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3650 Capital (“3650”), a nationwide alternative commercial real estate lender, special servicer and solutions provider focused on originating, servicing and asset-managing loans and providing advisory support to global institutions, today announced it has been named PERE Credit’s 2025 Alternative Lender of the Year in the sub-$5 billion real estate AUM category.

“We are honored to receive this recognition from PERE Credit which reflects the strength of our company’s unique business model as well as our team’s ability to consistently provide innovative capital solutions,” said 3650 Capital Co-Founder and Managing Partner Toby Cobb. “Over the last year, we have continued to successfully navigate complex and uncertain market conditions by maintaining our focus on deep borrower relationships and strategically deploying capital across geographies, asset classes, and property lifecycles.”

The award recognizes 3650’s exceptional performance in 2025, which reflected a total transaction volume of approximately $2.3 billion while expanding its offerings to include preferred equity and structured capital solutions through its Special Situations Investment Strategy (SSIS). This evolution, combined with 3650’s existing short-term Real Estate Credit Solutions (RECS) platform and Stable Cash Flow permanent financing capabilities, uniquely position the firm to address complicated transactions across the capital stack and any asset class.

3650 Capital Co-Founder and Managing Partner Jonathan Roth stated, “We are delighted to receive this award, especially at a time when we are utilizing our ability to step into complex situations that other lenders might avoid and providing the hands-on real estate expertise that today’s market demands. Whether it is ground-up construction, permanent financing or special situations, our vertically integrated platform allows us to deliver tailored solutions that help our borrowers achieve their desired business objectives.”

A select few of 3650’s notable transactions in 2025 include:

• A $143 million mezzanine loan for One Brickell Riverfront, a two-tower condominium development and one of the largest transactions in South Florida in 2025;
• A $74 million ground-up construction loan for Miami’s Bay Harbor Islands’ only trophy office building, One Kane Concourse, unique for being ground-up office construction as new office delivery remains low;
• A $32 million mezzanine loan for the ground-up construction of The Coastline, a Class A multifamily property in Stamford, CT;
• $18.5 million of a $36 million mezzanine loan for the NYC Prime Storage portfolio, comprising 7,200 self-storage units across three assets;
• A $14.5 million Horizontal Risk Retention tranche of a $290 million single-asset, single-borrower securitization collateralized by Alderwood Mall, a 1.2 million SF super‑regional shopping center in the Seattle metro area; and
• A $35 million Horizontal Risk Retention tranche of a $700 million single-asset, single-borrower securitization collateralized by Arcapita Industrial Portfolio, a portfolio of 167 flex industrial buildings totaling 7.2 million SF across nine U.S. markets.

3650 Capital provides diverse lending and investing capabilities to its borrowers, offering flexible capital solutions for everything from stable cash flowing assets to single-asset single-borrower (SASB) transactions, to transitional, opportunistic, mezz, preferred equity and special situations projects. The firm manages a loan servicing portfolio of approximately $16.3 billion in commercial real estate loans and securities.

About 3650 Capital

3650 (pronounced “Thirty-Six Fifty”) Capital is an alternative commercial real estate lender, special servicer and solutions provider, servicing portfolio loans for borrowers while providing a full suite of financing products. 3650’s highly differentiated lending process, national scale, vertically integrated platform and rated special servicer status enable it to deliver tailored financing and equity solutions, high-touch service and reliable, customer-focused outcomes. Additionally, 3650’s ability to retain the risk on each investment allows it to closely manage its portfolio. Co-Founders and Managing Partners Toby Cobb, Justin Kennedy and Jonathan Roth have played leading roles in the evolution of the commercial real estate debt markets. Headquartered in Miami, Florida with offices in New York, Los Angeles, Dallas, Atlanta, Nashville and Washington D.C. For more information, visit: www.3650capital.com.

3650 was among the managers recognized by The Korea Economic Daily for ‘Best Performance’ in the Real Estate Mid Cap category for its 2024 Best Asset Managers Awards. Additional details about The Korea Economic Daily’s selection methodology are available at: https://www.kedglobal.com/alternative-investments/newsView/ked202502260001.

THIS INFORMATION DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO BUY, SECURITIES IN ANY JURISDICTION.

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Smartly announced today an integration with Amazon DSP that enables advertisers to extend their Smartly video campaigns to Amazon’s premium CTV inventory, including Prime Video and Fire TV, and third-party publisher inventory. The new integration addresses growing market demand as CTV investment accelerates, with nearly 70% of marketers¹ planning to increase streaming budgets over the next year while seeking more personalization, agility, and measurable outcomes from their campaigns. The Smartly integration with Amazon DSP is available globally, with additional features rolling out later in 2026.

The integration brings streaming TV activation into advertisers’ existing workflows in Smartly through three core capabilities. Smartly enables AI-powered creative optimization and personalization from social channels to streaming. The new capability eliminates the creative production bottlenecks that prevent many advertisers from activating CTV campaigns. Advertisers can then create, manage, and optimize Amazon DSP campaigns within the same workflow they use for social advertising, with real-time performance visibility across channels. The unified approach enables cross-channel measurement of incremental reach, and the ability to streamline budget reallocation based on performance insights.

“As CTV matures, entertainment, commerce, and social are merging into one experience,” said Melissa Yang, SVP of Ecosystems & AI Applications at Smartly. “This integration gives marketers the performance precision and creative intelligence they’ve long expected in CTV, enabling personalization at scale, real-time optimization, and full-funnel impact. With intelligent creative and direct access to Amazon’s premium supply, Smartly brings the rigor and accountability modern marketers rely on.”

“Driving impactful business outcomes across channels is key for advertisers and this partnership brings CTV and social campaigns together for maximum, measurable impact,” said Erin McGee, Director, Partner and Advertiser Growth Marketing, Amazon Ads. “Through this integration with Amazon DSP, advertisers and agencies who work with Smartly can now extend their proven social creative to premium streaming inventory in a fraction of the time—driving efficiency, expanding reach, and making streaming TV activation as simple as their social advertising.”

As advertisers’ performance expectations for CTV grow, marketers increasingly need more than reach; they need visibility into cross-channel creative performance. Smartly addresses this need by connecting creative insights, activation, and measurement in a single platform, giving brands the agility and precision required to drive outcomes in a rapidly converging media landscape.

For more information, visit Smartly.io.

About Smartly

Smartly is the AI-powered advertising technology company ranked as the leader in The Forrester Wave™: Creative Advertising Technologies. Our platform unifies creative and media to produce intelligent creative, dynamic, data-driven image and video assets optimized for seamless activation across channels. Brands manage, optimize, and scale high-performance campaigns in one place, achieving PwC-validated results, including a 5.5x return on ad spend (ROAS) and 42 minutes saved every hour.

We support 800+ brands and manage over $7 billion in ad spend globally. With strategic partnerships across major media platforms, including Amazon, Google, Meta, Pinterest, Reddit, Snap, Spotify, and TikTok, we help Fortune 500 companies deliver relevant advertising at speed and scale. Backed by deep media expertise and best-in-class customer support, we empower brands to maximize performance and drive real business outcomes. Visit Smartly.io to learn more.

¹eMarketer, 2025

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Sangfor Technologies, a leading global vendor of IT infrastructure and Security solutions, is proud to announce a new Global Strategic Partnership with Cohesity, the leader in AI-powered data security. Under this new partnership, Sangfor has officially joined the Cohesity Aspire Managed Service Provider (MSP) Program, enabling Sangfor to provide enterprise‑grade business resilience solutions with Cohesity, including the resale of their products, worldwide, for the first time.

This partnership combines Sangfor’s agile Virtualization, Full stack HCI and AI Storage with Cohesity’s expanded data security portfolio, enabling organizations to better protect and recover critical data across hybrid and multi‑cloud environments.

A Partnership Built on Proven Technical Integration

The strategic alliance builds on a long history of robust technical collaboration. Sangfor was part of the Veritas Technology Ecosystem (VTE) program in 2024, utilizing the XBSA SDK to provide seamless, native integration between Sangfor’s infrastructure and NetBackup to help customers modernize their data protection strategies, particularly as organizations seek alternatives that offer comprehensive cybersecurity capabilities.

As a member of the Cohesity Aspire MSP program, Sangfor expects to evolve its technical foundation with Cohesity into a comprehensive commercial alliance. Sangfor is committed to “going further” together with Cohesity, leveraging the new commercial integration to significantly expand the number of markets globally where new joint customers can take advantage of superior enterprise-grade data recovery and business resiliency solutions.

The new membership within Cohesity’s Aspire MSP program can allow Sangfor to accelerate its managed services strategy, enabling more agile delivery, scalable consumption, and long-term customer value in more markets around the world than ever before.

Native Protection for the Hybrid Cloud Era

As a Cohesity MSP partner, Sangfor expects to release enhanced solutions featuring native integration with NetBackup, empowering customers to secure their data against ransomware and operational failures with Sangfor HCI and Enterprise Distributed Storage (EDS). This integration is expected to span Sangfor’s core infrastructure offerings and elevate data protection capabilities.

By combining Sangfor’s cloud‑ready infrastructure with Cohesity’s data resilience technologies, customers can gain a unified, enterprise‑class approach to safeguarding mission‑critical workloads.

Executive Perspectives

“Partnering with Cohesity marks a pivotal moment in our global strategy,” said Darren Du, Vice President of International Market Department at Sangfor Technologies. “We have already proven our technical alignment through our deep integration with NetBackup using the XBSA SDK. Now by joining Cohesity’s Aspire MSP Program, we are taking this to the next level, combining Sangfor’s agile infrastructure with Cohesity world-class data resilience capabilities, to offer our customers a native, unified, impenetrable shield for their digital assets.”

“We are delighted to welcome Sangfor as a Global Strategic Partner,” said Peter Hanna, Vice President of Partner Sales – Asia Pacific, Japan & Greater China at Cohesity. “Sangfor’s commitment to native integration with our NetBackup technology demonstrates their dedication to customer success. When combined with the global reach and established credibility of our solutions, together, we can enable enterprises worldwide to reduce business resilience gaps and can manage their data complexity with more confidence.”

Joint Customer Value

Together, Sangfor and Cohesity deliver clear, practical value to customers:

1. A true one‑stop solution for business hosting and data protection, combining Sangfor HCI, EDS, and Cohesity’s agentless backup integration to simplify deployment and strengthen resilience.
2. For existing Cohesity customers seeking an alternative to VMware, Sangfor provides a seamless virtualization platform with consistent user experience, ensuring full protection of prior investments while enabling smooth migration.

With Sangfor HCI/EDS + Veritas already validated, Sangfor will continue delivering deeper API‑native integration with Veritas in Q2 2026. Now is the perfect time to experience the next level of business resilience.

Contact us and request a demo today.

About Sangfor Technologies

Sangfor Technologies is a global leader in cybersecurity, cloud computing, and IT infrastructure, providing fully integrated and AI-driven solutions. Founded in 2000 and publicly listed since 2018 (STOCK CODE: 300454.SZ), Sangfor serves over 100,000 customers worldwide, including Fortune Global 500 companies, government institutions, universities, and healthcare organizations. With over 7000 employees and more than 70 branch offices across APAC, EMEA, and LATAM, the company is committed to delivering on its mission to Make Your Digital and AI Transformation Simpler and More Secure.

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Yubico (NASDAQ STOCKHOLM: YUBICO), a cybersecurity company, inventor of FIDO passkeys and creator of the YubiKey, the most secure passkey, today announced the opening of its third global headquarters in Singapore. This announcement reinforces Yubico’s long-term commitment to the Asia Pacific region and builds on its role in advancing open authentication standards, while shaping a safer digital world for all. The new office complements Yubico’s existing global headquarters in Stockholm, Sweden and Santa Clara, USA, reflecting its strategy to serve a growing international user base by helping customers deploy YubiKeys at scale to adapt to a rapidly evolving cybersecurity landscape.

“As the digital economy grows, there’s a decisive shift across Asia Pacific, where organizations are moving beyond legacy multi-factor authentication to meet rigorous new national regulations for identity protection,” said Jerrod Chong, Acting Chief Executive Officer at Yubico, a Singaporean. “The expansion of Yubico opening its third headquarters is more than just a new office; the company is committed to supporting the enterprises and public sector leaders who are defining the future of digital trust.”

In a fast-emerging era shaped by AI, autonomous agents and sophisticated cyber threats are accelerating at an unprecedented scale. The need for securing AI with “human-in-the-loop” has never been so urgent and is at the center of establishing trust and preserving privacy. Yubico solutions offer organizations of all sizes an ability to leverage the power of AI securely, effectively using the YubiKey as the hardware root of trust to authorize AI delegations with a human touch. This office allows the company to scale its mission of keeping digital identities, both humans and agents, secure across the region.

Yubico’s Singapore headquarters will serve as a strategic global center of excellence, housing supply chain, operations, sales, and administrative functions to support long-term regional growth, while investing in the development of local cybersecurity talent.Yubico will work closely with organizations across government, financial services, technology, telecommunications, manufacturing and other critical infrastructure sectors to strengthen cybersecurity resilience in the region through hardware-backed authentication solutions, including YubiKeys and YubiKey as a Service.

“Yubico’s expansion underscores Singapore’s position as a trusted hub for companies to build capabilities in advanced technologies and deploy digital innovation,” said Soo Haw Yun, Vice President, Global Enterprises, Singapore Economic Development Board. “With rising AI adoption and strong growth potential in the region’s digital economy, Yubico’s expansion is timely. We look forward to partnering the company to develop our local talent and strengthen the digital security of enterprises and users in the region.”

Developing Local Talent and Leaders for Global Impact

Alvin Toh, Director and Vice President of Supply Chain Operations in Asia Pacific, is heading Yubico’s Singapore office, with the support of Yubico’s global leadership team who will maintain a strong presence in the region to deepen partnerships, support customers and expand regional engagement as demand grows for phishing-resistant authentication. Toh’s appointment comes after more than 12 years with Yubico, where he began as an engineer and continues to lead the company’s regional supply chain operations.

“Singapore offers a unique combination of global connectivity, highly skilled talent and a strong innovation ecosystem,” said Toh. “Establishing our headquarters here allows us to work closer with organizations across Asia Pacific to advance modern authentication standards, regulations and improve cyber resilience.”

Advancing Digital Trust Through Social Impact

As part of its philanthropic Secure it Forward program that supports nonprofits, educational institutions and community organizations with donated keys, Yubico has already begun investing in youth-led cybersecurity initiatives in Singapore, including hack clubs such as BuildingBloCS, BlahajCTF, and GIIS Tech Club. The company will continue expanding partnerships with local schools, universities, and community programs to help nurture the next generation to be more security-aware and even develop talent that makes the community more secure in the years to come.

For more information about Yubico, visit yubico.com.

About Yubico

Yubico (Nasdaq Stockholm: YUBICO), the inventor of the YubiKey, offers the gold standard for phishing-resistant multi-factor authentication (MFA), stopping account takeovers in their tracks and making secure login easy and available for everyone. Since the company was founded in 2007, it has been a leader in setting global standards for secure access to computers, mobile devices, servers, browsers, and internet accounts. Yubico is a creator and core contributor to the FIDO2, WebAuthn, and FIDO Universal 2nd Factor (U2F) open authentication standards, and is a pioneer in delivering hardware-based passwordless authentication using the highest assurance passkeys to customers in 160+ countries.

Yubico’s solutions enable passwordless logins using the most secure form of passkey technology. YubiKeys work out-of-the-box across hundreds of consumer and enterprise applications and services, delivering strong security with a fast and easy experience.

As part of its mission to make the digital world safer for everyone, Yubico donates YubiKeys to organizations helping at-risk individuals through the philanthropic initiative, Secure it Forward. The company is headquartered in Stockholm, Santa Clara (California) and Singapore. For more information on Yubico, visit us at www.yubico.com.

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Korea Newswire, a leading provider of press release distribution service, has launched MediaBee, a comprehensive PR intelligence platform that leverages Korea’s largest media database to streamline complex local market dynamics for global companies and agencies.

While South Korea remains a pivotal Asian market, its fast-paced media landscape often presents entry barriers for global organizations. MediaBee mitigates these complexities by unifying journalist discovery, distribution, real-time monitoring, and team collaboration into a high-performance strategic workspace.

Precision Targeting with Korea’s Largest Media Database

MediaBee integrates an exhaustive database of 40,000 journalists and 7,000 media outlets, kept current through 900+ daily automated profile updates. By tracking real-time article activity, the platform provides PR teams with deep-dive profiles—from specific beats to outlet influence—enabling them to execute highly personalized and effective media strategies.

Dynamic Media Monitoring and Sentiment Intelligence

With a processing capacity of 200,000 articles per day, MediaBee offers unparalleled oversight of South Korea’s media output. The platform’s advanced analytics engine evaluates sentiment trends and media resonance, enabling PR professionals to measure campaign efficacy and mitigate reputational risks through data-driven insights.

Seamless Integration and Context-Aware PR Automation

MediaBee centralizes the PR value chain by unifying press release orchestration with targeted media relations and real-time impact tracking. Its integrated AI suite is purpose-built to navigate the unique nuances of Korean journalism, offering sophisticated support for content architecture and headline engineering that aligns perfectly with local editorial standards.

Dong-Ho Shin, CEO of Korea Newswire, stated, “Success in Korea’s dynamic media environment requires more than just data; it demands actionable, localized intelligence. MediaBee integrates our decades of trusted media expertise with cutting-edge AI to empower global brands to execute PR campaigns with the same strategic precision as seasoned local insiders.”

MediaBee is now accessible to global organizations and PR agencies aiming to amplify their media impact in South Korea. To explore the platform’s full capabilities, please visit www.mediabee.com.

About Korea Newswire

Established in 2004, Korea Newswire pioneered online press release distribution in South Korea and has since empowered more than 45,000 companies and agencies. The company maintains direct distribution channels with over 4,300 newsrooms nationwide and operates as the exclusive partner of Business Wire to disseminate press releases to more than 160 countries globally. www.koreanewswire.co.kr

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SBC Medical Group Holdings Incorporated (Nasdaq: SBC) (“SBC Medical” or the “Company”), a global provider of comprehensive consulting and management services to medical corporations and their clinics, today announced the appointment of Sheng-FU Hsiao as Chief Technology Officer (CTO), effective March 1, 2026. This appointment aligns with the Company’s 2026 management strategy, “Sophistication of Management Structure through AI and DX,” and strengthens its leadership team to accelerate technological transformation.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260302064873/en/

SBC Medical Appoints Sheng-FU Hsiao as CTO Leveraging Medical Big Data from 283 Global Locations and 6.63 Million Annual Patient Visits to Build a Scalable, AI-Driven Medical Management Infrastructure

SBC Medical is transitioning from a traditional labor-intensive management model to an AI-driven infrastructure to address structural challenges in the medical industry, such as productivity, quality, and transparency. The Company aims to establish a next-generation operating system―an “Automated Management Infrastructure” that optimizes everything from decision support to operational execution with high reproducibility and scalability.

To lead this technological shift, SBC Medical has welcomed Mr. Hsiao, who brings a proven track record of spearheading AI-specialized organizations and establishing IT governance for pre-IPO companies. In his previous roles, Mr. Hsiao successfully automated large-scale operations, including the implementation of AI call centers that reduced labor requirements by approximately 31% (equivalent to approximately 50 personnel) and improved response times by 30%. He also led the modernization of 20-year-old legacy systems into flexible microservices architectures. At SBC Medical, Mr. Hsiao will oversee the modernization of existing core systems and transform the Group’s vast clinical, customer, and management data into a strategic AI asset, while ensuring the highest standards of security, ethics, and data governance.

Key Initiatives for AI Transformation
Mr. Hsiao will work alongside Vice President Yuya Yoshida to lead the Group’s AI strategy. By integrating the vision of “SBC AI Lab” ―the in-house development organization led by Mr. Yoshida―with Mr. Hsiao’s technical execution capabilities, the Company will redesign its management “OS” beyond simple operational efficiency.

1. Autonomous Operations and Advanced Management
Implementation of AI-driven infrastructure to optimize all processes, from back-office tasks to patient booking flows. This scalable model aims to suppress fixed-cost ratios during business expansion.

• Implementation of AI Call Centers: Achieving 24/7/365 availability and reducing inquiry response times by 30%.
• Modernization of Core Systems: Shortening lead times for functional additions and updates by refreshing core systems operating across 283 global locations*1.
• Expansion of Back-Office Automation: Leveraging AI to increase the automation of back-office tasks, thereby reducing inventory loss and manual labor hours.
• Promotion of In-house Development: Maximizing ROI and reducing development costs through the advancement of internal development capabilities.
• Integration and Utilization of Patient Visit Data: Optimizing physician allocation and improving counseling conversion rates by leveraging data from 6.63 million annual patient visits*2.

Notes:
*1: Figures as of the end of December 2025, encompassing SBC brand clinics, Rize Clinic, Gorilla Clinic, AHH, JUN CLINIC, and OrangeTwist.
*2: Figures as of the end of December 2025, encompassing SBC brand clinics, Rize Clinic, Gorilla Clinic, AHH, and JUN CLINIC (with certain exceptions). These figures exclude free consultations. Unique patient counts and repeat rates for AHH and JUN CLINIC are estimated based on the ratio to the annual patient counts of the SBC brand, Rize Clinic, and Gorilla Clinic.

2.Customer Experience (UX) Innovation
Development of an “AI Concierge” providing 24/7 support and “AI Mirrors” for objective data visualization of treatment results, enhancing medical transparency.

3. Global Expansion of Medical OS
Deploying the AI-native management platform proven in Japan to global markets, including the U.S. and Southeast Asia, to rapidly replicate high-quality clinic operations.

About Sheng-FU Hsiao
After graduating from National United University in Taiwan, Mr. Hsiao studied at Curtin University in Australia. Following a career in trade management in China, he moved to Japan in 2008. He has served as CTO for over eight years across various organizations, driving growth through restructuring and advanced development. Most recently, he served as Executive Officer and CTO at an AI-specialized firm. He is fluent in Japanese, English, Mandarin, and Taiwanese.

Comment from Sheng-FU Hsiao
“I am confident that implementing the ‘Automated Management Infrastructure’ envisioned by SBC Medical will cause a paradigm shift in the medical industry. Working with Mr. Yoshida, I am committed to converting our massive data assets into value, delivering the highest standard of medical experience to customers worldwide, and creating an environment where medical professionals can focus on highly specialized tasks.”

About SBC Medical Group Holdings Incorporated
SBC Medical Group Holdings Incorporated is a comprehensive medical group operating a wide range of franchise businesses across diverse medical fields, including advanced aesthetic medicine, dermatology, orthopedics, fertility treatment, dentistry, AGA (hair restoration), and ophthalmology. The Company manages a diverse portfolio of clinic brands and is actively expanding its global presence, particularly in the United States and Asia, through both direct operations and medical tourism initiatives. In September 2024, the Company was listed on Nasdaq, and in June 2025, it was selected for inclusion in the Russell 3000® Index, a broad benchmark of the U.S. equity market. Guided by its Group Purpose “Contributing to the well-being of people around the world through medical innovation,” SBC Medical Group Holdings Incorporated continues to provide safe, trusted, and high-quality medical services while further strengthening its international reputation for quality and trust in medical care.
For more information, visit https://sbc-holdings.com/ For more insights and updates from SBC Holdings, follow us on LinkedIn

Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements are not historical facts or statements of current conditions, but instead represent only the Company’s beliefs regarding future events and performance, many of which, by their nature, are inherently uncertain and outside of the Company’s control. These forward-looking statements reflect the Company’s current views with respect to, among other things, the Company’s product launch plans and strategies; growth in revenue and earnings; and business prospects. In some cases, forward-looking statements can be identified by the use of words such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” “targets” or “hopes” or the negative of these or similar terms. The Company cautions readers not to place undue reliance upon any forward-looking statements, which are current only as of the date of this release and are subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. The forward-looking statements are based on management’s current expectations and are not guarantees of future performance. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. Factors that may cause actual results to differ materially from current expectations may emerge from time to time, and it is not possible for the Company to predict all of them; such factors include, among other things, changes in global, regional, or local economic, business, competitive, market and regulatory conditions, and those listed under the heading “Risk Factors” and elsewhere in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov.

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Today, Venture Global, Inc. (NYSE: VG) and Trafigura announced the execution of a new, binding agreement for the purchase of approximately 0.5 million tonnes per annum (MTPA) of U.S. liquefied natural gas (LNG) from Venture Global for five years commencing in 2026. This mid-term agreement offers greater flexibility to customers in the global LNG market and provides greater diversification for Venture Global’s LNG portfolio.

“Trafigura is a global leader in LNG trading, and we are pleased to execute this mid-term LNG supply agreement with them to provide the market with flexible and reliable U.S. LNG,” said Venture Global CEO Mike Sabel. “Global energy demand is stronger than ever, and this is an important step in executing our strategy of adding more mid-term agreements, which will diversify the tenor of our LNG portfolio. Venture Global looks forward to helping ensure the world remains well-supplied in the short, medium, and long term.”

Igor Marin, Global Head of Gas, Power & Renewables at Trafigura, commented: “This agreement with Venture Global, a leading American producer and exporter of LNG, further strengthens and diversifies our global portfolio – reinforcing our ability to connect U.S. supply with customers across key international markets. US LNG supply is increasingly critical to global energy security, and we look forward to building on this collaboration with Venture Global.”

About Venture Global

Venture Global is an American producer and exporter of low-cost U.S. liquefied natural gas (LNG) with over 100 MTPA of capacity in production, construction, or development. Venture Global began producing LNG from its first facility in 2022 and is now one of the largest LNG exporters in the United States. The company’s vertically integrated business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. The company’s first three projects, Calcasieu Pass, Plaquemines LNG, and CP2 LNG, are located in Louisiana along the Gulf of America. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities.

About Trafigura

Trafigura is a leading commodities group, owned by its employees and founded over 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world. We deploy infrastructure, market expertise and our worldwide logistics network to move oil and petroleum products, metals and minerals, gas and power from where they are produced to where they are needed, forming strong relationships that make supply chains more efficient, secure and sustainable. We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy, including through MorGen Energy and joint venture Nala Renewables.

The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar, fuel storage and distribution company Puma Energy, the Impala Terminals joint venture and Greenergy, supplier and distributor of transportation fuels and biofuels. The Group employs approximately 14,500 people, of which over 1,400 are shareholders, and operates in over 150 countries.

Visit: www.trafigura.com

Forward-looking Statements

This press release contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical facts, included herein are “forward-looking statements.” In some cases, forward-looking statements can be identified by terminology such as “may,” “might,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,” “target,” “continue,” the negative of such terms or other comparable terminology.

These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include statements about our future performance, our contracts, our anticipated growth strategies and anticipated trends impacting our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include our need for significant additional capital to construct and complete future projects and related assets, and our potential inability to secure such financing on acceptable terms, or at all; our potential inability to accurately estimate costs for our projects, and the risk that the construction and operations of natural gas pipelines and pipeline connections for our projects suffer cost overruns and delays related to obtaining regulatory approvals, development risks, labor costs, unavailability of skilled workers, operational hazards and other risks; the uncertainty regarding the future of global trade dynamics, international trade agreements and the United States’ position on international trade, including the effects of tariffs; our dependence on our EPC and other contractors for the successful completion of our projects, including the potential inability of our contractors to perform their obligations under their contracts; various economic and political factors, including opposition by environmental or other public interest groups, or the lack of local government and community support required for our projects, which could negatively affect the permitting status, timing or overall development, construction and operation of our projects; and risks related to other factors discussed under “Item 1A.—Risk Factors” of our annual report on Form 10-K for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (“SEC”) and any subsequent reports filed with the SEC. Any forward-looking statements contained herein speak only as of the date of this press release and are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements to reflect subsequent events or circumstances, except as may be required by law.

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Celebrating its philosophy of ‘Living It Large’, Seagram’s Royal Stag kick-started the much-awaited fourth edition of Royal Stag BoomBox with a spectacular opening night in Kolkata at Aquatica Ground on February 21. Building on the phenomenal success of previous editions, this year’s Royal Stag BoomBox raises the bar by seamlessly blending the best of music and gaming entertainment into one immersive experience. The electrifying evening drew thousands of fans who came together to witness performances by some of India’s most celebrated artists. From high-energy sets to unforgettable on-stage moments, the night delivered a powerful showcase of sound, spectacle and the unmistakable spirit of Generation Large.

The expansive Aquatica Ground in Kolkata transformed into a multisensory playground, featuring vibrant installations, immersive art displays, curated food experiences and interactive zones — going far beyond just music. The evening began with an electric face-off between gaming sensation Payal Dhare & a fan who battled through the gaming rounds at the event, clinched the win, and earned the chance to play alongside her. This was followed by a dynamic opening set by DJ Sahil Gulati, who instantly set the tone with his irresistible beats. The momentum intensified as rap powerhouse Dino James stormed the stage, firing up the crowd with his signature high-energy performance. Keeping the adrenaline soaring, the legendary rock band – Fossils followed with a thunderous set, showcasing their iconic rock sound and commanding stage presence. Bringing the evening to a memorable close, headliner Armaan Malik delivered a stunning finale, captivating fans with his soulful voice and chart-topping favourites, seamlessly reflecting the festival’s unique fusion of musical styles and leaving Generation Large with an unforgettable live experience.

Indian playback singer and song writer, Armaan Malik shared, “Royal Stag BoomBox has always celebrated music that unites people across genres and generations, and that’s something I genuinely connect with. For me, live shows are about real moments and shared energy. I was looking forward to coming to Kolkata for Season 4. The city has always shown me so much love, and it was absolutely thrilling to sing along with everyone.”

Legendary Rock band, Fossils added, “Royal Stag BoomBox represents the evolving sound of India, where different genres don’t compete, they collaborate. As a band, we’ve always believed in pushing boundaries and connecting deeply with our audience. Performing at Royal Stag BoomBox in Kolkata, our home turf, made it even more special and an unforgettable experience.”

Rapper Dino James said, “Performing at Royal Stag BoomBox Season 4 in Kolkata was an incredible experience. The city’s energy, passion and love for live music truly stood out. What makes Royal Stag BoomBox special is how it brings different sounds and cultures together on one powerful stage and being part of that in Kolkata felt electric.”

DJ Sahil Gulati said, “Royal Stag BoomBox is where sound met spectacle. As a DJ, creating that build-up and watching thousands move to the same rhythm in Kolkata was an unmatched feeling. Season 4 promised next-level production and energy, and I was thrilled to set the tone for an unforgettable night.”

Indian gaming content creator Payal Dhare shared, “Royal Stag BoomBox breaking the barrier between music and gaming is such a powerful move. Being part of Season 4 and bringing a live gaming face-off to the stage is incredibly exciting.”

Royal Stag BoomBox is renowned for creating immersive, multi-sensory experiences that blend spectacular sound and lighting with interactive fan zones and vibrant cultural showcases, each capturing the unique essence of its host city. The platform audaciously brings together Bollywood’s timeless melodies with hip-hop’s raw energy, creating the original sound of today’s generation – Generation Large. With Kolkata delivering an electrifying start to the season, the fourth edition is all set to carry that momentum forward, promising unforgettable nights of music and high-octane performances across the upcoming cities.

Next up, Royal Stag BoomBox heads to Vizag on 7th March, followed by Mumbai on 21st March, and Mohali on 28th March, as the festival continues its multi-city celebration of music, culture, and living it large.

Book your tickets now – https://www.skillboxes.com/events/business/royal-stag-boombox.

Pennant Technologies, an agile and innovative financial technology company, today announced that it has been recognised as a Representative Vendor in the 2025 Gartner® Market Guide for Commercial Loan Origination Solutions. This marks the third consecutive year Pennant has been featured in Gartner Market Guide research. According to Pennant, the recognition reflects the company’s increasing relevance in the evolving commercial lending technology landscape.

Gartner defines commercial loan origination solutions (CLOSs) as software applications that enable lending institutions to manage the end-to-end process of opening lending products, from application through underwriting and closing, for businesses of different sizes. They are typically offered as SaaS solutions (private cloud, public cloud or hybrid) or on-premises.

Pennant’s Loan Origination System (LOS), pennApps Lending Factory, is designed to support financial institutions across greenfield deployments, modernisation programs, legacy replacement initiatives, and large-scale cloud migrations, offering a cloud-agnostic, highly configurable platform that accelerates digital onboarding, underwriting, credit decisioning, and disbursement across commercial, SME, consumer, mortgage, fintech, and corporate lending products.

Gartner notes in its research, “CLOSs will continue prioritizing advanced technologies (such as IDP, generative AI [GenAI], AI agents and cloud-native architecture) as well as APIs, improved low-code/no code tools (for easier workflow configuration), automated financial spreading and document management. Bank CIOs will demand faster, more efficient loan processing, effective credit risk assessment supported by advanced analytics and AI, flexibility and scalability, seamless integrations, and an optimal and adaptable user experience.”

What differentiates Pennant in the AI era is its loan origination system’s integration with pennApps Agentic AI Studio, a lending-native agentic AI layer that embeds intelligent agents into core lending workflows. These agents augment human expertise with real-time document intelligence, adaptive risk insights, and explainable decision support, spanning KYC, underwriting, servicing, and collections.

Rather than relying on rigid automation, Pennant’s agentic AI enables context-aware reasoning, outcome-driven execution, and continuous learning, helping financial institutions reduce processing times, improve operational resilience during large-scale transitions, and enhance compliance and decision quality as systems scale. Importantly, institutions retain full control over policies, models, and risk frameworks, supporting trust and transparency as AI adoption matures.

“Being recognised by Gartner for the third consecutive year is a strong affirmation of Pennant’s vision to reimagine commercial lending through intelligent, flexible, and future-ready technology,” said Sireesh Patnaik, Chief Product & Technology Officer (CPTO), Pennant Technologies. “As financial institutions navigate increasing complexity and demand for speed, our pennApps Lending Factory, powered by configurable workflows and augmented by agentic AI through pennApps Agentic AI Studio, enables them to move beyond automation to truly intelligent, outcome-driven lending. This recognition underscores our continued focus on helping financial institutions modernise loan origination, enhance risk and compliance, and deliver superior customer experiences at scale.”

With a strong and proven track record of successful implementations across leading financial institutions, Pennant supports complex, large-scale lending transformation initiatives with an emphasis on phased execution and risk-managed change. Its robust integration frameworks, enterprise-grade architecture, and continuous platform evolution help financial institutions build long-term digital resilience while adapting to regulatory change and rapid advances in AI-driven innovation.

Gartner Report, Market Guide for Commercial Loan Origination Solutions, By Derek Frost, December 2025.

Gartner is a trademark of Gartner, Inc. and/or its affiliates.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Quectel Wireless Solutions, a global end-to-end IoT solutions provider, today announces the expansion of its 5G RedCap portfolio with the launch of the RM255C-GL for global markets and the RG255C-NA for the North America market, further strengthening its mid-tier 5G offering for worldwide deployments.

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Quectel expands mid-tier 5G portfolio with new RedCap 3GPP release 17 variants

As 5G expands further into industrial and IoT domains, the need for solutions that combine strong performance with cost efficiency is becoming increasingly critical. Positioned between high-speed eMBB and narrowband NB-IoT, 5G RedCap (Reduced Capability) has emerged as the ideal technology to address this mid-tier connectivity gap. With a comprehensive product portfolio and global deployment expertise, Quectel enables a seamless transition for mid-speed IoT applications moving toward scalable 5G connectivity.

The RM255C-GL is a 5G Sub-6GHz RedCap module in the M.2 form factor, developed in accordance with 3GPP Release 17. It supports peak data rates of up to 223Mbps downlink and 123Mbps uplink, with 5G Sub-6GHz standalone (SA) operation and LTE Cat 4 fallback. Backward compatibility with Release 15 and Release 16 networks ensures smooth deployment across existing infrastructures. Designed for seamless upgrades, the RM255C-GL is pin-to-pin compatible with Quectel’s RM5x0N and RM50xQ 5G series, and both pin-to-pin and size compatible with selected LTE-A and 4G modules including the EM06, EM12 series, EM160R-GL and EM05, simplifying migration from LTE to 5G RedCap.

The module integrates Qualcomm® IZat™ Gen 9VT location technology with optional multi-constellation GNSS support (GPS, GLONASS, BDS, Galileo, QZSS and NavIC), enabling fast, accurate and reliable positioning. With worldwide 5G and LTE coverage, support for 5G SA mode, embedded protocol stacks and high-speed USB 2.0 and PCIe 2.0 interfaces, the RM255C-GL is well suited to a broad range of mid-tier IoT applications.

The RG255C-NA is a 5G RedCap Sub-6GHz LGA module designed in compliance with 3GPP Release 17. Supporting key 5G capabilities including URLLC and network slicing, the module delivers peak data rates of up to 223Mbps downlink and 123Mbps uplink. It operates in 5G Sub-6GHz standalone (SA) mode with LTE Cat 4 fallback and is backward compatible with Release 15 and Release 16 networks, ensuring smooth migration and broad network coverage. Compatible with Quectel’s compact EG2x 4G module series, the RG255C-NA simplifies design upgrades while meeting mid-speed application requirements for higher capacity, low latency, and enhanced reliability in industrial and commercial deployments.

Purpose-built for industrial-grade applications, the RG255C-NA integrates Qualcomm® IZat™ Gen 9VT location technology, supporting multi-constellation GNSS including GPS, GLONASS, NavIC, BDS, QZSS and Galileo. The integrated GNSS receiver streamlines product development while enabling fast, accurate, and dependable positioning. A comprehensive suite of Internet protocols, industry-standard interfaces, including USB 2.0, PCIe 2.0, PCM, UART, SGMII and SPI, along with USB driver support for Windows 10/11, Linux and Android, ensures broad compatibility and flexibility across a wide range of 5G RedCap IoT applications.

“The commercialization of 5G RedCap is a key milestone in making 5G ubiquitous. For a long time, the industry has faced difficult trade-offs between performance and cost. The launch of Quectel’s two new RedCap modules aims to solve this core pain point,” commented Leo Yao, Product Director, Quectel Wireless Solutions. “Quectel offers not just a module, but a complete solution including hardware reference designs for application scenarios, external edge computing capabilities, and global certifications, significantly lowering customers’ product development barriers and time-to-market.”

As 5G adoption accelerates beyond consumer markets into industrial applications, demand is growing for solutions that balance performance with cost and power efficiency. In mid- to high-speed use cases such as Industrial IoT, video surveillance, and wearables, traditional 5G modules can be oversized in cost, power consumption, and form factor, while 4G technologies lack the bandwidth, latency, and long-term roadmap required for future deployments, particularly as LTE sunset plans advance in markets such as the United States. Defined in the 3GPP Release 17 standard, 5G RedCap addresses this gap by streamlining device capabilities to significantly reduce complexity, cost, and energy consumption, while retaining essential 5G features. Positioned between LTE Cat 4/6 and full 5G, RedCap is set to become a key enabler of scalable, industrial-grade 5G adoption.

Across sectors such as energy, mobile broadband, and wearables, 5G RedCap is overcoming the cost and power limitations associated with traditional 5G modules, delivering right-sized connectivity to support large-scale digital transformation. RedCap is well suited to smart grid deployments, delivering the ultra-reliable, low-latency performance utilities require while reducing module complexity and cost. In mobile hotspots and industrial sensor networks, it enables scalable, cost-efficient 5G connectivity, ideal for smart factories with large numbers of connected devices. For wearables such as smartwatches and fitness trackers, RedCap lowers power consumption and module size, supporting compact designs and extended battery life while bringing 5G to next-generation consumer and professional devices.

The RM255C-GL and RG255C-NA have successfully completed the required regulatory and industry conformance certifications, reinforcing their readiness for global deployment. The RG255C-NA is certified to FCC, IC and PTCRB standards, while the RM255C-GL has achieved CE, RCM, FCC, IC, GCF and PTCRB certifications. This comprehensive approval coverage streamlines device certification, reduces time to market and provides customers with confidence in seamless, compliant integration across target regions.

About Quectel

Quectel’s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we are a global end-to-end IoT solutions provider backed by outstanding support and services.

With a worldwide team of over 5,800 professionals, we lead the way in delivering end-to-end IoT solutions, spanning cellular, GNSS, satellite, Wi-Fi and Bluetooth modules, high-performance antennas, value-added services and full turnkey offerings including ODM services and system integration.

With regional offices and support across the globe, our international leadership is devoted to advancing IoT and helping build a smarter world.

For more information, please visit www.quectel.com or LinkedIn

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