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Business Wire India

 

Amazfit, a leading global smart wearable brand owned by Zepp Health, today unveiled the Amazfit Balance 3 and Amazfit Balance Ultra, the newest additions to the Balance series and the hero watches for Amazfit’s new Hybrid Training System, connecting performance tracking with intelligent training guidance through the Zepp App.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602329170/en/

 

 

 

The products were unveiled at a launch event in New York during a panel hosted by leading voices from the fitness and HYROX community. Built around how modern athletes train today, Balance 3 and Balance Ultra are designed for people balancing strength, endurance, recovery, work, stress, and daily life. The devices serve as the engine layer of the connected Hybrid Training ecosystem, capturing how users train, recover, and respond over time, while the Zepp App serves as the intelligence layer, organizing that data into clearer direction.

 

Balance Ultra is the flagship expression of the Balance series, combining Grade 5 titanium craftsmanship with a refined performance design that moves naturally between training, work, and daily life. Balance 3 is built for everyday hybrid athletes who want one watch for the gym, running, recovery, and daily performance. It is available in stainless steel and titanium options, giving users a choice between durable everyday construction and a lighter premium build.

 

 

“The future of training is not about doing more without direction. It is about training with structure,” said Wayne Huang, CEO of Zepp Health. “With Balance 3 and Balance Ultra, we are helping athletes better understand how strength, endurance, recovery, and daily life all affect performance. The Balance series brings those signals together so users can understand their capacity, manage effort, and make more informed training decisions over time.”

 

 

A Hybrid Training System Built to Help Athletes Train with Structure

 

 

Modern training is becoming more hybrid. Athletes are running, lifting, conditioning, recovering, traveling, working, and managing daily stress, often all at once. The challenge is no longer just collecting more data. The challenge is understanding what that data means for how to train, when to push, when to recover, and how to stay consistent over time.

 

 

At the center of the Balance experience is the Zepp App, the intelligence layer of the Hybrid Training System. Balance 3 and Balance Ultra collect the data, while the Zepp App connects training, recovery, sleep, stress, and lifestyle data into a clearer view of how the body is adapting and what to prioritize next.

 

 

Within the app, HybridCharge Energy Intelligence brings this system together by combining BioCharge, LifeLoad, and Training Load into one view of capacity. BioCharge reflects the body’s energy and recovery state, LifeLoad adds context from daily stress and lifestyle demands, and Training Load shows the strain created by exercise. Together, these inputs help users better understand what they can sustain in the moment and how to manage effort across training and recovery.

 

 

Weekly Focus and Training Balance help users see whether their training is aligned across strength, endurance, and recovery, while Hybrid Training Plans bring more structure to preparation and progression. The result is a system designed to turn connected health and fitness signals into clearer direction, not just more data.

 

 

Built for Every Part of Training

 

 

Balance 3 and Balance Ultra are built to support the full rhythm of modern training, from structured workouts to recovery, navigation, communication, and daily wear. Both models feature bright 1.5-inch AMOLED displays with sapphire glass and up to 3,000-nit brightness, advanced health monitoring, precision dual-band GPS, six-satellite positioning systems, route guidance, offline map support, strength training support, and official HYROX tools in one connected experience.

 

 

Battery life is designed to keep pace with demanding schedules. Balance 3 delivers up to 21 days of battery life, while Balance Ultra extends that endurance further with up to 30 days of battery life, giving users a longer-lasting flagship option for consistent training, travel, and everyday wear.

 

 

The Balance series also supports a deeper view of health and recovery, with advanced metrics including heart rate, HRV, sleep, stress, blood oxygen, and breathing rate. For strength training, both watches support 25 auto-recognized strength exercises, helping users track effort across gym sessions without manually logging every movement. Bluetooth calling, Zepp Flow voice control, voice notes, and onboard storage help users stay connected and in control without interrupting their rhythm.

 

 

Official HYROX Tools for Training and Race Day

 

 

As Amazfit continues as the official wearable partner of HYROX, Balance 3 and Balance Ultra serve as the ultimate tools for HYROX training and racing.

 

 

Built-in HYROX features connect structured preparation with race-day execution. HYROX training plans, race simulations, HYROX Virtual Pace, and race-specific workout support help athletes prepare with greater intention.

 

 

Post-race analysis helps users better understand pacing, station performance, rankings, cumulative race time, and where performance was gained or lost. These tools are designed to support HYROX athletes while also reinforcing the broader Hybrid Training System: strength, endurance, recovery, and structure working together.

 

 

Pricing and Availability

 

 

• The Amazfit Balance 3 Stainless Steel will be available starting June 2, 2026, for $369.99.
• The Amazfit Balance 3 Titanium will be coming soon, for $449.99.
• The Amazfit Balance Ultra will be available starting June 2, 2026, for $599.99.

 

 

All models will be available on Amazfit.com.

 

About Amazfit

 

 

Amazfit, a global smart wearable and fitness leader is part of Zepp Health (NYSE: ZEPP), a health technology company with its principal office based in Gorinchem, the Netherlands. Zepp Health operates as a distributed organization, with team members and offices across the Americas, Europe, Asia, and other global markets.

 

 

Amazfit builds smart wearables designed around movement — training with intention, recovery with balance, and evolution over time. Built for the way people train today, Amazfit blends endurance, strength, and recovery into a single, coherent rhythm to support sustainable progress over time.

 

 

Behind Amazfit is Zepp, which builds the intelligence that supports its training experience. For more information, visit www.amazfit.com.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260602329170/en/

 

Business Wire India

Lenovo today announced it is delivering a near real-time AI-powered infrastructure platform for the FIFA World Cup 2026™ to enable ultra-low-latency IPTV (Internet Protocol Television) video distribution in addition to the traditional cable and satellite broadcast, intelligent content delivery, and mission-critical decision-making across the event ecosystem and operations.

 

As the world’s largest sporting event prepares for an unprecedented scale—spanning three host countries, featuring 48 teams, and engaging an estimated 6 billion fans—FIFA, broadcasters, and event operators will benefit from a live, always-on environment designed to perform at the highest level. As FIFA’s Official Technology Partner, Lenovo will deploy servers at the International Broadcast Center in Dallas, Texas, to help deliver the computing power, devices, and AI-driven solutions needed to bring every moment of every match to global audiences and support the most expansive broadcast operation in FIFA World Cup™ history. More than 17,000 Lenovo and Motorola devices and 200+ engineers deployed across venues and Team Base Camp training sites will help ensure professional execution.

 

 

Lenovo’s technology solutions have reduced latency within IPTV infrastructure for the global showpiece, with IPTV delays now under five seconds, enabling near real-time access to live match action and more synchronized viewing experiences. Lenovo ThinkSystem SR635 V3 servers and technology will help manage massive volumes of live video data coming in from stadiums across North America and power FIFA’s IPTV live feed by ingesting, processing, and distributing all match content in close to real-time via ten channels to over 1,000 screens throughout FIFA venues. Fans, media, VIPs and officials will quickly be able to access every match from anywhere within the event ecosystem, from fan zones to media tribunes.

 

 

An AI Nerve Center for the World’s Biggest Sporting Event

 

 

Beyond broadcast, Lenovo’s technology will be deployed at FIFA’s Technology Command Center in Miami and the Tournament Operation Center for the duration of FIFA World Cup 2026™. This hub serves as the central “mission control” for the World Cup, where all the technology powering the games is monitored and managed in near real-time by experienced engineers and FIFA management. With the help of Lenovo’s enterprise solutions, FIFA’s Technology Command Center and Tournament Operation Center will ensure tournament organizers are able to swiftly observe, and if needed, address operational matters across the tournament footprint.

 

 

“Lenovo’s AI infrastructure is redefining the FIFA World Cup experience, delivering near real-time highlights, multi-angle views, and insights at unprecedented global scale,” said Ashley Gorakhpurwalla, President of Infrastructure Solutions at Lenovo. “Together with FIFA, we are running AI under the world’s most demanding conditions—solving latency concerns and bringing billions of fans closer to the action than ever before, setting a new standard for live sports.”

 

 

“The FIFA World Cup is one of the largest and most complex sporting event in the world,” said Nacho Fresco, Director of Technology at FIFA. “With this edition set to be the biggest in history, delivering exceptional operational efficiency and cutting-edge technology is critical. Lenovo is a key partner in helping us meet the stringent low-latency requirements essential for live production environments.”

 

 

Powering the World’s Biggest Stage

 

 

FIFA World Cup 2026™ showcases the real-world AI advancements Lenovo is making possible. Lenovo will manage complex on-premise edge computing, significantly reducing latency, where cloud-only solutions failed to meet broadcast requirements. During the World Cup, technologies powered by Lenovo ThinkSystem servers, engineered for high-density, mission critical environments requiring massive throughput, and near real-time operational performance will support:

 

 

• Near real-time monitoring of stadium and tournament wide tech systems
• Live broadcast, streaming, and IPTV delivery
• Rapid incident detection and issue resolution to minimize disruption and downtime

 

Enhancing the Fan Experience with Real-Time Insight and Transparency

 

Lenovo is enabling a more immersive and understandable viewing experience through AI-driven innovations. AI-enabled 3D playeravatars provide clearer, real-time visualization of complex decisions such as offside calls. Built using advanced GenAI and real-world player data, these avatars are designed to help fans better understand the game as it happens. These avatars will also be an additional value input to support FIFA’s Match Officials in their offside decision-making during matches.

 

 

To improve the in-venue experience across three countries, Lenovo is deploying solutions designed to enhance safety, efficiency, and engagement:

 

 

• AI-driven navigation systems reduce congestion and improve movement across venues.
• AI-driven stabilized “Referee Views” deliver first-person perspectives with up to 50% less motion distortion.
• Immersive digital and holographic experiences create new ways for fans to engage with the game.

 

Leveling the Playing Field Through Smarter Football for All

 

Lenovo is actively transforming the sports industry and remains committed to democratizing football through its “Smarter AI for All” vision. With the FIFA World Cup 2026™, Lenovo will deploy the FIFA AI Pro platform, anext-generation AI-powered knowledge assistant delivering tactical insights to coaches, players, and analysts. Built using Lenovo’s AI Factory, the platform will be provided to all 48 teams competing in the tournament, democratizing access to elite-level analytics and helping level the competitive playing field.

 

 

Bringing the Tournament Home with Special Edition Collections

 

 

For fans of the game, Lenovo is offering a unique way to showcase their passion through a collection of FIFA Special Edition devices across its commercial, consumer, and gaming portfolios. Featuring exclusive FIFA World Cup 2026™ branding and packaging, the lineup includes the motorola razr FIFA World Cup 26^th Edition, ThinkPad X9-14 Gen 1, ThinkPad X1 Carbon Gen 13 and 14, Yoga Slim 7i ultra Aura Edition (14”, 11), Idea Tab, and the Lenovo Legion Pro 7i (16”, 10). These limited-edition models allow fans to carry a piece of the world’s largest sporting event with them, long after the final whistle.

 

 

The scale and complexity of these operations reflect Lenovo’s broader investment in sports technology. In March, Lenovo launched a dedicated sports vertical designed to support organizations operating live, global, and mission-critical environments. By integrating AI infrastructure, edge computing, devices, and services into a unified model, Lenovo is enabling sports organizations to move from fragmented systems to real-time, end-to-end operational control.

 

 

As the Official Technology Partner of FIFA, Lenovo is powering the biggest event in the history of humanity. FIFA trusts Lenovo to deliver the tournament’s end-to-end technology backbone from AI devices to infrastructure and solutions, to provide immersive and unique fan experiences and provide unprecedented access to data and analytics for the 48 competing teams. Visit the FIFA page on Lenovo.com to see Lenovo in action at the World Cup.

 

 

About Lenovo

 

 

Lenovo is a US$83 billion revenue global technology powerhouse, ranked #196 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Guided by its vision of “Smarter Technology for All”, Lenovo is executing a Hybrid AI strategy that spans Personal AI – one personal AI, multiple devices; and Enterprise AI – helping customers turn data into insights and value. This strategy is delivered through the Group’s commitment to world-class innovation and a full-stack AI portfolio, including devices (PCs, workstations, smartphones, tablets, accessories), infrastructure solutions (server, storage, edge, high performance computing and software defined infrastructure), as well as software, solutions, and services. With a global footprint spanning 21 research and development locations in 11 markets, and a global supply chain including more than 30 manufacturing sites across 10 markets, Lenovo is widely recognized for its operational excellence, including ranking #8 in the Gartner Supply Chain Top 25. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). Learn more at www.lenovo.com and follow the latest news in our newsroom.

 

 

Lenovo is a trademark of Lenovo. All other trademarks are the property of their respective owners. ©2026 Lenovo Group Limited. All rights reserved.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260602393504/en/

 

Business Wire India

 

• IQM in conjunction with its SPAC partner, Real Asset Acquisition Corp., increased commitments to its PIPE due to upsized demand.
• This additional commitment comes from a new investor, Ilmarinen, one of Finland’s largest private earnings-related pension insurance companies. This brings total PIPE commitments from leading new and existing investors to over USD 146 million.
• The transaction values IQM at a pre-money equity valuation of approximately USD 1.8 billion and a cash position expected to be up to EUR 406 million (USD 477 million¹).
• Significant business momentum, with 2025 revenue of EUR 31 million (USD 36 million²).

IQM Finland Oy, a global leader in full-stack superconducting quantum computers (“IQM”, “IQM Quantum Computers” or the “Company”) and Real Asset Acquisition Corp. (Nasdaq: RAAQ), a special purpose acquisition company (“RAAQ”), today announced an additional PIPE commitment from Ilmarinen in connection with the previously announced business combination between IQM and RAAQ. Ilmarinen’s new commitment comes alongside commitments from other leading institutional investors in the previously announced USD 134 million PIPE.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602993879/en/

 

 

 

The incremental PIPE provides additional funding on top of the previously announced USD 134 million in PIPE financing proceeds to be used to accelerate IQM’s technology and commercial development towards fault-tolerant quantum computing, further advancing its position as a leading provider of quantum computers.

 

Headquartered in Finland, IQM plans to list its American Depositary Shares on the Nasdaq Stock Market in the U.S. and its ordinary shares on the Helsinki stock exchange in connection with the completion of this transaction. Ahead of the listing, investment exposure to IQM is available to the public by investing in its special purpose acquisition company partner, Real Asset Acquisition Corp. (Nasdaq: RAAQ).

 

 

IQM is a quantum computing company that builds full stack, open-architecture quantum computers that can be deployed on-premise or accessed via the cloud. IQM operates a vertically integrated business model, boasting a unique combination of proprietary infrastructure from their own chip design tool and software developer platform, to a quantum chip fab, assembly line and data center, allowing the company to accelerate its innovation cycles, deliver best-in-class quantum computing to its customers and enabling the quantum ecosystem to grow.

 

 

Jan Goetz, Co-Founder and Chief Executive Officer, IQM,said: “We’re pleased to see such strong investor demand, particularly with the addition of Ilmarinen. This upsized commitment from one of Finland’s largest private earnings-related pension insurance companies underscores confidence in our technology roadmap and the progress we’re making with our Production Quantum – a model where our customers own the system, operate it, and grow with it. This commitment signals that the market recognizes our product readiness and the real value we’re delivering to customers tackling some of the world’s most complex problems.”

 

 

Peter Ort, Chief Executive Officer and Co-Chairman, Real Asset Acquisition Corp, said: “We reopened the PIPE because the demand is there from institutional investors who recognize what IQM has built — operational quantum computers, active customer deployments, and a commercial foundation that most of the quantum sector has yet to achieve. This capital positions us to scale aggressively into that lead.”

 

 

The securities being sold in the PIPE financing have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws and accordingly may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

 

 

This announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities being offered in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

 

 

Conference Call Information

 

 

Management of IQM and RAAQ previously hosted an investor conference call to discuss the transaction and review an investor presentation. Interested investors can access a webcast recording of the conference call by visiting https://iqm.tech/investors/.

 

 

Advisors

 

 

J.P. Morgan SE is serving as financial advisor and capital market advisor to IQM. J.P. Morgan Securities LLC and TD Cowen are serving as PIPE placement agents to IQM. Rothschild & Co is serving as financial advisor and capital markets advisor to IQM and its Board of Directors. TD Cowen is serving as financial advisor and capital markets advisor to RAAQ. Cohen & Company Capital Markets is serving as a capital markets advisor to RAAQ. Cooley LLP and Borenius Attorneys Ltd are serving as legal advisors to IQM, and Perkins Coie LLP, Krogerus Attorneys Ltd and Conyers Dill & Pearman LLP are serving as legal advisors to RAAQ. DLA Piper LLP (US) is serving as legal advisor to J.P. Morgan Securities LLC and TD Cowen. The Blueshirt Group is serving as investor relations advisor to IQM.

 

 

About IQM Quantum Computers

 

 

IQM Finland Oy (“IQM Quantum Computers”, “IQM”, “the company”) is a global leader in superconducting quantum computers, delivering full-stack quantum computers and cloud platform access to research institutions, universities, high-performance computing centers, national laboratories and enterprises worldwide. IQM’s on-premises deployment model gives customers direct ownership and control of their quantum infrastructure. Founded in 2018, headquartered in Finland, it has over 350 employees. IQM operates across Europe, Asia, and North America. IQM has filed an F-4 registration statement to the SEC with the intention to become the first publicly listed European quantum company on Nasdaq Global Exchange in the U.S by merging with Real Asset Acquisition Corp. (Nasdaq: RAAQ).

 

 

About Real Asset Acquisition Corp.

 

 

Based in Princeton, NJ, Real Asset Acquisition Corp. is a Nasdaq-listed (Nasdaq: RAAQ) special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The RAAQ team includes seasoned quantum computing experts with deep technical and industry experience.

 

 

¹ Assuming no redemptions from RAAQ public shareholders

 

 

² ECB reference exchange rate of EUR/USD of 1.175 as of December 31, 2025

 

 

Additional Information About the Proposed Transaction and Where to Find It

 

 

In connection with the business combination, IQM has filed a registration statement on Form F-4 (the “Registration Statement”), including a proxy statement/prospectus that will be mailed to RAAQ’s shareholders in connection with its extraordinary general meeting to be held to approve the business combination (the “Extraordinary General Meeting”). The Registration Statement, including the proxy statement/prospectus contained therein, contains important information about the proposed business combination and the other matters to be voted upon at the Extraordinary General Meeting. This communication does not contain all the information that should be considered concerning the proposed business combination and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. RAAQ and IQM may also file other documents with the SEC regarding the proposed business combination. RAAQ’s shareholders and other interested persons are advised to read, when available, the Registration Statement, including the preliminary proxy statement/prospectus contained therein, the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the proposed business combination, as these materials will contain important information about RAAQ, IQM and the proposed business combination. Shareholders may obtain copies of the Registration Statement, including the preliminary or definitive proxy statement/prospectus contained therein, and the other documents filed or that will be filed by RAAQ and IQM with the SEC, once available, without charge, at the SEC’s website located at www.sec.gov.

 

 

Forward-Looking Statements

 

 

This communication includes “forward-looking statements” within the meaning of the U.S. federal securities laws and “forward-looking information” within the meaning of applicable non-U.S. securities laws (collectively, “forward-looking statements”). Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based upon current estimates and assumptions that, while considered reasonable by IQM and its management, and RAAQ and its management, as the case may be, are inherently uncertain. These statements include: projections of market opportunity and market share; estimates of customer adoption rates and usage patterns; projections regarding the Company’s ability to commercialize new products and technologies; projections of development and commercialization costs and timelines; expectations regarding the Company’s ability to execute its business model and the expected financial benefits of such model; expectations regarding the Company’s ability to attract, retain and expand its customer base; the Company’s deployment of proceeds from capital raising transactions; the Company’s expectations concerning relationships with strategic partners, suppliers, governments, state-funded entities, regulatory bodies and other third parties; the Company’s ability to maintain, protect and enhance its intellectual property; future ventures or investments in companies, products, services or technologies; development of favorable regulations affecting the Company’s markets; the successful consummation and potential benefits of the proposed business combination and expectations related to its terms and timing; the stock exchanges on which the securities of the combined company are expected to trade; proceeds from the business combination and related PIPE; funds received by the combined company from RAAQ’s trust account and redemptions by RAAQ’s public shareholders; the Company’s ability to commercialize its hardware and software; the expectation that the Company is building the sovereign infrastructure that allows quantum ecosystems to grow; and the potential for the Company to increase in value.

 

 

These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of the Company and RAAQ.

 

 

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause the actual results of the combined company following the proposed transaction, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that the Company is pursuing an emerging technology, which faces significant technical challenges and may not achieve commercialization or market acceptance; the Company’s historical net losses and limited operating history; the Company’s expectations regarding future financial performance, capital requirements and unit economics; the Company’s use and reporting of business and operational metrics; the Company’s competitive landscape; the Company’s dependence on members of its senior management and its ability to attract and retain qualified personnel; the potential need for additional future financing; the Company’s concentration of revenue in contracts with government or state-funded entities; the Company’s ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; the Company’s reliance on strategic partners and other third parties; the Company’s ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use, rate of adoption and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; the combined company’s ability to maintain internal control over financial reporting and operate a public company; the possibility that required shareholder and regulatory approvals for the proposed transaction are delayed or are not obtained, which could adversely affect the combined company or the expected benefits of the proposed transaction; the risk that shareholders of RAAQ could elect to have their shares redeemed, leaving the combined company with insufficient cash to execute its business plans; the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; the outcome of any legal proceedings or government investigations that may be commenced against the Company or RAAQ; failure to realize the anticipated benefits of the proposed transaction; the ability of IQM or the combined company to issue equity or equity-linked securities in connection with the proposed transaction or in the future; and other factors described in RAAQ’s and the Company’s filings with the SEC. These forward-looking statements are based on certain assumptions, including that none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by the Company, RAAQ or the combined company resulting from the proposed business combination with the SEC, including under the heading “Risk Factors.” If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of the Company’s and RAAQ’s management as of the date of this communication; subsequent events and developments may cause their assessments to change. While the Company and RAAQ may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so, unless required by applicable securities laws. Accordingly, undue reliance should not be placed upon these statements.

 

 

In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this communication, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. An investment in RAAQ is not an investment in any of RAAQ’s founders’ or sponsors past investments, companies, or affiliated funds. The historical results of those investments are not indicative of future performance of RAAQ, which may differ materially from the performance of RAAQ’s founders’ or sponsors past investments.

 

 

Participants in the Solicitation

 

 

RAAQ, the Company and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from RAAQ’s shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of RAAQ’s shareholders in connection with the proposed transaction will be set forth in the Registration Statement, including the proxy statement/prospectus contained therein. You can find more information about RAAQ’s directors and executive officers in RAAQ’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 3, 2026 and in the subsequent Quarterly Reports on Form 10-Q filed by RAAQ with the SEC. Shareholders, potential investors, and other interested persons should read the Registration Statement, including the definitive proxy statement/prospectus contained therein, carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources described above.

 

 

No Offer or Solicitation

 

 

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any 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, including any European Economic Area member state or the United Kingdom. This communication is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom. Any potential dual listing of IQM’s ordinary shares on the Helsinki stock exchange referred to in this communication would be made by means of a prospectus as set out in the EU Prospectus Regulation. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260602993879/en/

 

Business Wire India

On May 8, 2026, the Temasek Life Sciences Laboratory (TLL) in Singapore hosted a prestigious event themed “Research Without Borders · Led by Evidence-Based Science.” Hosted by GeneIII and academically supported by TLL, the conference convened top medical scientists, clinical research experts, industry strategic analysts, and authoritative media representatives from both China and Singapore. Following a tour of the National University of Singapore and the Temasek Life Sciences Laboratory, attendees witnessed the world’s first public presentation of clinical trial results regarding EGT across five major areas of human health, leveraging the power of evidence-based science. These areas encompass ovarian reserve function, dysmenorrhea improvement, postpartum recovery, sperm motility, and kidney health. On this occasion, Frost & Sullivan officially released the English edition of the Global Ergothioneine Industry Current Landscape and Development Trends White Paper.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602366946/en/

 

 

 

On May 18, 2026, a launch event themed “Global Debut of the BoMaiYan Whitening Series New Products · GeneIII Traceability Journey” was held at the GeneIII headquarters in Jiangsu, China. The event brought together leading influencers in the beauty and skincare sector, dermatologists, renowned content creators, media representatives, and strategic partners. During this event, Frost & Sullivan released the Chinese edition of the Global Ergothioneine Industry Current Landscape and Development Trends White Paper. (To read the report, please visit: https://www.frost.com/growth-opportunity-news/healthcare/precision-health/from-scarce-ingredient-to-scalable-functional-commodity-scaling-ergothioneine-for-commercial-success-hls06_tg02_tgp_pg8s_jun26_cim-jh/)

 

This whitepaper elucidates that EGT, as a naturally occurring functional betaine amino acid, is one of the few natural antioxidants capable of penetrating cell membranes and accumulating within the mitochondria. Utilizing the OCTN-1 transporter for transmembrane uptake, EGT targets and enriches within mitochondria, where it directly scavenges reactive oxygen species (ROS) and blocks oxidative damage at its source. Concurrently, EGT possesses multiple regulatory capabilities, including anti-inflammatory properties and tissue repair. It is readily absorbed by most human tissues for systemic transport, preferentially accumulating in organs and cells with a high incidence of oxidative stress and inflammatory responses.

 

 

Extensive literature currently indicates that EGT regulates body health across multiple dimensions, covering a wide array of application scenarios such as liver injury protection, ocular care, cardiovascular health maintenance, reproductive health protection, anti-aging, anti-fatigue, systemic inflammation suppression, and immune homeostasis balance.

 

 

• In the field of women’s health, the current market faces multiple challenges including ovarian aging, primary dysmenorrhea, and preeclampsia. Relevant studies have demonstrated that EGT exhibits significant potential application value and prospects in enhancing ovarian reserve, alleviating dysmenorrhea symptoms, and reducing the risk of preeclampsia.
• In the field of anti-aging and whitening, abnormal melanin deposition and skin aging have become the two core focal points in contemporary skin health management and functional skincare. Existing research indicates that EGT holds remarkable application potential in anti-aging and whitening pathways; it can achieve the dual effects of improving pigmentation and delaying skin photoaging by inhibiting melanogenesis and mitigating UV-induced damage to skin structures.

 

Consequently, EGT possesses substantial application potential and is well-positioned to meet a diverse range of market demands.

 

From the perspective of the current global regulatory landscape and policy environment for functional ingredients, the United States stands out as a market with one of the most mature regulatory frameworks, the highest level of rule transparency, and a significant demonstration effect on other jurisdictions. Notably, the U.S. FDA has publicly announced that it will publish a proposed regulation in 2026 to require mandatory notification of all substances claimed to be GRAS (Generally Recognized as Safe), effectively ending the current self-affirmation pathway.

 

 

While tightening regulations does not necessarily restrict market growth, it inevitably raises the entry barriers for the industry. Consequently, companies equipped with a comprehensive safety evaluation system that are capable of completing formal notifications—or those holding recognized international compliance certifications—will find it easier to gain authorization from multinational clients and access multi-regional markets. Conversely, enterprises with insufficient compliance readiness may face heightened uncertainties during market expansion and client onboarding processes.

 

 

From the perspective of the current development environment and trends for EGT, structural changes triggered by the upgrading of health consumption paradigms, the reconstruction of anti-aging awareness, and the rise of evidence-based scientific concepts are driving the EGT market to transform into a fast-growing, “cognition-driven” market. The growth of the EGT market no longer relies solely on demographic structural shifts; instead, it increasingly depends on the enhancement of scientific understanding brought about by deeper consumer education, demonstrating market characteristics of high growth potential, premium pricing capability, and continuously rising penetration rates. Furthermore, the advancement of synthetic biology technologies has resolved traditional bottlenecks such as low extraction efficiency and chemical synthesis pollution, effectively reducing costs while improving purity, which has accelerated its transformation from a high-priced, scarce component into a functional raw material viable for large-scale application, thereby unlocking substantial growth potential for its market adoption across skincare, food, and other diverse sectors.

 

 

Furthermore, existing research demonstrates that EGT not only scavenges reactive oxygen species (ROS) but also participates to a certain extent in key physiological processes such as mitochondrial function protection and inflammatory response regulation, establishing a synergistic action framework of “antioxidation—energy metabolism—inflammation control.” This multi-mechanism synergy enables EGT to intervene in key physiological and pathological processes associated with oxidative stress—distinguishing it from conventional antioxidant ingredients that rely solely on “free radical scavenging”—and significantly enhances its depth of action and application value within the functional ingredient ecosystem. Consequently, the application logic of EGT is shifting from single-function development toward mechanism-centric, multi-scenario expansion; in this process, the competitive focus for industry players is likewise transitioning from a single-product footprint to systematic research and application extension centered around pathways and mechanisms of action.

 

 

From the perspective of current practice, this whitepaper analyzes how a selective few enterprises have already initiated forward-looking layouts along this path, among which GeneIII has established full industrial chain capabilities spanning strain construction, fermentation processing, purification technology, and terminal applications. The company embarked early on systematic research surrounding the multi-pathway mechanisms of action of EGT; starting from skincare applications, it has progressively extended into multiple directions including women’s health, liver function, and ocular health, forming a cross-scenario product and research ecosystem. Furthermore, distinct from traditional product development models driven by a single efficacy, GeneIII’s strategy emphasizes a “mechanism-driven application” expansion route—grounded in rigorous human clinical trials and backed by authoritative data—to explore the potential value of EGT across diverse application scenarios. This multi-domain development strategy centered on common biological mechanisms enables the company to secure strategic positions in certain application scenarios before they fully mature, thereby conferring a distinct first-mover advantage within the industry.

 

 

The chapters of the Global Ergothioneine Industry Current Landscape and Development Trends White Paper are as follows:

 

 

• Chapter 1 Overview of Ergothioneine

 

1.1 Definition and Mechanisms of Action of Ergothioneine

1.2 Analysis of Prevailing Technical Routes for

Ergothioneine Production

1.3 Characteristics of Ergothioneine Raw Materials and Finished Products

1.4 Analysis of Application Scenarios for Ergothioneine

1.5 Value Chain Analysis of Ergothioneine

1.6 Evolution of the Global Ergothioneine Market

• Chapter 2 Analysis of Ergothioneine Efficacy and Potential Effects in the Human Body

2.1 Overview of Tissue Distribution Characteristics and Potential Physiological Efficacies of Ergothioneine

2.2 Potential Role of Ergothioneine in Women’s Health

2.3 Potential Role of Ergothioneine in Whitening and Anti-aging

2.4 Potential Role of Ergothioneine in Men’s Health

2.5 Potential Role of Ergothioneine in Eye Health

2.6 Potential Role of Ergothioneine in Liver Health

2.7 Potential Role of Ergothioneine in Sleep Health

2.8 Potential Role of Ergothioneine in Neurodegenerative Diseases

• Chapter 3 Analysis of Global Ergothioneine Regulatory Landscape and Policy Environment

3.1 Overview of the US Ergothioneine Market Regulatory Landscape

3.2 Regulatory Pathways and Characteristics of the US Ergothioneine Market

3.3 Analysis of Related Industrial Policies in the US Ergothioneine Market

3.4 Regulatory Pathways and Characteristics of the EU Ergothioneine Market

3.5 Analysis of Related Industrial Policies in the EU Ergothioneine Market

3.6 Regulatory Pathways and Characteristics of the Chinese Ergothioneine Market

3.7 Analysis of Related Industrial Policies in the Chinese Ergothioneine Market

• Chapter 4 Developmental Landscape and Emerging Trends in the Ergothioneine Industry

4.1 Evolving Consumer Perceptions Bolstering Market Demand for Ergothioneine

4.2 Synthetic Biology Driving Cost Reductions and Benchmarking Scalable Quality

4.3 Stricter Regulatory Oversight Accelerating Industry Standardization

4.4 Mechanistic Breakthroughs: Advancing from Skincare Antioxidants to Holistic Healthcare

4.5 AI revolutionizes R&D Paradigms to Accelerate Lab-to-Industrialization

• Chapter 5 Ergothioneine Industry Benchmark Case Study – GeneIII

5.1 Corporate Profile

5.2 Brand Competitive Barriers and Product Matrix

5.3 Technological Innovation and R&D Platforms

5.4 Integrated Industry-Academia-Research Ecosystem

5.5 Elite Executive Management and Talent Pipeline Development

5.6 Future Strategic Roadmap and Development Planning

About Frost & Sullivan

 

Frost & Sullivan is a growth consulting firm dedicated to partnering with clients to leverage visionary innovation that addresses global challenges and capitalizes on related growth opportunities to drive the success of today’s market participants. For over 60 years, Frost & Sullivan has been providing growth strategy support to the Global 1000, emerging businesses, the public sector, and investment institutions.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260602366946/en/

 

Business Wire India

Felix Industries Limited, a leading environmental solutions and resource recovery company, reported a strong financial performance for FY26, driven by higher execution across waste management projects, expansion of recycling capabilities, and increasing international business traction.

For FY26, the Company reported revenue from operations of INR 102.21 crore, registering a growth of 177.6% compared to INR 36.82 crore in FY25. EBITDA stood at INR 31.88 crore, reflecting a growth of 131.2% year-on-year, while Profit After Tax nearly doubled to INR 18.18 crore from INR 9.11 crore in the previous year.

The Company also delivered a strong quarterly performance during Q4 FY26, with revenue from operations rising 188.1% year-on-year to INR 37.43 crore. EBITDA increased 66.8% to INR 9.32 crore, while profit after tax stood at INR 4.34 crore.

A key highlight during the year was Felix Industries LLC, Oman, the company’s wholly owned subsidiary, securing a contract worth approximately INR 45 crore from Oman LNG LLC, Oman. Further strengthening its presence in the Middle East, the securing of a landmark international contract worth approximately INR 60 crore from OQ8 Duqm Refinery & Petrochemical Industries LLC, Oman. This engagement covers hazardous waste collection, transportation, treatment, recycling, resource recovery, and environmentally compliant disposal services, reinforcing Felix Industries’ growing global footprint and execution capabilities in large-scale environmental management projects.

Further strengthening its integrated waste-to-value ecosystem, Felix Industries, through its wholly-owned subsidiary Felix Prime Metals Private Limited, completed the acquisition of Tierra Fertilizer Private Limited. The acquisition provides immediate access to metals recycling infrastructure and enhances the Company’s resource recovery capabilities, supporting its long-term circular economy and ESG-led growth strategy.

The Company’s operational improvements were also reflected in its capital efficiency metrics. Return on Capital Employed (ROCE) improved by nearly 400 basis points to 16.38% in FY26 from 12.39% in FY25, driven by better asset utilization, operating efficiencies and improved returns on invested capital.

Commenting on the performance, Mr. Ritesh Patel, Managing Director, Felix Industries Limited, said:

“FY26 has been a transformational year for Felix Industries as we scaled our operations, expanded our international presence and strengthened our resource recovery platform through strategic investments. The Oman contract, ongoing capacity expansion initiatives and the acquisition of Tierra Fertilizer collectively position us for the next phase of growth. We remain focused on building an integrated waste-to-value platform, expanding our global reach and creating long-term value through sustainable and circular economy-driven solutions. Based on the current business visibility and growth initiatives, we remain confident of achieving our targeted revenue range of INR 180–200 crore in FY27.

With increasing regulatory focus on environmental sustainability, waste management and resource recovery, Felix Industries continues to strengthen its position as a key player in the circular economy space, leveraging technology, operational expertise and strategic investments to drive sustainable growth.”

From Waste to Value. Creating Sustainable Growth Through Resource Recovery.

Disclaimer by Felix Industries Limited: This article contains forward-looking statements based on current expectations and assumptions. Actual outcomes may vary materially due to market conditions and other factors. The content is for informational purposes only and should not be considered investment advice or a recommendation to buy or sell securities.

Business Wire India

Andhra Pradesh Community Managed Natural Farming (APCNF) has been awarded the 2026 Food Planet Prize—the world’s largest environmental award—for its role in leading one of the most ambitious transitions to agroecology ever undertaken. The prize, worth $1.5m, was presented in Båstad, Sweden, on June 2.

The Curt Bergfors Foundation has announced Andhra Pradesh Community Managed Natural Farming (APCNF) as the winner of the 2026 Food Planet Prize, the world’s largest environmental award. All other finalists—Conscious Kitchen (US), NoPalm Ingredients (NL), and Savanna Institute (US)—received $150,000 in recognition of their work.

What APCNF does and why it matters for food systems transformation

Over the past ten years, 1.8 million farmers in southern India have joined what is now one of the world’s largest transitions to natural agriculture—and the numbers keep growing. Launched by the government of Andhra Pradesh, APCNF works through women’s collectives and a network of over 10,000 farmer trainers to help smallholders abandon synthetic inputs in favor of natural farming practices rooted in soil science and traditional knowledge. Year-round cover cropping and pre-monsoon dry sowing are among the methods being adopted across more than 8,000 villages.

What the prize will unlock

Winning the Prize will let APCNF go even further:

• More demonstration sites for visitors from India and beyond—to show the world what community-managed natural farming actually looks like;
• Country-by-country toolkits for large-scale, locally adapted implementation;
• New research partnerships to keep building the evidence base;
• A natural farming leadership course;
• More support for “farmer scientists”—smallholders trained at an academy to design and document their own field experiments, treating the farmers as legitimate leaders and the farms as sites of agricultural research.

In awarding the Food Planet Prize 2026 to APCNF, Professor Lindiwe Majele Sibanda, co-chair of the Food Planet Prize jury commented:

 

“APCNF demonstrates how nature-positive farming can be implemented across entire communities and regions, providing a scalable pathway for millions of farmers while simultaneously improving livelihoods, resilience, and environmental outcomes.

 

While transforming the way food is produced, APCNF has realised measurable reductions in dependence on synthetic agricultural inputs and enhanced resilience to climate shocks, droughts, and economic volatility. Essentially, APCNF shows how the future of agriculture can be built by working with nature rather than against it.”

 

In response to the award, Hon’ble Chief Minister, Shri. N. Chandrababu Naidu thanked the Jury of the Food Planet Prize team for recognising the 1.8 million-strong APCNF, the world’s largest Natural Farming Programme. “I am delighted that it is a ‘First’ for India. We assure everyone that Andhra Pradesh will not rest here. We would like to make Andhra Pradesh a 100% natural Andhra Pradesh by 2047. Restoring our resources, rejuvenating our farmlands, strengthening farmers’ wellbeing and healing the planet. We would like to support seeding natural farming in other States and outside. Congratulations to our team, farmers and women in this movement.”

 

The Hon’ble Minister for Agriculture Co-Operation, Marketing, Animal Husbandry, Dairy Development & Fisheries, Sri Kinjarapu Atchannaidu, extended his wishes on conferring the award for the APCNF program. “I congratulate APCNF, our 1.8 million farmers, our community resource persons and our women SHGs. Congratulations to RySS and the Agriculture Department for winning the Food Planet Prize 2026. A landmark recognition for Andhra Pradesh and India’s agricultural transformation. Thanks to natural farming, A.P’s 1.8 million farmers are reducing input costs and raising net incomes right from the first Year. Over 10,000 Community Resource Persons, 60% of them women, are driving farmer-to-farmer learning across the state. We are proud that 22 Indian states and two countries, Zambia and Sri Lanka, are actively replicating this model.”

 

Women’s self-help groups played a pivotal role in scaling up the Natural Farming in Andhra Pradesh. D. Chamundeshwari, a smallholder farmer from Vemuru Village, expressed happiness at the global recognition of their efforts. “At a time when farming communities are facing mounting climate and livelihood challenges, the transition to natural farming gave good results thanks to knowledge and skills acquired under the program.”

 

Sri. Budithi Rajasekhar, IAS (Retd.), Special Chief Secretary to the Government of Andhra Pradesh (Agriculture, Sericulture, Cooperation & Marketing), extended his wishes to the larger farming community of Andhra Pradesh. “I am elated to witness APCNF winning the Food Planet Prize 2026 from Curt Bergfors Foundation. This recognition reflects what becomes possible when government policy, community institutions, and scientific knowledge align behind a common vision. The Government of Andhra Pradesh made a policy choice, 10 years ago to treat natural farming as a state-wide agricultural transformation, backed by Community Resource Persons in every village and the organisational strength of our Women’s Self Help Groups. AP would march to be a 100% NF Andhra Pradesh soon.”

 

“APCNF is honoured to receive the 2026 Food Planet Prize on behalf of 1.8 million farm families, 700,000 farmworker families, and the 340,000 women’s self-help groups driving this transformation. We accept this Award for farmers across India who are showing the world a climate-resilient, nature-positive pathway, and we thank the scientists. A special thanks to Honourable Chief Minister Sri Nara Chandrababu Naidu, whose vision made it possible. This recognition strengthens our resolve to scale natural farming to all 6 million farmers of Andhra Pradesh,” says Sri. T. Vijay Kumar, IAS (Retd.) – Executive Vice Chairman, Rythu Sadhikara Samstha, Advisor to Government, Agriculture & Cooperation Department.

Business Wire India

SAP Labs India today announced the launch of SAP Startup Studio Cohort 2026, marking a decade of its flagship open innovation accelerator program focused on enabling startups to co-innovate, build enterprise-ready solutions, and scale through SAP’s global ecosystem. The six-month accelerator brings together high-potential startups across enterprise AI, agentic systems, quantum-safe security, robotics, cloud infrastructure, industrial intelligence, and sustainable manufacturing, with a strong focus on helping startups ‘build with SAP’ through deep collaboration with SAP’s product and engineering teams. Designed for early and growth-stage startups, the program provides access to SAP leaders, enterprise customers, partners, and global commercialization opportunities. The startups shortlisted for SAP Startup Studio Cohort 2026 include ANSCER Robotics, Oorja, Vizionsys Technologies, Astrikos, Drishya AI, Endee Labs, Grevoro, Quanfluence, QNu Labs, FUSKI AI, Ardent, Neoflo, SaarthiOS, Perceptory AI Labs, SecuAI, and Pulse Energy.

The cohort was selected through a multi-stage evaluation process including pitch sessions with SAP leaders and domain experts, focusing on enterprise relevance, innovation depth, scalability, and co-building potential within SAP’s ecosystem.

Speaking on the occasion, Sindhu Gangadharan, MD, SAP Labs India and President, Indo-German Chamber of Commerce, said, “At SAP, we believe meaningful innovation is driven through strong ecosystems, deep collaboration, and the ability to co-create with startups addressing real business and industry challenges. As we mark a decade of SAP Startup Studio, we are proud to continue fostering a platform that enables startups to work closely with SAP’s product, engineering, customer, and partner ecosystem to build scalable, enterprise-ready innovations for global customers.

The 2026 cohort brings together startups working across areas such as enterprise AI, agentic systems, robotics, industrial intelligence, energy innovation, and quantum-safe security — technologies that are expected to play an increasingly important role in shaping the future of enterprises and industries worldwide. We look forward to supporting these startups through mentorship, collaboration, and access to SAP’s global innovation ecosystem.”

SAP Startup Studio is designed to provide startups with a structured innovation journey spanning co-creation, validation, commercialization, and scale. Through the program, startups gain access to SAP leadership, domain experts, enterprise customers, and SAP’s global partner ecosystem, along with opportunities for go-to-market collaboration and enterprise adoption.

The key focus areas for the 2026 Cohort include enterprise AI and agentic systems, quantum computing and secure enterprise technologies, cloud and platform innovation, industry transformation, and emerging technologies such as robotics, distributed cloud, and enterprise automation. Through Startup Studio, SAP continues to strengthen India’s position as a global innovation hub while enabling startups to scale enterprise impact through collaboration and co-creation. In the past, QpiAI, Cloudworx, Yellow.ai, Skillate, AgriPilot.ai, MedySeva, Intelekt AI, Prodoc AI, and Avysh, amongst many others, were part of the SAP Startup Studio cohort.

The program also reinforces SAP’s role as an ecosystem orchestrator, bringing together startups, SAP product teams, customers, and partners into a unified innovation platform that enables a continuous co-creation, validation, commercialization, and scale loop to drive the next wave of enterprise transformation globally.

 

Business Wire India

 

• UpsideOnly draws more than 30,000 active users from 185 countries in its first two weeks
• Perpetuals signs exchange agreement with Datavault AI, bringing tokenized gold, copper, geothermal energy, and critical minerals to 24/7 regulated global trading

 

Perpetuals.com Ltd (Nasdaq: PDC) today reported strong early results for its breakout UpsideOnly trading and market prediction platform and announced an agreement with Datavault AI Inc. (Nasdaq: DVLT) to list tokenized real-world commodity assets on the Perpetuals platform.

 

In its first two weeks, traders flocked to the UpsideOnly platform, attracting more than 30,000 active users, generating $4.5 billion in cumulative platform volume across 186,000 fills and 25 instruments. Reflecting the widespread demand for a risk-free product, users came from 185 different countries. Surprisingly, gold was the top instrument with $1.4 billion in volume, outpacing bitcoin at $1.2 billion with precious metals accounting for roughly 35 percent of total platform activity.

 

 

UpsideOnly is the first trading and market prediction platform where users can’t lose. Traders make predictions across global markets and share in profits when those predictions are validated by Perpetuals’s proprietary AI, without ever putting up their own money.

 

 

Perpetuals also confirmed the company has signed a Mutual Services Agreement with Datavault AI, a real-world asset tokenization company, to list its commodity token programs on the Perpetuals exchange platform, targeting trading on PM MTF Ltd., the EU-licensed Multilateral Trading Facility operated on Perpetuals’s technology. The agreement initially covers the MTB Copper project, with provisions for expansion to additional programs spanning from gold, copper, geothermal energy, U.S. critical minerals, and European iron-nickel resources. These programs carry a combined targeted issuance of more than $328 million.

 

 

“The past two weeks have made clear that Perpetuals is building something that fills a major need in the market. UpsideOnly adoption has exceeded everything we projected, and now closing this Datavault AI agreement demonstrates our velocity,” said Matthew Nicoletti, Chief Strategy Officer and Director of Perpetuals. “We are moving fast and the momentum is real.”

 

 

“Perpetuals has built the regulated infrastructure that physical commodity tokenization needs and has been missing,” said Nathaniel T. Bradley, CEO of Datavault AI. “Partnering with a platform that has already demonstrated this kind of user growth puts our token programs in front of what we believe may be the largest possible audience at exactly the right moment for Datavault AI.”

 

 

About Perpetuals.com Ltd

 

 

Perpetuals.com Ltd (Nasdaq: PDC) is a fintech company developing AI-powered trading products and prediction markets, with a global footprint across the United States, Europe, and Asia. Its mission is to reduce risk through empowering retail users with intuitive, secure, and efficient trading experiences that span the world’s capital markets. UpsideOnly, the company’s flagship consumer product, is the first risk-free trading platform, pairing human market insight with proprietary BayesShield AI so users can share in trading profits without ever risking their own money.

 

 

Perpetuals’s proprietary AI system, BayesShield AI, combines advanced AI and data analysis. The technology is trained on billions of trades, monitors market activity in real time, identifies patterns for trading and risk decisions, and provides multi-asset coverage. The company’s technology is used by the EU-licensed Perpetual Markets Multilateral Trading Facility (MTF), PM MTF Ltd., which operates under full MiFID II, MiCA, DORA, and EMIR compliance.

 

 

About Datavault AI

 

 

Datavault AI™ (NASDAQ: DVLT) is leading the way in AI-driven data experiences, valuation, and monetization of assets in the Web 3.0 environment. The Company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Sciences and Data Sciences divisions.

 

 

Datavault AI’s Acoustic Sciences division features WiSA^®, ADIO^®, and Sumerian^® patented technologies and industry-first foundational spatial and multichannel wireless, high-definition sound transmission technologies with intellectual property covering audio timing, synchronization, and multi-channel interference cancellation. The Data Science division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation, and secure monetization.

 

 

Datavault AI’s platform serves multiple industries, including high-performance computing software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy, and more. The Information Data Exchange^® enables Digital Twins and the licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata, fostering responsible AI with integrity. The Company’s technology suite is fully customizable and offers AI- and machine-learning-based automation, third-party integration, detailed analytics and data, marketing automation, and advertising monitoring.

 

 

The Company is headquartered in Philadelphia, PA. Learn more about Datavault AI at www.dvlt.ai and https://dvlt.ai/insights.

 

 

Forward-Looking Statements: This press release contains forward-looking statements as defined within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the anticipated profitability to the company and users of UpsideOnly. Words such as “expect,” “will,” “positions,” “advancing,” “projected,” “anticipated,” and other similar expressions indicate forward-looking statements, though not all forward-looking statements contain such words. These statements reflect Perpetuals’s current view with respect to future events, are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to: the efficacy and accuracy of BayesShield AI, regulatory scrutiny, successful operation of UpsideOnly; user participation in the UpsideOnly platform; market conditions; the ability to realize anticipated benefits of UpsideOnly; the characterization of UpsideOnly under applicable gaming, sweepstakes, securities, and commodity-derivatives laws; patent issuance and enforceability of the BayesShield AI methodology; the company’s ability to raise capital to support the operation of the UpsideOnly platform; risks that the commodity token listing programs may not be completed on the anticipated schedule or at all; risks that the commodity token listing programs may not achieve anticipated trading volumes or liquidity; risks relating to evolving regulatory frameworks in jurisdictions applicable to tokenized commodity assets and digital securities; risks that applicable regulations may limit distribution or trading in certain jurisdictions; changes in market demand, economic, market, or regulatory conditions; and risks detailed in the company’s filings with the Securities and Exchange Commission. These statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the company, are inherently subject to significant business, economic, competitive, political and social uncertainties, and contingencies. Should one or more of these risks or uncertainties materialize, or should the assumptions set out by the company underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. These forward-looking statements are made as of the date of this press release and the company does not undertake any obligation to update these forward-looking statements, except as required by law. Perpetuals.com Ltd has an option agreement to acquire the affiliate company PM MTF Ltd., which will require a change of control approval by CySEC if exercised. Risk-free trading means that no losses from trading losses can occur to users, but does not include risks from other sources, including, but not limited to, the operational risks of the company.

 

 

We may use blog posts on our website as well as our social media accounts, including our accounts on X, LinkedIn, and Facebook, to disclose material information about the company from time to time.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260602746476/en/

 

Business Wire India

With today’s launch of the AI Shopping Assistant, Fit Analytics Innovation moves beyond the AI-hype-cycle to deliver the conversational guidance modern apparel shoppers crave.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602315868/en/

 

 

 

Two years ago, Fit Analytics Innovation did the unthinkable: they bought themselves back. Following a high-profile acquisition by Snap Inc., the management team recovered the award-winning Fit Finder and secured sixteen years of expertise and data insights. That bet on independence has culminated in the launch of the AI Shopping Assistant, the latest module available as part of their expanded product suite.

 

Delivering Performance Over P.R.

 

 

Unlike “overnight” AI startups rushing for market share, Fit Analytics has utilized its independence to prioritize depth over hype. The resulting AI Shopping Assistant is a native evolution of the company’s size and fit technologies, which include the size advisor Fit Finder, at-a-glance size guidance Fit Cues, and robust data portal.

 

 

Recent tests of the product suite modules with various large European retailers demonstrate:

 

 

• 42.5% increase in net revenue per visitor
• 3% drop in size-related return rates for apparel
• 15% reduction in return rate for shoes

 

 

“We don’t just throw an LLM on top of a database,” says Dr. Christoph Sawade, CTO. “The real value comes from the engines behind it that actually understand size, fit, and style. Two decades of building that structured mapping is what shapes our data, and what our recommendation engines compound. The result is an assistant that doesn’t hallucinate about fit and holds up on the heaviest traffic days of the year.”

 

Human Need vs. Ad-Play

 

 

The agentic AI push in retail is turning shopping into an ad auction, where brands pay to show up and shoppers see what paid to be there—not what fits.

 

 

“We’re making a bet that in three years online shopping will be unrecognizable,” says Mar Mercadé, CEO. “AI will drive that change; but the industry is moving in the wrong direction. Today it’s all arbitrage, paid discovery, and direct buy buttons that bypass relevance entirely. Our algorithm encodes relevance and maximum match accuracy from the ground up, so the first product you see is the right one.”

 

 

Fit Analytics is positioning its AI Shopping Assistant as a direct challenge to the “Google Shopping” model. While legacy players focus on “pay-to-play” keyword bidding, Fit Analytics uses its 16 years of industry wisdom to create human experiences that lead to more meaningful purchases and fewer returns.

 

 

Sovereign Intelligence in Action

 

 

By reclaiming independence, the team bypassed corporate red tape to build a concierge that acts as a deep-learning engine, understanding the “why” behind two decades of global returns.

 

 

“If the AI revolution just results in ‘more ads but make it AI,’ we’ve failed,” says Mercadé. “We’ve got what it takes to ensure that the perfect match is a real-world reality. We have the performance data to prove it works.”

 

 

The AI Shopping Assistant will be live for retailers in June.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260602315868/en/

 

Business Wire India

Kinaxis® Inc. (TSX:KXS), a global leader in supply chain planning and orchestration, today introduced Forward Deployed Engineering (FDE), a new engagement model designed to help enterprises operationalize AI and translate decisions into measurable business outcomes. FDE reflects the broader Kinaxis vision for operational orchestration, an approach that coordinates signals, decisions, actions and learnings across the business fast enough to change outcomes.

 

The opening keynote at Kinexions, the company’s global customer conference, delivered by CEO Razat Gaurav will be livestreamed globally on June 2 @ 11:30 am EST via LinkedIn Live.

 

 

This approach combines a unified data foundation with semantic intelligence that understands the relationships, dependencies, and trade-offs that shape enterprise operations. Together, these capabilities help organizations move beyond isolated decision-making to coordinated execution, connecting data, systems, teams, and actions across the enterprise.

 

 

Traditional planning operating models were built around isolated functions, fragmented decisions, and disconnected workflows. Concurrent planning introduced new principles of synchronized, cross-functional decision-making across supply chain planning processes. Operational orchestration extends those principles across enterprise operations, connecting planning, decision-making, and execution both within and beyond the supply chain to create adaptive organizations that continuously align, respond, and improve.

 

 

“The challenge companies face is no longer simply making better decisions faster, it’s ensuring those decisions drive real outcomes,” said Razat Gaurav, Chief Executive Officer, Kinaxis. “A supply chain decision only matters when it changes what the business can do. The next shift is ensuring decisions translate into coordinated action across the business. That only happens when AI is grounded in the physics of enterprise operations, understanding the constraints, dependencies, and trade-offs that define how work gets done. With that context, organizations can move from isolated decisions to continuous execution at scale.”

 

 

As organizations face increasing volatility, interdependencies, and scale, the challenge is no longer simply making better decisions. It is ensuring those decisions propagate across systems and processes in ways that reflect real-world constraints and deliver meaningful results. Kinaxis believes these same conditions now create the opportunity for AI to generate value, but only when it is grounded in the physics of enterprise operations.

 

 

Kinaxis addresses this challenge with composable, extensible capabilities across its platform. Kinaxis is embedding agentic AI directly into operational workflows, enabling new ways of working where teams collaborate with AI to continuously sense, reason, decide, and act within the context of the business. Built on a mature supply chain planning foundation, Kinaxis helps organizations move beyond isolated copilot toward coordinated, scalable execution grounded in their data, constraints, and operating realities.

 

 

To support this shift, Kinaxis is expanding beyond traditional software delivery into a model built on interoperable, composable building blocks. These capabilities, spanning data, semantic intelligence, decisioning, AI, and orchestration, can be assembled within Maestro to enhance planning or applied through the FDE motion to support broader operational orchestration across systems, workflows, and enterprise processes.

 

 

This shifts the engagement model:

 

 

• From features to outcomes, focusing on business impact rather than predefined requirements
• From project to product, building solutions that can scale and continuously improve
• From go-live to ownership, prioritizing sustained adoption and long-term value

 

Over time, the initial solutions developed through the FDE engagement establish the operational and intelligence foundation for enterprise AI within the customer’s environment. Built on real business context, data, workflows, and decision flows, this foundation enables customers and partners to continuously extend and scale additional agentic capabilities over time.

 

The result is a more mature operating model where humans and AI agents work seamlessly together across enterprise processes, coordinating decisions, actions, and execution across the flows of materials, resources, and operations that drive the business.

 

 

FDE will be available through Kinaxis account teams for selected customer engagements beginning at Kinexions. Kinaxis also announced a customer and partner hackathon focused on accelerating the development of AI-driven solutions aligned to real-world business challenges.

 

 

About Kinaxis

 

 

Kinaxis is a leader in modern supply chain planning and orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain — from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption. For more news and information, please visit kinaxis.com or follow us on LinkedIn.

 

 

Forward-Looking Statements

 

 

This press release contains forward-looking information within the meaning of applicable securities laws, including statements relating to the availability, functionality and expected benefits of Kinaxis’ Forward Deployed Engineering model and the Maestro platform, and anticipated customer outcomes. Forward-looking information is based on assumptions and is subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially. Such risks and uncertainties are described in Kinaxis’ filings with Canadian securities regulatory authorities, available on SEDAR+. Forward-looking information is provided as of the date of this press release and, except as required by law, Kinaxis undertakes no obligation to update such information.

 

 

Source: Kinaxis Inc.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260602419301/en/