Creative Industries Development Agency (CCIDA) of the Culture, Sports and Tourism Bureau (CSTB) of the Hong Kong SAR Government, the Hong Kong Film Development Council (FDC) and the Hong Kong Trade Development Council (HKTDC), concluded successfully yesterday. Held from 10 to 13 October at the Asian Contents & Film Market (ACFM) in Busan, South Korea, Hong Kong Cinema @ BUSAN 2026 featured a series of activities, including the Hong Kong Pavilion, Hong Kong Night and more. The campaign promoted the development of Hong Kong's film industry, served as a bridge between Hong Kong filmmakers and overseas industry players and buyers, fostered collaboration opportunities and highlighted Hong Kong's role as an international hub for East-meets-West cultural and artistic exchange as well as a regional IP trading centre.The Hong Kong Pavilion hosted a happy hour reception, bringing together film industry professionals from around the world to connect and exchange insights.Anna Cheung, Associate Executive Director of HKTDC, said: "As an East-meets-West centre for international cultural exchange, Hong Kong has long been committed to fostering cross-cultural dialogue and collaboration. The HKTDC is delighted to once again join hands with the CCIDA and FDC to present Hong Kong Cinema @ BUSAN 2026. Through this campaign, we aim to showcase and promote Hong Kong's cinematic creations in the international market, strengthen exchanges between Hong Kong and the global film industry, and create more opportunities for international co-productions and collaborations."Showcasing creative diversity and advancing Hong Kong cinemaThis year, several Hong Kong film production and distribution companies actively participated in the exhibition at the Hong Kong Pavilion, including Blast Films International Limited, Cappu Films Limited, First Step Movie Distribution Studio, Just Distribution Company Limited, October Pictures Limited, and Xiaowu Brothers (Hong Kong) Limited.Other Hong Kong film companies, including Edko Films Limited, Emperor Motion Pictures, Golden Network Asia Limited, Golden Scene Company Limited, and One Cool Pictures, also engaged with international buyers and investors to explore collaboration opportunities.The Pavilion also showcased several Hong Kong films selected for the 31st Busan International Film Festival (BIFF). These included Dead End, distributed by One Cool Group and selected for the Vision-Asia section of BIFF, where it had its premiere. The film also won the Higher Education Institution Group of the 7th First Feature Film Initiative, funded by the Film Development Fund. Also featured was Cold War 1994, produced by Edko Films Ltd., which was selected for the Special Screenings & Carte Blanche section.Commissioner for Cultural and Creative Industries Drew Lai remarked that CCIDA is dedicated to boosting film productions and nurturing talents for the film industry through various funding schemes under the Film Development Fund (FDF). In addition, CCIDA will set up a dedicated Support Unit for Non-local Film Productions, making it easy and convenient for overseas crews to film in Hong Kong.Hong Kong Night fosters global industry exchange and collaborationHong Kong Night was held on 9 October at the Paradise Hotel Busan, serving as the curtain-raiser for Hong Kong Cinema @ BUSAN 2026 and showcasing the creative strengths of Hong Kong's film industry to the international community. The event attracted more than 750 industry professionals from Hong Kong and around the world, fostering cross-border business networking and industry exchange.Members of the Hong Kong delegation attending Hong Kong Night included Isabella Lam, director of Dead End, and cast members Maggie Shiu, Hedwig Tam and Lokman Yeung.Key film industry players attended Hong Kong Night, including Dead End director Isabella Lam and cast members Maggie Shiu, Hedwig Tam, and Lokman Yeung as well as artists Fala Chen, Nacy Sit and Jonathan Wong.Other delegation members included film producers Johnny Wang, Lau Kok Rui, Trevor Choi, Kelvin Shum and Whitney Yiu as well as director So Chak Long.Delegation members also participated in the Producer Hub programme, where they met producers and production companies from around the world, explored opportunities for cross-border collaboration and further strengthened ties between Hong Kong's film industry and the international filmmaking community.Hong Kong producers engaged with international industry professionals at the Producer Hub.Among them, director So Chak Long was selected for the Asian Project Market (APM) with his work Whisper of the Silence. During APM, he took part in a series of one-on-one business matching meetings with international investors and industry professionals to pursue opportunities for international co-productions and collaboration.Producer Kelvin Shum said: "Through the Producer Hub, we have the opportunity to not only present our projects, but also to connect with filmmakers from Cambodia, Vietnam, Thailand and other markets. This enables us to better understand the industry's latest developments, market demand and unique filmmaking processes of different countries. It is a truly rewarding and invaluable experience."Exploring screen adaptation and development opportunities for Hong Kong IPsThis year, CCIDA selected and organised, for the first time, four outstanding original works from Hong Kong outside the film category to participate in the Busan Story Market (BSM). The selected projects comprised three animated works: Blacky the Metal Arm Cat, Cirkillation and Tai Lung Fung – Full Throttle Kitchen as well as the comic title Disposable Dolly.Local original content IP owners participated in the Busan Story Market to engage in IP rights trading, financing and cross-media collaboration.The BSM is a dedicated marketplace for IP transactions involving high-quality original content from around the world, including animation, comics, novels and screenplays. The platform facilitates film and television rights trading. It connects overseas producers, investors and distributors with content creators to explore collaboration opportunities, while promoting adaptation and development projects for international markets.Representative of Blacky the Metal Arm Cat said: "As a local Hong Kong IP, we spend most of our time creating in the studio, making it challenging to reach out to industry professionals worldwide. BSM has allowed us to connect with producers, investors and potential partners from different countries, which is crucial to facilitate Hong Kong Ips' expansion into overseas markets and their continuous development."Photo download: https://bit.ly/4ykeaPOMedia enquiriesHKTDC's Communications & Public Affairs Department:Johnny Tsui Tel: (852) 2584 4395 Email: johnny.cy.tsui@hktdc.org About HKTDCThe Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on @hktdc and LinkedInAbout CCIDAThe Cultural and Creative Industries Development Agency (CCIDA), formerly known as Create Hong Kong (CreateHK) since 2009, was established in June 2024. CCIDA is a dedicated office under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR Government) to provide one-stop services and support to the cultural and creative sectors with a mission to foster a conducive environment in Hong Kong to facilitate development of the arts, culture and creative sectors as industries. CCIDA's strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and multi-disciplinary collaboration, promoting industrialisation of the arts, culture and creative sectors under the industry-oriented principle, and fostering a creative atmosphere in the community, thereby reinforcing Hong Kong as Asia's creative capital and our positioning as the East-meets-West centre for international cultural exchange.About HKFDCIn his Policy Address in October 2006, the Chief Executive announced that the then Secretary for Commerce, Industry and Technology will co-ordinate the film-related policy, planning and activities, including manpower training, Mainland and overseas promotion, and filming support. From 1 July 2022 onwards, the relevant work is co-ordinated by the Secretary for Culture, Sports and Tourism. In order to support the Secretary and to ensure the policy is in line with the sustainable development of the film industry, the Government established the Hong Kong Film Development Council (HKFDC) on 15 April 2007.The Film Development Fund (FDF) was first set up by the Government in 1999 to support projects conducive to the long-term development of the film industry in Hong Kong. Since 2005, the Government has injected a total of about $2.9 billion into the FDF to support Hong Kong film industry along four strategic directions, namely nurturing talent, enhancing local production, expanding markets and building audience. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Airwheel to Showcase Ai Wheel 20inch Carry-On Hand Scooter Robot Cabin Luxury Suitcase at the 140th Canton Fair ACN Newswire

Airwheel to Showcase Ai Wheel 20inch Carry-On Hand Scooter Robot Cabin Luxury Suitcase at the 140th Canton Fair

Guangzhou, Oct 14, 2026 - (ACN Newswire via SeaPRwire.com) - Airwheel, a smart mobility brand specializing in intelligent rideable luggage and personal mobility solutions, will showcase the SE3SXD Ai Luxury Suitcase and a range of smart electric cabin suitcases at the 140th China Import and Export Fair (Canton Fair). Across the exhibition, Airwheel will present its latest product innovations, engineering capabilities and expanding portfolio to international distributors, retailers and business partners seeking differentiated solutions for the evolving travel market.As travel increasingly intersects with connected technology and personal mobility, Airwheel is exploring a new role for luggage: moving beyond storage to become an active part of the travel experience. Through electric riding systems, intelligent controls and user-oriented industrial design, the company aims to make everyday journeys more convenient while creating new possibilities for the traditional luggage category.SE3SXD: A New Approach to the Smart Cabin Luxury SuitcaseAt the center of Airwheel's exhibition lineup is the SE3SXD AI Smart Electric Suitcase, a flagship model that combines luggage storage, electric riding and connected features in a single product.Designed around the idea of making technology more intuitive, the SE3SXD features a one-touch dual-drive automatic telescopic mechanism. Its powered front-wheel structure and linked smart handle are designed to extend and lock into riding position through a coordinated operation, reducing the need for multiple manual adjustments when switching from luggage mode to riding mode.The SE3SXD integrates electric mobility with smart connectivity. Through its dedicated app, users can access riding-related information and control functions, while Apple Find My support provides an additional way to locate the suitcase using compatible Apple devices. A USB output offers added convenience for charging compatible personal electronics.The model reaches a maximum riding speed of 9.9 km/h, supports a maximum load of 95 kg and provides approximately 20 liters of storage capacity. It uses a removable 73.26Wh lithium battery, and its compact format is designed with modern carry-on travel in mind.Rather than adding technology for its own sake, Airwheel's approach focuses on integrating mechanical engineering, intelligent interaction and practical travel functions into one cohesive product experience.A Broader Portfolio for Different Travel NeedsThe SE3SXD is part of a wider Airwheel smart rideable luggage portfolio developed for different users, travel scenarios and retail segments.The SE3SX offers a premium smart electric cabin suitcase experience, combining electric riding, app connectivity and Apple Find My support in a compact format. The SE3SL+ Boarding Suitcase emphasizes lightweight construction and everyday travel convenience, while the established SE3S and SE3SL Scooter suitcase models bring electric riding functionality to the familiar suitcase form.For travelers seeking a more compact option, the SE3MiniT Hand Suitcase offers a smaller rideable luggage format. The SE3T provides a larger-capacity solution for family and extended travel scenarios, while the SQ3 and SQ3S Kids suitcase series bring rideable luggage concepts to family-oriented and younger-user applications.Together, these products reflect Airwheel's strategy of developing a portfolio rather than relying on a single flagship model. For international buyers, the range creates opportunities to evaluate different product configurations and identify solutions that match local consumer preferences, retail positioning and distribution strategies.Engineering Innovation Backed by Global Intellectual PropertyAirwheel's product development is supported by continued investment in research and development. The company reports more than 600 patents globally, covering areas including electric drive systems, motion control, intelligent sensing, structural engineering and human-machine interaction.These technologies support the development of integrated smart mobility products in which mechanical structures, electronic controls and user interfaces work together. In rideable luggage, this requires more than adding a motor to a suitcase: it involves coordinating the riding mechanism, handling characteristics, control systems and conventional luggage functions within a compact product.Airwheel's broader intellectual property strategy also includes trademarks registered in more than 168 countries and regions, supporting its international brand development and market presence.For Airwheel, intellectual property represents both an engineering foundation and a long-term commitment to product differentiation in an increasingly competitive global market.International Design Recognition and Premium Market DevelopmentDesign is another important part of Airwheel's product strategy. The company's smart rideable luggage portfolio has received more than 100 international design awards, according to Airwheel, with recognition spanning design programs and markets in the United States, Europe, Japan, Italy, Germany and France.Among the recognized programs are the German iF Design Award, the U.S. International Design Excellence Awards (IDEA), the MUSE Design Awards, the Berlin Design Awards, the European Product Design Awards and other international design competitions. Different products have received different honors over time, reflecting the portfolio's continued development across form, functionality and user experience.For Airwheel, design is not limited to exterior appearance. It also involves the relationship between the suitcase's structure, riding mechanism, portability, controls and the way users interact with the product during a journey.The company is also expanding its presence in premium retail environments and established retail channels. Its products have entered selected high-end shopping malls and retail networks, while models including the SE3SL+ and SE3ST have gained placement in Sam's Club in China. These channel developments provide additional opportunities for consumers to experience smart rideable luggage in physical retail settings and for the brand to broaden its reach beyond online sales.Airwheel's strategy combines product innovation, international design recognition and retail development to build a more differentiated position in the smart travel market.Meet Airwheel at the 140th Canton FairThe 140th Canton Fair provides an opportunity for Airwheel to connect directly with international importers, distributors, luggage retailers, travel-related businesses and potential regional partners.Visitors will be able to explore Airwheel's smart electric luggage portfolio, learn about product functions and configurations, and discuss distribution opportunities and potential cooperation with the company.Exhibition informationEvent: 140th China Import and Export Fair (Canton Fair)Venue: China Import and Export Fair Complex, Guangzhou, ChinaPhase 1: October 15–19, 2026 — Booth information subject to final confirmationPhase 2: October 23–27, 2026 — Booth 20.2F19–20Phase 3: October 31–November 4, 2026 — Booths 20.2J37–38, 20.2K11–12 and 18.1K04International buyers and prospective partners are warmly invited to visit Airwheel during the exhibition to discover its latest smart suitcase innovations, experience the product range and explore opportunities for cooperation in their respective markets.About AirwheelAirwheel is a smart mobility brand focused on intelligent rideable luggage and personal mobility products. Combining electric drive technology, intelligent controls and industrial design, the company develops products intended to make everyday mobility more convenient and travel more flexible.With more than 600 global patents and over 100 international design awards across its smart rideable luggage portfolio, Airwheel continues to develop products for international markets under its brand philosophy, “Free Intelligent Life.”Media ContactCompany: AirwheelContact: Media TeamWebsite: https://www.airwheel.net Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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GP Energy Tech, a subsidiary of Gold Peak, showcases Nickel-Zinc battery technology at Hong Kong Electronics Fair ACN Newswire

GP Energy Tech, a subsidiary of Gold Peak, showcases Nickel-Zinc battery technology at Hong Kong Electronics Fair

Hong Kong, Oct 14, 2026 - (ACN Newswire via SeaPRwire.com) - As artificial intelligence (AI) and cloud services grow rapidly, uninterruptible power supply (UPS) systems are becoming increasingly important in keeping data centers running reliably. GP Energy Tech Limited (“GP Energy Tech” or the “Company”), a subsidiary of Gold Peak Technology Group Limited (“Gold Peak”) (SEHK: 40), is showcasing its Nickel-Zinc (NiZn) battery system at the Hong Kong Electronics Fair (Autumn Edition), held at the Hong Kong Convention and Exhibition Center from October 13 to 16. With Manufacturing Twins and Speed to Scale at the core of its approach, the Company is advancing the development and scalable supply of backup power solutions for AI and cloud data centers, as well as other critical infrastructure. As part of its product development efforts, the Company is embracing the promising application of NiZn batteries in UPS systems and battery backup units (BBUs) and is also exploring opportunities to provide backup power for emerging 800-volt direct current (800 VDC) architectures.Speed to Scale: accelerating commercialization through smart manufacturingDrawing on Gold Peak's more than 60 years of experience in battery design, manufacturing and sales, GP Energy Tech is leveraging the Group's expertise in electro-chemistry and high-volume Nickel-based battery manufacturing to advance its NiZn battery systems. Through smart automation and replicable production processes, the Company is accelerating the transition from technology development to commercial application. While maintaining consistent quality and reliable delivery, it flexibly expands manufacturing capacity in line with customer demand, supporting the delivery of NiZn battery solutions at scale to meet growing demand for next-generation backup power.Alan Lo, Executive Vice Chairman of GP Energy Tech said: “The value of NiZn technology lies in its ability to meet the industry’s requirements for safety, power and sustainability simultaneously. By combining this technology with Gold Peak’s more than 60 years of manufacturing experience, smart automation and Manufacturing Twins strategy, we are building scalable supply capacity. This is what sets GP Energy Tech apart. The rapid growth of AI and cloud services is creating new requirements for backup power in data centers and other critical infrastructure. We believe solutions that combine safety, high-power density and recyclability will play an important role in data centers. We look forward to working with customers and partners worldwide to advance the adoption of NiZn battery technology in these applications.”Alan Lo (left), Executive Vice Chairman of GP Energy Tech, and Brian Li (right), Vice Chairman and Executive Vice President of Gold Peak, introduce the NiZn battery technology to visitors and explain how it can meet the evolving backup power needs of AI and cloud data centers.Kevin Choi (left), Permanent Secretary for Innovation, Technology and Industry of the Hong Kong SAR Government, visits the GP Energy Tech booth to learn about the company’s NiZn battery technology for backup power applications across the entire AI value chain and in cloud data centers.Sophia Chong (left), Executive Director of the Hong Kong Trade Development Council (HKTDC), joins GP Energy Tech’s management team for discussion on the development of the innovation and technology industry.Combining safety, high-power density and sustainabilityCombining non-flammable chemistry, high-power density, a compact footprint, and over 90% recyclability, GP Energy Tech’s NiZn battery solution is designed primarily for AI and cloud data centers and is also suitable for other critical infrastructure. It offers operators a backup power option for use with UPS systems. Its water-based, non-flammable electrolyte avoids thermal runaway risk in high-density computing environments, while its high-power density supports more efficient use of space, requiring 74% less floor space per MW than lead-acid systems. Its recyclability also supports resource circularity, enabling operators to balance performance and sustainability when deploying backup power.From cell to cabinet: supporting flexible deploymentGP Energy Tech’s NiZn battery solution features a modular design built around cells in cylindrical Sub-C format. Each pack contains 128 cells, with nine packs forming a module and ten modules integrated into a cabinet containing 11,520 cells. This architecture allows customers to deploy the solution flexibly according to their UPS system configurations, meeting the backup power requirements of different applications.Exploring applications in UPS systems, BBUs, and emerging 800 VDC architecturesTo address the power requirements of different applications, GP Energy Tech is further assessing NiZn battery solutions for UPS systems and BBUs, considering power density, system footprint and backup runtime to inform its product development direction. The Company is also actively exploring battery backup opportunities in emerging 800 VDC power architectures as the power infrastructure needs of AI and cloud data centers evolve. Suitability will be further assessed through system-level testing and validation.Advancing commercialization through Manufacturing Twins strategy and industry collaborationGP Energy Tech’s Manufacturing Twins strategy brings together manufacturing facilities in China and Malaysia to enhance flexibility in capacity allocation and strengthen supply resilience, providing reliable supply support for customers in different markets. The Company’s first NiZn manufacturing facility in Dongguan, China, commenced operations in January 2026 and entered full mass production in mid-June. The first commercial order was delivered in August 2026. The Malaysian facility, part of the Manufacturing Twins strategy, is targeted to open in the third quarter of 2027. The production lines use fully automated, lights-out smart manufacturing integrated with a Manufacturing Execution System (MES), ensuring consistent quality for every cell produced and full traceability throughout production.Drawing on the Group’s technical and manufacturing expertise, GP Energy Tech focuses its R&D and industry collaboration on Hong Kong and the Greater Bay Area. The Company leverages Hong Kong’s international exhibition platforms and business networks to connect with overseas customers and partners. In response to application needs across different markets and customers’ system configuration and deployment requirements, the Company is advancing the validation and commercialization of its NiZn battery solutions and gradually expanding into the backup power market for AI and cloud data centers, as well as other critical infrastructure. GP Energy Tech showcases its modular NiZn battery solution at the Hong Kong Electronics Fair (Autumn Edition), offering flexible configurations to meet various backup power requirements.Gold Peak Technology Group LimitedCharlotte WongSenior Manager, Corporate Communications Tel: (852) 2485 5328Email: charlotte_wong@goldpeak.comAJA Capital LimitedAvy Yu / Janet LouieTel: (852) 9500 4443 / (852) 9155 5615Email: avy.yu@ajacapital.com.hk / janet.louie@ajacapital.com.hkAbout Gold PeakGold Peak Technology Group is a global battery and electronics company with an aspiration to become one of the leaders in providing energy and sound solutions that enlighten and empower lives, and with sustainability as a focus.The parent company, Gold Peak Technology Group Limited (SEHK: 40), was established in 1964 and has been listed on the Stock Exchange of Hong Kong since 1984. Gold Peak holds a majority stake at 86.18%* in the Singapore-listed GP Industries Limited as its major industrial investment vehicle and operates manufacturing, R&D, marketing and distribution operations in more than 10 countries around the world.Gold Peak Technology Group Limited not only develops its consumer batteries, electronics and audio products, but also puts great emphasis on R&D of new Nickel-Zinc (NiZn) rechargeable battery and B2B battery technologies. The Group has built renowned brand names for its major product categories, including GP batteries, GP Recyko batteries, KEF premium audio products and Celestion professional speaker drivers.www.goldpeak.com( * shareholding % as at 14 October 2026) Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Kincora Announces Shares for Debt Settlement ACN Newswire

Kincora Announces Shares for Debt Settlement

Vancouver, British Columbia, Oct 13, 2026 - (ACN Newswire via SeaPRwire.com) - Copper-gold explorer and hybrid project generator Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to announce that the Company has entered into debt settlement agreements to settle an aggregate amount of C$319,437 of indebtedness (the "Debt") owing to certain current and former directors and members of management of the Company in connection with management and consulting fees accrued for the period from July 1, 2024 to June 30, 2026, through the issuance of an aggregate of 358,918 common shares in the capital of the Company (the "Settlement Shares") at a deemed price of C$0.89 per Settlement Share (the "Debt Settlement").Kincora and Remuneration Committee chair, Mr Cameron McRae, commented,"A key and material element of the remuneration packages of the Kincora board and senior management has been in equity, looking to provide alignment and minimise the cash overheads of the Company. Each year Kincora has sought approval from shareholders for these remuneration structures, and today's settlement covers a two-year period ended June 2026 where the Company's circumstances, cash position and share prices have materially changed. The deemed price is in-line with both the contractual averages of the agreements over this period, current regulatory framework and is subject to shareholder approval at the upcoming AGM.A detailed Remuneration Committee review is ongoing seeking to reflect the Company's current and market conditions with further details to be provided in due course". The Settlement Shares issued pursuant to the Debt Settlement will be subject to a statutory four-month hold period, and completion of the Debt Settlement remains subject to disinterested shareholder approval and acceptance of the TSX Venture Exchange. No new control person or insider of the Company will be created as a result of the Debt Settlement.Certain of the Creditors are directors and/or officers of the Company. As such, the Debt Settlement constitutes a "related party transaction" within the meaning of Exchange Policy 5.9 - Protection of Minority Security Holders in Special Transactions and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Debt Settlement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to subsections 5.5(a) and 5.7(1)(a) thereof, as neither the fair market value of the indebtedness settled nor the fair market value of the Settlement Shares to be issued exceeds 25% of the Company's market capitalization.Notwithstanding the foregoing, in accordance with Exchange Policy 4.4 - Security Based Compensation, disinterested shareholder approval is required for the settlement of compensation owed to non-arm's length parties through the issuance of securities where the aggregate amount of such indebtedness exceeds C$10,000 per month.Accordingly, the Debt Settlement is subject to disinterested shareholder approval. The Company intends to seek such approval at its upcoming Annual and Special Meeting of Shareholders (the "Meeting"), scheduled for November 19, 2026. Additional information regarding the Debt Settlement will be included in the Management Information Circular for the Meeting, which will be filed under the Company's profile on SEDAR+ (at www.sedarplus.ca), on the Australian Securities Exchange ("ASX") platform (at www.asx.com.au) and the Company's website (at www.kincoracopper.com).About KincoraKincora Copper Limited (ASX: KCC) (TSXV: KCC) is an emerging Australia-focused gold-copper explorer with a hybrid project generator strategy.The Company is successfully proving up the prospectivity of its extensive project portfolio, which includes multiple district-scale landholdings and scalable drill ready targets. These assets are located in Australia's Lachlan Fold Belt, one of the globe's leading porphyry belts, and the historical Condobolin mining field within the Cobar basin in NSW.The Company has already unlocked over A$100 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects. These initial deals have supported over 20,000 metres of drilling and over A$10m of partner funded exploration since late 2024, with management fees and exploration ramping up.Various partner discussions are ongoing for its remaining 100% owned flagship and advanced exploration stage porphyry projects.By having a significant portfolio of partner funded large porphyry projects, and a very focused capital efficient programs at the Condobolin and other sole funded projects, the Company is seeking to position Kincora as a leading institutional grade explorer in the public Australian and Canadian markets, and the leading project generator on the ASX.The Company's website is: www.kincoracopper.com FOR FURTHER INFORMATION, PLEASE CONTACT:Sam Spring, President and Chief Executive Officersam.spring@kincoracopper.com or +61431 329 345Executive office400 - 837 West Hastings StreetVancouver, BC V6C 3N6, CanadaTel: 1.604.283.1722Kaitlin Taylor, Investor Relationsinvestors@kincoracopper.comSubsidiary office AustraliaC/- JM Corporate ServicesLevel 6, 350 Collins StreetMelbourne, VIC, Australia 3000 This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)Forward-Looking StatementsCertain information regarding Kincora contained herein may constitute forward-looking statements and "forward looking information" within the meaning of applicable securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by the use of words "believes", "may", "plans", "will", "anticipates", "Intends", "could", "estimates", "expects", "forecasts", "projects", and similar expressions, and the negative of such expressions. Such forward-looking statements or information include but are not limited to statements or information with respect to: the completion of the Debt Settlement; the issuance of the Settlement Shares; the receipt and timing of disinterested shareholder approval and acceptance of the TSX Venture Exchange; the Company's planned exploration programs; the availability, timing and amount of potential partner funding; anticipated partner-funded exploration activities and management fee income; the outcome of partner discussions; the Company's ability to advance its project portfolio and exploration targets; and the Company's strategy and objective of positioning itself as a leading institutional-grade explorer in the Australian and Canadian public markets and a leading project generator on the ASX. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Readers are cautioned not to place undue reliance on forward-looking information and statements.Forward-looking information involves numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other items: market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market, or business conditions. Although Kincora believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Kincora cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Kincora currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include: market prices; exploitation and exploration results; continued availability of capital and financing and general economic; market or business conditions; and investor sentiment. Accordingly, readers should not place undue reliance on forward-looking information and statements. Readers are cautioned that reliance on such information and statements may not be appropriate for other purposes.The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. Kincora does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318632 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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Digi Power X Announces $200 Million Debt Financing Commitment to Support Completion of Alabama AI Data Center and Provides Expansion Update ACN Newswire

Digi Power X Announces $200 Million Debt Financing Commitment to Support Completion of Alabama AI Data Center and Provides Expansion Update

MIAMI BEACH, FL, Oct 13, 2026 - (ACN Newswire via SeaPRwire.com) - Digi Power X Inc. (Nasdaq:DGXX)(Cboe Canada:DGX) ("Digi Power X" or the "Company"), an AI data center infrastructure operator, today announced that it has received a commitment letter from a major lending institution for US$200 million in debt financing to support the development of its 40 MW AI data center in Columbiana, Alabama. The financing, syndicated by Goldman Sachs, is expected to close within 90 days, subject to definitive documentation and satisfaction of various conditions, including the lender's completion of its diligence efforts.The financing is to be structured at a project special purpose vehicle ("SPV") level, with an unsecured Company guarantee through project completion and other limited matters. Proceeds are intended to support completion of the Alabama project and related project costs, helping preserve corporate liquidity, mitigate shareholder dilution and position the Company to pursue additional customer contracts."This financing commitment is an important step toward completing our Alabama campus while limiting dilution for our shareholders. We are progressing from infrastructure development toward revenue generation, with construction on schedule in Alabama, our first modular GPU deployment operating successfully, and expansion plans advancing across our portfolio."- Michel Amar, Chairman & Chief Executive Officer, Digi Power X Inc.Financial Position and Alabama Construction UpdateAs of the date hereof, Digi Power X held approximately US$135 million in cash and invested approximately US$153 million in capital expenditures year to date in 2026. The Company did not issue any shares under its at-the-market ("ATM") equity offering program during the third quarter of 2026, resulting in no ATM-related shareholder dilution during the quarter.Construction at the 40 MW Alabama campus remains on target, with Phase 1 expected to be completed in December 2026 and Phase 2 in March 2027.ARMS 200 Operations and Supermicro PartnershipThe Company's first ARMS 200 modular data center has been operating successfully since May 2026, supporting its GPU bare-metal business. The deployment demonstrates Digi Power X's ability to manage the infrastructure supporting these services, including power, cooling, data center operations and GPU systems.Digi Power X's partnership with Super Micro Computer, Inc. ("Supermicro") supports dedicated, bare-metal access to NVIDIA Blackwell GPUs, enabling customers to deploy AI workloads without building or managing the underlying infrastructure themselves. Supermicro recently highlighted the collaboration publicly, underscoring its role in powering Digi Power X's full-stack AI offering.Digi Power X: Expanding the AI Token Factory Through NeoCloudzDigi Power X plans to expand its AI token factory infrastructure through its NeoCloudz platform, using the proprietary ARMS modular data center systems of US Data Center, Inc., a subsidiary of which the Company is the largest shareholder, to support fast deployment. This expansion is intended to support the Company's planned growth in GPU bare-metal services and AI token generation. Building on its initial ARMS 200 deployment, the Company intends to deploy additional modular capacity to meet customer demand and grow recurring AI infrastructure revenue."We're excited to unveil our AI token factory at NVIDIA GTC Berlin. Digi Power X owns the whole stack, from the power to the data center to the computer, and that's how we deliver fast, affordable inference at scale."- Alec Amar, President, Digi Power X Inc.New York Transition to AI Token FactoriesDigi Power X is in the planning phase to repurpose its New York State sites into AI token factories, expanding capacity for GPU bare-metal services and AI token generation. The planned conversion is designed to reduce site noise levels and incorporate closed-loop cooling systems designed to minimize water consumption by recirculating coolant without routine evaporative water use.Silicon Valley Development LabThe Company has also acquired an office and laboratory facility in Silicon Valley to develop the technology and operational intelligence supporting its AI token factory strategy. Digi Power X is bringing together top talent in engineering, artificial intelligence and software development to accelerate innovation and strengthen its capabilities as it expands its GPU infrastructure and AI services.About Digi Power XDigi Power X is a fully integrated AI infrastructure company that owns and operates the whole stack, from power generation and data centers to the computers that run AI workloads. The Company offers colocation for enterprise and hyperscale customers, bare metal GPU rental and a token factory that delivers AI inference at scale. Because it controls the power, the infrastructure and the compute, Digi Power X can bring capacity online faster and more affordably. For more information, visit www.digipowerx.com.Investor RelationsFor further information, please contact:Michel Amar, Chief Executive OfficerDigi Power X Inc.www.digipowerx.comInvestor Relations: T: 888-474-9222 | Email: IR@digihostpower.comCautionary StatementTrading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.Cautionary Note and Forward-Looking StatementsThis press release contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. Words such as "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "plan," "potential," "proposed," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words.Forward-looking statements in this press release include, without limitation, statements regarding: the proposed $200 million debt financing, including the timing of closing and funding, and the satisfaction of conditions to closing, including lender satisfaction of its diligence requirements; the expected use of proceeds, including the funding of remaining construction and related project costs, and the anticipated effects on corporate liquidity and shareholder dilution; the progress, schedule and completion of Phase 1 and Phase 2 of the Company's 40 MW AI data center in Columbiana, Alabama, the Company's ability to pursue additional customer contracts and generate recurring revenue; the planned expansion of the Company's AI token factory infrastructure, including through USDC and the ARMS modular data center platform; the planned conversion of the Company's New York State sites and the anticipated noise and water use benefits of that conversion; the anticipated use and benefits of the Company's Silicon Valley facility; and the execution of the Company's AI infrastructure strategy.These statements are based on management's current expectations, estimates and assumptions and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially, including, among others: the risk that the conditions to closing under the commitment letter are not satisfied or waived on a timely basis or at all, or that the financing is not completed on the anticipated terms or at all; the risk that the lender's commitment terminates or is modified; the possibility that financing proceeds will be insufficient to fund all remaining construction and project costs; the risk that preliminary financial information differs from final reported results; construction delays, cost overruns, supply chain disruptions and the availability of equipment, GPUs, labor and power; permitting, zoning, environmental and other regulatory approvals; the performance of contractors, partners and counterparties; the ability of the Company and its customers to perform under the Company's colocation and other customer agreements; obligations under the financing; demand for AI and high-performance computing infrastructure; general economic, market and interest rate conditions; and the other risks and uncertainties described under "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission.Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.SOURCE: Digi Power X Inc. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
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