Thrifty UAE Shifts Gears at ATM 2025 with Smart Kiosks, Flexible Rentals, and Ambitious Growth Plans

Consumer expectations around mobility are shifting. Convenience, speed, and personalisation are driving demand in the UAE’s growing car rental market. At Arabian Travel Market (ATM) 2025, Thrifty Car Rentals UAE is reintroducing itself as a brand designed for today’s on-demand world. From flexible rental options to the launch of a self-service kiosk experience, the brand is building a future-ready ecosystem shaped around how people live, move, and connect.

Flexible rental models for a dynamic customer base

Thrifty is launching two new services that cater to UAE residents, visitors, and entrepreneurs seeking convenience without long-term commitments. The Monthly Specials offering is tailored for customers who want affordable access to a vehicle, with the flexibility to renew or switch based on evolving plans. The Lease-to-Own model supports individuals on a path to vehicle ownership through manageable monthly payments and transparent terms.

Both offerings are designed to deliver greater value, particularly for customers navigating fast-paced lifestyles or transitioning through different life stages in the UAE.

Thrifty Rolls Into Hotels: Car Rentals at Your Fingertips"

Thrifty is redefining convenience for travelers by launching car rental services across leading hotel chains in key tourist hubs. With our cutting-edge tech now embedded at these locations, tourists can seamlessly book a rental car within seconds—right from their hotel lobby or room.

This initiative is designed to put mobility in the palm of our customers' hands, eliminating the usual hassle of searching for transportation. Whether it’s a spontaneous road trip or a planned excursion, travelers can now unlock a vehicle in just a few taps and get back to what they came for: experiencing the destination, not navigating logistics.

At Thrifty, we’re committed to enabling smarter, faster, and more intuitive travel—making every trip not just easier, but more enjoyable.

Accelerating footprint growth in key locations via region’s-first smart booking kiosk

As part of its long-term growth strategy, Thrifty is set to more than double its network of locations across the Emirates. The brand aims to expand to over 100 touchpoints within the next 18 to 24 months, focusing on high-demand zones such as residential neighborhoods, transit hubs, and retail destinations.

For this massive expansion, Thrifty UAE is marking the debut of their digital booking kiosk at ATM—a self-service station that simplifies the car rental process from start to finish. Customers can browse, select, and book a vehicle in minutes, with delivery to their location within one to three hours. Each kiosk will offer:

A fully digital booking experience

An intuitive touchscreen interface

Quick verification and payment options

Planned 24/7 live support integration

“Mobility today is about ease, access, and integration into daily life,” said Chand Soni, Head of Retail at Thrifty Car Rentals, Abu Dhabi, UAE. “Our goal is to meet people where they are—whether that’s through smarter locations, digital convenience, or partnerships that deliver everyday value. We’re building more than a rental network; we’re building a connected experience.”

Thrifty will begin rolling out these kiosks in residential communities, shopping centres, and strategic business districts, enabling easier access to rental services where customers live and work.

Loyalty-driven collaborations

To enhance customer value and everyday convenience, Thrifty UAE is entering into strategic partnerships with top regional brands across the Oil & Gas, retail, and tourism sectors. Announced at ATM 2025, Thrifty’s new partnerships with GeoWash UAE and Ocean Dusk Travels will unlock tangible benefits. Thrifty users will enjoy 50% off waterless car washes at GeoWash locations across the UAE, while Ocean Dusk customers will now have access to bespoke rental packages through Thrifty’s extensive nationwide network. These initiatives reflect the brand’s broader vision of going beyond rentals to deliver integrated mobility and lifestyle experiences, creating meaningful value for today’s cost-conscious, convenience-driven traveller.

With digital offerings, new product lines, and an ambitious growth roadmap, Thrifty Car Rentals UAE is investing in experiences that prioritise speed, simplicity, and accessibility. The launch at ATM 2025 signals a step towards a more connected and responsive mobility landscape—one built around the evolving needs of residents, travellers, and the communities they move through.

About Thrifty Car Rental UAE

Thrifty Car Rental is one of the world’s largest and most recognized car rental companies, known for catering to cost-conscious business and leisure travellers. Established in 1989 as part of A.A. Al Moosa Enterprises – a diversified group with interests across architecture, design, hospitality, real estate, and manufacturing – Thrifty Car Rental UAE has been a trusted name in the region for over 40 years.

Under the leadership of Mr. Abdullah Ahmed Al Moosa, the Chairman, Thrifty has built a strong reputation for offering both short- and long-term car rental services. With a focus on affordability and reliability, Thrifty is the go-to choice for customers seeking the most competitive monthly car rentals and leasing options in the UAE.

For more information, please visit: https://www.thriftyuae.com/

Permalink

https://www.aetoswire.com/en/news/2904202546258

Contacts

Melwyn Abraham

melwyn@matrixdubai.com

Merlin Cyber and Rimini Street Partner to Help the U.S. Government Slash IT Costs and Modernize Enterprise Software with Innovative, Proven Solutions

 TYSONS, Va. & LAS VEGAS - Wednesday, 30. April 2025 AETOSWire Print 

(BUSINESS WIRE)--Merlin Cyber, a leader in bringing innovative technology solutions to the U.S. Government, and Rimini Street, a global provider of end-to-end enterprise software support, products and services and the leading third-party support provider for Oracle, SAP and VMware products, today announced a strategic partnership to help the U.S. Government cut operating costs through DOGE and other initiatives and modernize existing enterprise software and systems.

A Partnership of Deep Solution and Public Sector Experience

This partnership will combine Merlin Cyber’s deep expertise in federal enterprise license agreements (ELA), public sector sales enablement and technology innovation with Rimini Street’s cost-effective and transformative enterprise software solutions, proven across thousands of contracts with the world’s biggest global organizations, Global Fortune 100 and 500 companies, public sector, government and military.

Through this partnership, Rimini Street will also leverage Merlin Cyber’s strategic government affairs, go-to-market and technical services to ultimately help federal, state and local government agencies maximize the ROI on their existing enterprise software assets to reduce total IT costs and drive efficiencies.

Transformation without Disruption™

Rimini Street can significantly reduce the operating costs of enterprise software by replacing the software vendor’s annual support, extend the life of existing ERP and other enterprise applications for up to 15 additional years with no required upgrades or migrations, and bring the newest AI, workflow and automation capabilities across existing ERP releases and other enterprise software. Rimini Street can modernize enterprise software, enabling the newest innovations – with no additional budget costs. Service commitments include ten-minute response times for critical Priority 1 cases anywhere in the world, 24/7/365. Client satisfaction for cases averages 4.9/5.0, where 5.0 is “excellent.”

“Partnering with Rimini Street aligns with our mission to bring innovative and cost-effective technology solutions to the public sector,” said David Phelps, chairman and CEO of Merlin Group. “Whether it’s transforming legacy ERP systems or other modernization initiatives, our focus together is to deliver high-quality, cost-saving enterprise software support and managed services across federal, state and local agencies.”

“Government agencies can significantly and immediately cut their operating costs by leveraging Rimini Street support and optimization services for their existing enterprise software and releases, and we are excited to partner with Merlin Cyber to expand our capability to help more federal, state and local government agencies cut their operating costs, get better service and extend the life of their current enterprise software products,” said Seth Ravin, chairman and CEO of Rimini Street. “Together with Merlin Cyber, we are poised to deliver even greater value to government agencies seeking cost-effective and mission-critical IT support. In fact, Merlin Cyber and Rimini Street recently completed our first joint transaction – bringing immediate and substantial IT cost relief and better enterprise software support to one of the largest cities in America.”

For more information, visit merlincyber.com and riministreet.com.

About Merlin Cyber

Merlin Cyber is the go-to-market affiliate of Merlin Group, a network of companies that invests in, enables, and scales technology companies with disruptive cyber solutions. Through Merlin Cyber, federal civilian, defense, state, local and education customers access innovative, public sector-ready cybersecurity solutions that meet government requirements and mission priorities. Merlin does this by selectively partnering with best-in-class cybersecurity brands, investing in visionary emerging technologies, accelerating partner growth, and enabling the U.S. Government to successfully keep ahead of today's critical threats, accelerate modernization and efficiency initiatives, and defend our nation. Learn more at merlincyber.com.

About Rimini Street

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support and innovation solutions and the leading third-party support provider for Oracle, SAP and VMware software. The Company offers a comprehensive portfolio of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software. The Company has signed thousands of contracts with Fortune Global 100, Fortune 500, midmarket, public sector, government and military organizations who selected Rimini Street as their trusted, proven mission-critical enterprise software solutions provider and achieved better operational outcomes, realized billions of US dollars in savings and funded AI and other innovation investments. To learn more, please visit https://www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “believe,” “continue,” “could,” “currently,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “goal,” “potential,” “predict,” “project,” “seem,” “seek,” “should,” “will,” “would” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, adverse developments in and costs associated with defending pending litigation or any new litigation, including the disposition of pending motions to appeal and any new claims; any additional expenses to be incurred to comply with any injunction ordered by the courts relating to the Rimini II litigation matter and the impact on future period revenue and costs incurred related to these efforts; changes in the business environment in which Rimini Street operates, including the impact of any macro-economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our expectations regarding new product offerings, partnerships and alliance programs, including but not limited to our partnership with ServiceNow; our ability to grow our revenue and accurately forecast revenue, along with the results of any efforts to manage costs in light of current revenue expectations and expansion of our offerings; the expected impact of reductions in our workforce during the last and current fiscal year and associated reorganization costs; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain additional qualified personnel, including sales personnel, and retain key personnel; our business plan, our ability to grow in the future and our ability to achieve and maintain profitability; our plans to wind-down the offering of services for Oracle PeopleSoft products, which may be impacted by pending decisions in the Rimini II litigation; the volatility of our stock price and related compliance with stock exchange requirements; our need and ability to raise equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats; any deficiencies associated with generative artificial intelligence (AI) technologies potentially used by us or used by our third-party vendors and service providers; our ability to protect the confidential information of our employees and clients and to comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, tariff costs (including tariff relief or the ability to mitigate tariffs, particularly in light of proposed policies of the new Presidential administration), a failure by us to establish adequate tax reserves, or our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance (ESG) matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our ability to maintain our good standing with the United States government and international governments and capture new contracts with governmental entities/agencies; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the transition to SOFR or other interest rate benchmarks; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on February 27, 2025, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2025 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250430619329/en/

Permalink

https://www.aetoswire.com/en/news/3004202546298

Contacts

Merlin Cyber Media Contact:

Stephen McCarney

smccarney@themerlingroup.com

+1 703.752.8356

Rimini Street Media Contact:

Janet Ravin

jravin@riministreet.com

+1 702.285.3532

kate spade new york’s Newest Campaign Starring Ice Spice and Charli D’Amelio Celebrates Those Who Friend Fiercely

 NEW YORK - Wednesday, 30. April 2025 AETOSWire  

Putting friendships center stage, the brand’s SS25 campaign, “To the Ones Who Carry Us,” celebrates those who - just like the brand’s signature Deco handbag – carry us through life.

(BUSINESS WIRE) -- kate spade new york today unveils its Spring/Summer 2025 global brand campaign, “To The Ones Who Carry Us,” starring Grammy-nominated Artist, Ice Spice, and dancer and multi-faceted social media star, Charli D’Amelio. Introducing a bold, seasonal campaign that embraces a fresh aesthetic to connect to younger audiences, the campaign celebrates the universal roles friends play in a girl’s life with creative scenes that bring modern, relatable energy to the brand.

“This campaign is a vibrant love letter to the friends who shape a girl’s life,” said Eva Erdmann, CEO and Brand President of kate spade new york. “Since joining the brand, we've been exploring new meaningful ways to connect with a younger audience. In a world where digital interactions often overshadow genuine connections, the profound bond of friendship becomes, more than ever, an indispensable anchor. kate spade new york’s latest campaign celebrates fierce friends: the ones who show up, have your back, and brighten the everyday. As Kate Spade herself once said, ‘A good friend is like the perfect handbag – always by your side, effortlessly lifting your spirit, and making every adventure a little more fabulous.’”

Starring Ice Spice—known for her fearless authenticity—and Charli D’Amelio—celebrated for her ability to resonate with her audience— kate spade new york’s latest campaign spotlights the Deco Chain Shoulder Bag in two new seasonal colorways. Set in a vibrant cityscape, the film captures the energy of Gen Z’s bold, fast-moving lives—and the fierce friends who carry them through it all. At the center is Deco: a versatile essential that seamlessly transitions from day to night, casual to polished, proving one bag can do it all. From the post-breakup pep talker to the friend group unifier, the campaign celebrates those who show up, stand out, and make every moment count.

Erdmann continued, “We celebrate the many facets of friendship, honoring the unique qualities that make every friend group special. Like the friends who carry us, the Deco handbag from kate spade new york takes center stage—symbolizing simplicity, functionality, and versatility as the perfect companion to your life.”

“Growing up in New York, I’ve always been a fan of kate spade and their iconic designs. This campaign was exciting to me because it’s all about celebrating friendships,” says Ice Spice. “My friends mean everything to me—they keep me grounded, especially my sister and cousins. They’re the ones I call when I’m homesick, when I’m hyped, or when I just need to be reminded of who I am and where I came from.”

“I’m so excited to partner with kate spade new york,” says Charli D’Amelio. “I’ve loved the brand for years, especially how its modern designs allow me to express my own personal style. I think it’s really cool to see how this campaign celebrates the power of friendship and the joy it brings. It makes me think of the lifelong friendships I have that started as a child, growing up, going to school together, being in the same dance company, or new friends I’ve met through work or moving to new cities – I am so grateful to have had the amazing opportunity of forming friendships with new people along the way.”

The Deco handbag steps boldly into the spotlight, reimagined for the season in standout Spring/Summer colorways—Blue Multi Denim, Jungle Vine, Pistachio, Sweet Cream and Apricot Cream. A modern expression of kate spade’s design DNA, Deco fuses clean lines, minimalist form, and effortless, everyday luxury. It’s made for the one who carries more than just her essentials—she carries her world, and often, everyone else’s too.

Spring/Summer 2025 Deco Assortment

The Spring/Summer 2025 collection is now available to shop with new styles continuing to roll out through spring and summer both in stores and online. The campaign will be revealed on kate spade new york’s channels beginning April 30.

Campaign Images & Video:

Images: HERE

Video: HERE

Credits:

Director: Henry Scholfield

Photographer: Micaiah Carter

Creative Strategy: Mandai Loop

Creative Agency: Marcel

Stylist: Emmanuelle Youchnowski

Producer: Olivier Dubocage

Production Design: Mark Connell

Music : Laurent Cuenca, Fiesta Piñata, BMG Production Music France

Hair: Jacob Aaron Dillon (Ice Spice), Laura Polko (Charli), Cheryl Marks

Makeup: Luz Alicia Giraldo Nogues (Ice Spice), Liv Madorma (Charli), Stella Tzanidakis

Nails: Brittney Boyce (Charli)

kate spade new york Summer 2025 lookbook:

FLAT-LAY: HERE

ON MODEL: HERE

About kate spade new york:

Since its launch in 1993 with a collection of six essential handbags, Kate Spade New York has always stood for color, wit, optimism, and femininity. Today, it is a global lifestyle brand synonymous with joy, delivering seasonal collections of handbags, ready-to-wear, jewelry, footwear, gifts, home décor and more. Known for its rich heritage and unique brand DNA, Kate Spade New York offers a distinctive point of view, and celebrates communities of women around the globe who live their perfectly imperfect lifestyles. Kate Spade New York is part of the Tapestry house of brands.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250430749778/en/

Permalink

https://www.aetoswire.com/en/news/3004202546296

Contacts

Media Contacts:

LaForce: katespade@laforce.nyc

AMGTA Gathers at Member Summit to Champion Sustainable Additive Manufacturing

DETROIT 

Global association gathers in Detroit to promote and celebrate sustainable manufacturing practices leveraging 3D-printing and additive technologies

(BUSINESS WIRE) -- The Additive Manufacturer Green Trade Association (AMGTA), a global trade group focused on promoting sustainable and resource efficient manufacturing through 3D-printing and related additive manufacturing (AM) technologies held its 2025 Annual Member Summit April 7th at The Shinola Hotel in Detroit. Over 80 delegates from around the globe attended and contributed to the sharing of practices and technologies.

Attendees heard from keynote speaker Rich Voorberg, President of Siemens Energy North America, on how additive manufacturing capabilities are transforming spare part inventories, refurbishment and maintenance, and creating bottom-line value through streamlined supply chains.

AMGTA Executive Director Sherri Monroe engaged Dr. Dean Bartles, President and CEO of Manufacturing Technology Deployment Group, in a one-on-one discussion of the state of advanced and additive manufacturing across the US and around the globe.

Additional topics of panel and small group discussions included artificial intelligence (AI) for more sustainable and efficient manufacturing, technological and organizational challenges to technology integration, and opportunities for these capabilities to address uncertainty and global market volatility.

AMGTA recognized member organizations for their Sustainability Impact across four categories, with some members recognized in multiple categories based on activities over the past year. These categories included:

Environmental Management Systems – recognition for maintaining ISO 14001 EMS certification in good standing

Sustainability Reporting – recognition for publicly publishing Sustainability/ESG/CSR reports

Environmental Sustainability Research – recognition for commissioning and publishing research that focused on environmental sustainability in additive manufacturing

Excellence in AM Sustainability – recognition for initiatives to expand the understanding and reach of the AM sector in promoting more sustainable manufacturing globally

Twenty-five accolades were awarded to thirteen member organizations including Aachen Center for Additive Manufacturing, Arkema, Continuum Powders, Aidro/Desktop Metal, EOS, Henkel, Höganäs, Hubbel, Materialise, RusselSmith, Sintavia, Stratasys, and Stryker. AMGTA’s Sustainability Impact Recognition acknowledges and encourages the significant efforts made by its member organizations in promoting AM technologies and practices for better, more sustainable, and economically advantageous manufacturing around the world.

This year’s trophies were 3D-printed from PA12 polymer powder waste using the SAF ReLife technology from Stratasys. This innovative approach not only reduces waste but also addresses key sustainability and economic concerns for manufacturers. With SAF ReLife, companies can take part in more eco-friendly manufacturing processes that align with Mindful Manufacturing™ principles, promoting a circular economy while cutting operational costs.

The SAF ReLife project introduces a groundbreaking solution to one of the most significant challenges in 3D-printing and additive manufacturing: waste management. Leveraging Stratasys' proprietary SAF technology, ReLife enables the reuse of PA12 powder waste generated by other powder bed fusion technologies, including SLS and MJF. Through advanced thermal control, this process transforms what was once unusable material into high-quality, functional parts, all without any added material costs.

About AMGTA

The AMGTA was launched in 2019 to better understand and promote the environmental benefits of 3D-printing and additive manufacturing strategies across the global economy. AMGTA members from around the globe represent the entirety of the manufacturing spectrum - from design and raw materials to end products and users - focused on innovating better, more sustainable, and financially advantageous products through best additive practices. For more information, visit www.amgta.org.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250425092570/en/

Permalink

https://www.aetoswire.com/en/news/2904202546251

Contacts

Sherri Monroe

smonroe@amgta.org

 

Dollar Unveils Innovative Mobility Solutions and Subscription Loyalty Program at ATM 2025

 UAE Car Rental Market Set to Hit $214 Million by 2029

With the UAE’s car rental market projected to surpass USD 214.7 million and serve more than 829,000 users by 2029, Dollar Car Rental UAE has seized the opportunity and spotlight at Arabian Travel Market (ATM) 2025 by unveiling a trio of innovative mobility services and a strategic lifestyle partnership with Danube Sports World.

Regionally, the Middle East car rental sector is growing even faster, forecast to expand at a CAGR of 10.42%, driven by booming tourism, digital transformation, and an increasing demand for flexible, customer-centric solutions. As international visitor spending rises and business travel rebounds, the demand for accessible, premium, and tech-enabled rental solutions continues to climb.

Recognizing the region’s surging demand for flexible, tech-enabled, and lifestyle-oriented mobility solutions, Dollar UAE has introduced three new services tailored to the evolving needs of customers:

Monthly Subscription – A hassle-free alternative to ownership, this model allows customers to drive a vehicle for a month or more with no long-term commitment, and allows them the flexibility to switch models based on their changing lifestyle, travel, or work needs. It’s ideal for expats, frequent business travellers, and those seeking ultimate flexibility.

Personal Lease (PL) – Designed for UAE residents and entrepreneurs, this long-term leasing solution offers an all-inclusive, worry-free experience and is a cost-effective alternative to traditional financing. With all-inclusive plans and no hidden fees, it simplifies the process of having a personal vehicle.

Dollar Prestige – Catering to those who seek comfort and class, this premium line features luxury vehicles including BMW, Lexus, and Mercedes-Benz. Whether for business meetings or weekend getaways, Dollar Prestige delivers an elevated driving experience.

“Dollar & More” – A First-of-Its-Kind Loyalty Program

In a move to further enhance customer engagement, Dollar UAE also launched ‘Dollar & More’, the UAE’s first homegrown loyalty program dedicated to car leasing and rentals. The program is designed to go beyond just rewarding frequent renters offering an integrated lifestyle experience. Members can get benefits on their rentals when they subscribe, or lease, and in near future will have a  growing range of lifestyle benefits including discounts on travel, dining, fitness, entertainment, and more.

“With Dollar & More, we’re moving beyond transactions to build a lifestyle-focused mobility ecosystem,” said Anudeeep Raghuthaman, Head of Sales & Marketing, Dollar Car Rental UAE. “We’re building a community of modern travelers and residents who value choice, convenience, and rewards that go beyond the road.”

Driving Lifestyle and Mobility Forward

As part of this broader lifestyle vision, Dollar UAE also announced a collaboration with Danube Sports World, offering exclusive rental discounts to Danube customers. The partnership will evolve into joint offers and experiences that reflect the shared ethos of customer-centric innovation.

The UAE’s position as a global travel and business hub—combined with its smart mobility strategies and rising visitor numbers—continues to shape the evolution of car rental. Dubai alone has recorded double-digit growth in tourist arrivals, and its 2040 Urban Master Plan prioritizes sustainable, tech-enabled urban mobility.

“Customers today want freedom and flexibility, without the baggage of ownership,” added Anudeep. “Our new services are built for this modern mobility mindset, helping residents and visitors navigate the UAE with ease and elegance.”

With its latest services and strategic collaborations, Dollar UAE is actively influencing the future of mobility in the region, setting new standards for flexibility, convenience, and customer experience.

About Dollar Car Rental UAE

Dollar Car Rental, a globally recognized leader in the rental car industry, operates with a commitment to providing exceptional customer service and a high-quality fleet of vehicles. Whether for leisure or business travel, Dollar ensures a seamless experience for all customers with its convenient locations nationwide and worldwide.

Dollar Car Rental UAE is proud to collaborate with top-tier brands such as Pepsi, Mai Dubai, RTA, ZULAL, NFPC, Aramex, Carrefour, and more. As a trusted partner in total transportation solutions, Dollar helps these companies reduce fleet management costs, improve fleet compliance, and achieve tailored business goals through customized vehicle builds and flexible leasing options.

With one of the largest and most diverse fleets in the UAE, Dollar Car Rental is the ideal choice for businesses requiring reliable transportation of valuable or perishable goods, offering long-term leasing options up to 5+ years.

For more information, please visit: https://www.dollaruae.com/

Permalink

https://www.aetoswire.com/en/news/2904202546259

Contacts

Melwyn Abraham

melwyn@matrixdubai.com

EXEED Unveils AiMOGA Intelligent Robots and ES Performance Edition at Shanghai Auto Show Pioneering a New Era of Smart and Performance-Driven Innovation

 Global premium automotive brand EXEED made a striking appearance at the 2025 Shanghai Auto Show under the theme “Shift To Tomorrow,” unveiling its three major new energy models—ET, ES, and RX PHEV—alongside its self-developed AiMOGA intelligent robots.

As a highlight of the press conference, EXEED showcased the AiMOGA robots’ “multi-robot collaboration” capabilities for the first time, demonstrating the brand’s leadership in intelligent technology. Meanwhile, the global debut of the ES Performance Edition drew widespread attention from media and audiences, impressing with its aggressive race-inspired design and outstanding performance.

EXEED Accelerates AI Robot Development, Ushering in the Era of Intelligent Mobility

EXEED began humanoid robot research and development in 2020. In 2023, the company officially released its self-developed robot and robotic dog ecosystem products.

In 2024, EXEED announced an investment of over AED 100 million to accelerate its robotics business, which has now entered the mass production phase. During the Shanghai Auto Show, AiMOGA robots successfully completed a “multi-robot collaboration” demonstration, marking a major milestone in EXEED’s robotics journey and paving the way for further breakthroughs in intelligent mobility.

Upgraded Multi-Robot Coordination: "One Command, Multiple Robots Collaboration"

"In the past, one robot would receive and execute voice commands; today, one robot understands your instructions and coordinates multiple robots to complete tasks," explained the AiMOGA Intelligent System lead.

At the show, audiences witnessed a "multi-robot squad" of three robots, executing tasks such as welcoming guests, delivering water, and providing directions, based on a unified large model framework for language understanding and task scheduling.

Achieving this “multi-robot one-brain” coordination was a major technical challenge. To overcome it, the team developed a scheduling algorithm integrated with a large model mechanism, enabling the robots to receive and execute unified commands with flexible task division—much like a coordinated workgroup.

Qin Chao, CEO of EXEED, stated:

"EXEED is not only focused on robotics development but also applies breakthroughs in language interaction and AI technology to our high-end vehicles, creating a 'human-vehicle-robot' intelligent mobility ecosystem for an even smarter and more convenient user experience."

Global Debut of the ES Performance Edition

At the EXEED press conference, the ES Performance Edition made a stunning debut. It builds upon the “Nature’s Power” design philosophy while deeply integrating the brand’s performance DNA.

In terms of design, the ES Performance Edition introduces extensive track-grade aerodynamic enhancements to its streamlined fastback silhouette. This ensures it maintains the industry-leading acceleration of 0–100 km/h in just 3.7 seconds, while also delivering sharper handling and a more aggressive, performance-focused aesthetic.

Lightweight construction was pushed to the extreme with widespread use of carbon fiber in key areas—including the grille, hood, side skirts, rear wing, and rear diffuser. A full carbon-fiber hood with a large ventilation outlet, carefully placed aerodynamic blades across the body, and an adjustable two-stage rear wing combine to craft EXEED’s distinctive performance coupe identity.

At speeds of up to 210 km/h, the rear wing generates 110 kilograms of downforce, significantly enhancing road adhesion and high-speed stability.

The ES Performance Edition also makes a bold statement with its "Pulse Green" metallic fluorescent paint. The high-saturation fluorescent base, infused with shimmering multicolored particles, reveals a radiant golden pulse under strong light, while transforming into a mysterious dark green in shadow. The shifting metallic particles create a dynamic "breathing" effect, delivering a visually stunning, pulse-like impact that brings the vehicle vividly to life.

The UAE is the launch market for EXLANTIX. It is reported that EXEED plans to expand into high-regulation markets, including European countries such as Norway and Denmark, and will gradually launch a series of track tour test drive events across global markets.

Permalink

https://www.aetoswire.com/en/news/3004202546274

Contacts

Melwyn Abraham

melwyn@matrixdubai.com

DC Secretary Announces Annual Determinations Committees Outcome

 (BUSINESS WIRE)--DC Administration Services, Inc. has today announced the composition of five regional Determinations Committees (DCs), effective from April 28, 2025.

Global Dealer Voting Members (for all Regions):		Non-Dealer Voting Members (for all Regions):
Bank of America, N.A.		Citadel Americas LLC
Barclays Bank plc		Elliott Investment Management L.P.
BNP Paribas		Pacific Investment Management Company LLC
Citibank, N.A.
Deutsche Bank AG
Goldman Sachs International
JPMorgan Chase Bank, N.A.
Regional Dealer Voting Member for the Americas, EMEA, Asia Ex-Japan, and Japan Determination Committees:		CCP Members for the Americas, EMEA, Asia Ex-Japan, and Australia-New Zealand Determinations Committees:
Mizuho Securities Co., Ltd.		ICE Clear Credit LLC
		LCH S.A.

The process for selecting DC members is specified in the DC rules. The DC rules, along with more information about the Determinations Committees and what they do can be found at the Determinations Committees website: https://www.cdsdeterminationscommittees.org/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250430662947/en/

Permalink

https://www.aetoswire.com/en/news/3004202546300

Contacts

Press Inquiries:

Orlando Figueroa, orlando.figueroa@citadelspv.com

A ‘Complete Revolution’ in Manufacturing: NTT DATA Research Reveals GenAI’s Transformative Potential and Impact on Core Functions

TOKYO & LONDON - Wednesday, 30. April 2025

Despite clear opportunities to improve efficiency and bottom-line performance with GenAI, lack of usage policies and essential guardrails leave most manufacturers at risk

(BUSINESS WIRE) -- NTT DATA, a global leader in digital business and technology services, today introduced new data that shows manufacturing organizations worldwide are increasingly turning to GenAI to establish smart factories, spur innovation, improve productivity, build resilience and gain competitive advantage. The report – "Feet on the Floor, Eyes on AI: Do you have a plan or a problem?" – also uncovers significant challenges related to workforce and infrastructure readiness as well as ethical frameworks for governance.

The study surveyed more than 500 manufacturing leaders and decision makers in 34 countries. Key findings include:

    95% of respondents said GenAI is already directly improving efficiency and bottom-line performance.

    94% expect the integration of Internet of Things (i.e., IoT/edge) data into GenAI models will significantly improve the accuracy and relevance of AI-generated outputs.

    91% say combining digital twins and GenAI will improve both physical asset performance and supply chain resilience.

    Respondents said their most frequent use cases are supply chain and inventory management; knowledge management; quality control; research and development; and process automation.

“AI is streamlining processes and redefining what’s possible across the entire manufacturing value chain, from supply chain predictions to quality control,” said Prasoon Saxena, Co-Lead, Products Industries, NTT DATA, Inc. “GenAI can help organizations achieve flexibility in fast-changing business environments, especially in the face of uncertain tariff policies worldwide.”

Challenges to Success

Satisfaction with AI initiatives has surged over the past year, yet manufacturers still face significant challenges that include:

    Infrastructure: 92% of manufacturers said old technologies hinder vital initiatives, but less than half have conducted a full infrastructure readiness assessment.

    Complementary technologies: 94% expect the integration of Internet of Things (i.e., IoT/edge) data into GenAI models will significantly improve the accuracy and relevance of AI-generated outputs, yet not all are confident in their ability to complete such integrations.

    Responsible frameworks: While ethical AI is on the radar, only 47% of manufacturing leaders strongly agree their organization follows a robust framework that balances risk with value creation.

    Workforce readiness: Two-thirds of manufacturers say their employees lack the necessary skills to use GenAI effectively, creating functional and operational disadvantages and risks.

    Data Management: Just 41% of manufacturers strongly agree they have enough data storage and processing capabilities to support their GenAI workload needs, which will limit success.

“The most successful manufacturing organizations have already integrated GenAI into essential operations,” Saxena said. “Companies failing to plan, deploy and govern GenAI strategically will not only have a problem, they may be planning to fail.”

Visit our website to learn more about NTT DATA’s AI services for manufacturing.

About NTT DATA

NTT DATA is a $30+ billion trusted global innovator of business and technology services. We serve 75% of the Fortune Global 100 and are committed to helping clients innovate, optimize and transform for long-term success. As a Global Top Employer, we have experts in more than 50 countries and a robust partner ecosystem of established and start-up companies. Our services include business and technology consulting, data and artificial intelligence, industry solutions, as well as the development, implementation and management of applications, infrastructure and connectivity. We are also one of the leading providers of digital and AI infrastructure in the world. NTT DATA is part of NTT Group, which invests over $3.6 billion each year in R&D to help organizations and society move confidently and sustainably into the digital future.

Visit us at nttdata.com

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250430610999/en/

Permalink
https://www.aetoswire.com/en/news/3004202546295

Contacts

Media Contact
Public Relations
Public.relations@nttdata.com

PUMA Launches Go Wild Podcast, Featuring Inspiring Brand Ambassadors and Spokespeople That Have Redefined the Game

  HERZOGENAURACH, Germany - Wednesday, 30. April 2025 AETOSWire 

Usain Bolt features as first podcast guest with untold stories in new podcast launch

(BUSINESS WIRE) -- Global sports company PUMA launches the ‘Go Wild Podcast’ as the brand continues to amplify its ‘Go Wild’ philosophy. The first initial episodes are hosted by sprint and hurdle legend Colin Jackson and will feature intimate interviews with a collective of high-profile ambassadors, athletes, and influencers associated with PUMA – also known as The PUMA Wild Ones - who embody PUMA’s philosophy to Go Wild by fearlessly redefining their fields in sport.

The first episode begins with a compelling conversation between Colin Jackson and the fastest man in the world, Usain Bolt, in a 30-minute sit-down interview. Listeners can expect an upbeat and playful conversation, diving into moments of triumph, emotional highs, and breakthroughs that have defined Bolt’s extraordinary career, including overcoming lows such as the infamous 2011 disqualification.

The Go Wild Podcast delves into both sport and lifestyle, with conversations rooted in authenticity, courage, and self-expression. Through these podcast stories, PUMA aims to connect with its audience on a deeper level, embracing the aspirations of a new generation.

Julie Legrand, Global Senior Director Brand Strategy and Communication at PUMA, says: “The launch of our new Go Wild Podcast allows our audience to delve deeper into PUMA’s brand DNA, told through the lens of inspiring individuals who truly embody PUMA’s philosophy. At PUMA, we want to champion the individuals who have the courage to be themselves, and this first episode with Usain Bolt can do this perfectly. With more intimate conversations on the Go Wild podcast, we aim to inspire a new generation to embrace boldness, authenticity, and self-expression.”

Following the launch of PUMA’s largest global brand campaign to date in March, which champions the courage to be yourself and the joy of sport, the Go Wild Podcast delves into the personal journeys of those who embody this philosophy.

Episodes will feature as part of a wider Go Wild content series by PUMA, which will roll out full-profile video content on notable figures in sport and culture, alongside content at major global sporting events this year such as the Boston Marathon and the Women’s Football Euro Championship.

To watch the first full Go Wild Podcast episode with Colin Jackson and Usain Bolt, visit here, and to see more on the Go Wild global brand campaign, visit www.puma.com or follow our journey on social media @PUMA.

Notes to editors:

Go Wild Podcast Playlist on YouTube: LINK

First Episode on YouTube: LINK

Images: LINK

PUMA

PUMA is one of the world’s leading sports brands, designing, developing, selling and marketing footwear, apparel and accessories. For 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes. PUMA is committed to redefining sport and self-expression, empowering athletes and consumers to perform at their best while staying true to who they are. With a focus on innovation, authenticity, and joy, PUMA continues to push the boundaries of performance and sports-style. PUMA offers performance and sport-inspired lifestyle products in categories such as Football, Running and Training, Basketball, Golf, and Motorsports. It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. The PUMA Group owns the brands PUMA, Cobra Golf and stichd. The company distributes its products in more than 120 countries, employs about 20,000 people worldwide, and is headquartered in Herzogenaurach/Germany.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250430906610/en/

Permalink

https://www.aetoswire.com/en/news/3004202546289

Contacts

Media Contacts:

PUMA

Kseniia Iliushina

Global Brand PR Manager

Kseniia.iliushina@puma.com

Mario Almeida

Director of Global PR & Brand Activations

mario.almeida@puma.com

 

KnowBe4 Appoints Bryan Palma as President and CEO

TAMPA BAY, Fla. - Tuesday, 29. April 2025

Founder Stu Sjouwerman Named Executive Chairman

 

(BUSINESS WIRE)--KnowBe4, the world-renowned cybersecurity platform that comprehensively addresses human risk management, announced that cybersecurity industry veteran Bryan Palma has been appointed president and chief executive officer of KnowBe4, effective May 5. KnowBe4’s founder and current chief executive officer Stu Sjouwerman has transitioned to the role of executive chairman.

Palma is a highly regarded technology executive with over twenty-five years of experience and a proven track record of scaling global technology enterprises by driving profitable growth, improving customer experience, and delivering operational agility. Most recently, he was the chief executive officer of Trellix, a multi-billion dollar cybersecurity market leader formed through the merger of FireEye and McAfee Enterprise. Prior to joining Trellix, he guided some of the world’s leading organizations through pivotal technology and business transformations including Cisco, Boeing, EDS, PepsiCo, and the US Secret Service. Palma earned a masters of business administration from Duke University's Fuqua School of Business, masters of education from the University of Maryland, and bachelor of arts from the University of Richmond. Palma serves on the President’s National Security Telecommunications Advisory Committee and the CloudBees board of directors.

“KnowBe4 is an incredibly important company in the cybersecurity ecosystem and at the forefront of human risk management and artificial intelligence,” said Palma. “I am humbled to join the company at such an important moment and accelerate the leadership position established by Stu and the team. I am looking forward to serving our global customers and proudly calling myself a Knowster.”

Executive chairman, Stu Sjouwerman founded KnowBe4 over fifteen years ago and over the last two decades has led the company through multiple rounds of venture capital funding, executed key strategic acquisitions, successfully led a public offering, and grew KnowBe4 to serve over 70,000 customers.

Sjouwerman said, “As Founder of KnowBe4, I am grateful to contribute to the creation of a new market category focused on managing human risk and confidently leave KnowBe4 in the capable hands of Bryan.” As executive chairman, Sjouwerman will help guide KnowBe4’s artificial intelligence innovation and work closely with Palma on the transition.

For more information on KnowBe4, visit www.knowbe4.com.

About KnowBe4

KnowBe4 empowers workforces to make smarter security decisions every day. Trusted by over 70,000 organizations worldwide, KnowBe4 helps to strengthen security culture and manage human risk. KnowBe4 offers a comprehensive AI-driven ‘best-of-suite’ platform for Human Risk Management, creating an adaptive defense layer that fortifies user behavior against the latest cybersecurity threats. The HRM+ platform includes modules for awareness & compliance training, cloud email security, real-time coaching, crowdsourced anti-phishing, AI Defense Agents, and more. As the only global security platform of its kind, KnowBe4 utilizes personalized and relevant cybersecurity protection content, tools and techniques to mobilize workforces to transform from the largest attack surface to an organization’s biggest asset.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250429266908/en/

Permalink

https://www.aetoswire.com/en/news/2904202546263

Contacts

Media Contact:

Kathy Wattman

SVP of Public Relations

kathyw@knowbe4.com

727-474-9950

Cubic³ Research Finds Automotive OEMs View Connectivity as Crucial for Security as Half of Consumers Worry Their Car Can Be Hacked

 Nearly half of drivers already pay monthly subscription for automotive digital services

OEMs say predictive maintenance, enhanced safety features and autonomous driving features most likely to drive recurring revenue

OEMs view interfaces APIs, digital sims and infotainment systems areas at risk of hacking

 

(BUSINESS WIRE)--Research from Cubic³, a global leader in software-defined vehicle (SDV) solutions, emphasises the opportunities and challenges facing automotive OEMs as they persuade drivers to buy and subscribe to in-vehicle digital services, such as predictive maintenance, safety features and autonomous driving.

Boston Consulting Group forecasts the software-defined vehicle (SDV) market will create over $650 billion value potential by 2030. The survey of 8,000 consumers (equally split between the US, UK, Germany and Japan) and 60 global OEM executives finds that the challenge for OEMs is how to persuade and prove to drivers the benefits of paying for digital services, which constitute an integral part of SDVs and thereby turning this forecast into reality.

Perceptions of Paying for Digital Services

The research shows current consumer willingness to pay for in-car digital subscriptions is likely to increase. 1 in 4 (25%) consumers have paid for digital services for their vehicles, almost doubling (44%) for those in the 18-24 age range. Only 1 in 5 consumers globally said they wouldn’t be willing to pay anything in monthly subscriptions.

Automakers estimate drivers are willing to pay $11 a month for digital services, while drivers say it’s $7.70 – a 30% difference. However, in countries where car usage is higher, the willingness to pay increases. For example, American respondents report they are willing to pay the most at $8.52 a month.

The survey grouped digital services into three categories to reveal consumer willingness to pay for each group. Nearly half (51%) of consumers are willing to pay for ‘vehicle-based services’, such as autonomous driving. Globally 40% of consumers are willing to pay for ‘connected services,’ such as video and music streaming, and 39% are willing to pay for ‘data services,’ such as predictive maintenance.

OEMs need to both monetise digital services and turn them into recurring revenue streams. Automakers think predictive maintenance, enhanced safety features, and autonomous driving are most likely to contribute the most to recurring revenue.

“Until recently, most consumers viewed buying a car as a ‘one-and-done’ affair. Although the concept of paying for in-car digital services is relatively new, we are already seeing significant adoption from consumers,” says David Kelly, Chief Corporate Officer, Cubic³. “It will take time for OEMs to persuade the public of the value of digital services, but it is encouraging to see younger drivers – so called digital natives – happy to pay for these services."

OEMs (Mostly) Share Driver Concerns Over Cybersecurity and Data Privacy

Consumers are concerned about industry practices around data, with half (Global: 48%) reporting they worry their car could be hacked. Fortunately, OEMs hold automotive cybersecurity in high regard. 86% report that cybersecurity of their digital services is important and the same amount say that connectivity is important for protecting vehicles throughout the vehicle’s whole lifecycle.

OEMs are closely monitoring potential targets by hackers, such as interfaces and APIs, digital sims, infotainment systems and telematics.

49% of UK consumers do not think OEMs should be able to sell driver data to third parties as an additional revenue stream, compared to 44% globally. This is compared to 26% who think it’s fine and 20% (Global: 24%) who are ambivalent about it. However, fewer than one in five (18%) OEMs are currently selling data on. Japanese consumers are the least likely to disapprove of selling data on with 26% saying so. Americans are the most likely to disapprove, with 50% saying it should not be allowed.

Safety Features and Speed Limiting Technology

OEMs must navigate nuanced consumer sentiment on issues of safety regulation, but consumers broadly support safety features that ensure vehicle longevity and affordability. 49% of respondents would seek repair services within a week of noticing a warning light. The mean response was 1.5 weeks, with 19% saying they’d seek service within 2-4 weeks. In fact, 67% report they take their car in for necessary repairs as soon as possible when receiving a recall notice.

Ultimately, this highlights the industry opportunity for over-the-air (“OTA”) updates, to revolutionise consumer satisfaction, safety, and convenience by allowing automakers to address select performance needs without requiring physical vehicle inspections.

A third (33%) of OEMs indicated that they plan to implement speed limiting and anti-distraction technology in the next 3 years, including in countries, like the United States, where legislation does not yet require it. Although half (55%) of US drivers favour safety features like these being introduced as standard in new vehicles, a significant minority are against. In fact, if speed-limiting technology were introduced, 38% of Americans and Germans say they will buy a different car. This shows that the topic is divisive, and OEMs may face backlash from the public should they implement it.

Looking Ahead

The report showcases a nuanced, yet optimistic future for OEMs navigating a rapidly changing automotive landscape. The willingness to pay for digital services is increasing, particularly given the new generation of drivers that are digital natives and accustomed to connectivity.

For more information, you can find the Consumer and OEM Attitudes to Software-Defined Vehicles Report here.

About the Survey

Two surveys were conducted concurrently to understand and compare automotive executive and consumer attitudes towards SDVs.

OEM methodology: Conducted between October and December of 2024 by Sapio Research. It evaluated 60 automotive executives.

Consumer methodology: Conducted in September and October of 2024 by Sapio Research. It surveyed 8,000 adults aged 18+ across the UK, Germany, US and Japan.

About Cubic³

Cubic³ provides advanced connectivity solutions for software-defined vehicles (SDVs) across 200+ countries. We help automotive, agriculture and transportation OEMs navigate the complexities of connecting vehicles while ensuring compliance with global regulations. With access to over 550 mobile networks, our smart connectivity empowers OEMs to innovate, scale and unlock new opportunities, driving efficiency and growth.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250429601913/en/

Permalink

https://www.aetoswire.com/en/news/2904202546249

Contacts

Press contacts

Fight or Flight for Cubic³

cubic@fightorflight.com

Tel: +44 330 133 0985

 

1NCE Raises $60 million USD in New Funding

MIAMI & COLOGNE, Germany - Tuesday, 29. April 2025


    1NCE completes its largest funding round to date; the company has raised the equivalent of $160 million USD in total funding since 2017.
    1NCE intends to broaden its product portfolio with a next generation Software as a Service (SaaS) platform, add new AI tools, continue global expansion of operations, and further grow its presence in the United States.
    The company is one of the fastest growing companies in IoT and operates the world’s largest privately run IoT network in the cloud.

 
(BUSINESS WIRE) -- 1NCE, one of the fastest growing providers of IoT software and connectivity, today announced the completion of a $60 million USD funding round.

1NCE offers a software platform for connected products to more than 24,000 customers managing 30 million devices across 170+ countries. Since launching in the marketplace in 2018, the company has become an IoT industry disruptor by integrating connectivity as a component of its software platform. It currently operates the world’s largest IoT network in the cloud. 1NCE’s platform was recognized as the “Best Innovation in the Internet of Things” at the 2024 SaaS Awards.

Since 2017, 1NCE has raised the equivalent of $160 million USD from investors from five countries. 1NCE’s list of investors to date now includes Deutsche Telekom, iSquared Capital, Kensington Capital Partners, SoftBank Corp., Vicenda Group, and Founder Alexander P. Sator.

The funding round supports 1NCE’s plan to continue its global expansion, which started in 2022 with a focus on the United States, APAC and LATAM. 1NCE now has team members working from 30 countries, with branches in 11 countries offering regional operations for sales, billing, distribution and warehousing. Coupled with a strong digital customer experience and support in 25 languages, 1NCE currently has a userbase from 50+ countries.

The company also intends to use a portion of the funding round proceeds to further grow its presence in the United States.

“The U.S. is our largest and fastest growing market, and we‘re expanding our American workforce to accelerate our momentum. 1NCE already delivers at an incredibly high quality with consistency and industry-defining endpoint availability of 99.97%. This funding further increases our ability to expand our competitive advantage across the world,” said Ivo Rook, Co-Chief Executive Officer of 1NCE.

1NCE also plans to leverage the new funding to broaden its product portfolio for use cases across dozens of industry verticals. The company is preparing the launch of its next generation platform to further cement 1NCE as one of the preeminent destinations for IoT. And for customers already using the 1NCE OS software for their AI projects, the company plans to launch new features soon. The company believes that AI growth will fuel adoption of IoT, with customers eager to ramp up data collection that strengthens their AI-driven engines.

"1NCE is a true global player in IoT with a variety of financial backers from the worlds of finance and telecom. Closing a strong round affirms that we are on the right track for continued success with our next generation SaaS platform,” said Alexander P. Sator, Founder and Co-Chief Executive Officer of 1NCE.

The company has continued to build out a seasoned team of leaders. 1NCE recently appointed telecom industry veteran Christoph Vilanek as Chairman of the Advisory Board. Since 2009, he has served as the Chief Executive Officer at Freenet, one of the largest telecom companies in Europe. And in late 2024, the company announced three additions to the C-Suite.

About 1NCE

1NCE offers a software platform for connected products that delivers hassle-free IoT in 170+ countries. The software platform enables customers to easily, securely and reliably collect device data and turn it into actionable intelligence. It jumpstarts IoT adoption -- accelerating time-to-market for data collection projects, increasing device lifetime, and allowing efficient management of sensors from initial deployment to the end of the product lifecycle. Learn more at www.1NCE.com and follow on Facebook, LinkedIn and X.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250429247780/en/

Permalink
https://www.aetoswire.com/en/news/2904202546257

Contacts

Media Contact
Brad Chase // brad@chaseglobal.media

Azalea Vision Raises €9 Million in First Closing of Series A to Further Develop Intelligent Connected Vision Platform

 

GHENT, Belgium -

Industry veteran Robert J. Dempsey Appointed Chairman of the Board to Guide Strategic Growth in Europe and the U.S.

(BUSINESS WIRE) -- Azalea (A-zuh-lay-ah) Vision, a HealthTech company engineering the future of sight, today announced the first closing of its €15 million Series A funding round, raising €9 million along with the appointment of Robert J. Dempsey as Chairman of the Board to guide strategic growth in the European and U.S. markets.

"Strong participation from repeat investors in this Series A milestone reaffirms their trust in our medical device and innovation for the future of intelligent ocular health,” said Enrique Vega, CEO of Azalea Vision. “Additional funding in this round from SPRIM Global Investments and Afrimobility, along with a strategic investor who remains undisclosed, further emphasizes the confidence in our platform. The appointment of Robert J. Dempsey, a highly regarded leader in the ophthalmic space, brings deep domain expertise and strong industry relationships to guide our leadership team as we move forward into our next stage of growth.”

“I believe a future where vision is intelligent, connected, and effortlessly adaptive is among the most exciting frontiers in eyecare medical device innovation today,” said Robert J. Dempsey. “I am honored to serve as Chairman of the Board and contribute to driving this transformational journey.”

Mr. Dempsey brings over three decades of experience in the eyecare industry, having served in leadership roles including CEO, Chairman, and Board Advisor. He has a proven track record of driving strategic transactions across multiple companies. Notably, he led the build-out of Shire’s ophthalmic business, establishing it as a global leader in the space. Under his leadership, the company launched Xiidra - culminating in one of only three ophthalmic deals in the past two decades with an upfront value exceeding $1 Billion. Robert’s strong track record across anterior and posterior segments positions him as a key strategic expert in advancing ophthalmic innovation.

The Series A funding will support the execution of Azalea Vision's First-in-human (FIH) pilot clinical trial, a key milestone in establishing the safety and performance of its medically intelligent ocular technology platform. The goal is to receive Investigational Device Exemption (IDE) approval from the U.S. Food and Drug Administration (FDA), continue the clinical trials, and further advance commercialization efforts.

About Azalea (A-zuh-lay-ah) Vision

Azalea Vision is pioneering the future of connected ocular health building a scalable solution for complex vision conditions, remote diagnostics, and targeted ocular therapies. Founded in 2021 as a spin-off from imec and Ghent University, the company is developing the first medical-grade smart lens platform designed to sense, adapt, and interact in real time. Azalea is supported since 2021 by leading MedTech, HealthTech, and DeepTech investors—including imec.xpand, Elaia Partners, Sensinnovat and Shigeru – and reinforced by EIC and VLAIO (Belgium) non-dilutive grants.

Led by a multidisciplinary team with deep expertise in microelectronics, biomedical optics, and medical device innovation, Azalea Vision brings together decades of research and industrial development. The company’s platform integrates stretchable electronics, custom-designed ASICs, liquid crystal optics, and NFC communication, all engineered into a lens-embedded system. This foundation enables Azalea to deliver medical-grade smart lenses that sense, adapt, and connect in real time—scaling from vision correction to biosensing, diagnostics, and beyond.

For more information, visit azaleavision.com and follow us on LinkedIn.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250429247873/en/

Permalink

https://www.aetoswire.com/en/news/2904202546241

Contacts

Media

Christie Markowitz

External Affairs Lead

christie@azaleavision.com

 

The Trade Desk Expands Partnerships with OTT Platforms to Pioneer Programmatic Advertising on CTV Inventory

 HONG KONG - Tuesday, 29. April 2025

Premium content platforms on the open internet enable precise consumer engagement

(BUSINESS WIRE) -- The Trade Desk, a leading global advertising technology company, today announced access to premium CTV inventory from industry leaders Viu, iQiyi, TCL Channel is now available across the region. This collaboration empowers advertisers to reach audiences more effectively by leveraging premium content on the open internet, significantly enhancing advertising performance. The partnerships span key markets across Asia-Pacific, including Hong Kong, as well as the Middle East and South Africa.

As viewer preferences continue to evolve, CTV platforms offering premium content are experiencing rapid growth and expansion, creating new opportunities for advertisers worldwide. The surge in the CTV advertising market has also driven a growing number of content platforms to transition from subscription-based video-on-demand (SVOD) models to ad-supported video-on-demand (AVOD) models. According to Statista, global CTV ad spending is expected to exceed $38 billion by 20271. Meanwhile, global AVOD market revenue is projected to grow from $48.32 billion in 2024 to $63.5 billion by 20272.

This enhanced partnership with premium OTT players in the region allows advertisers to target audiences with greater precision and efficiency, driving improved campaign performance. By leveraging omnichannel frequency controls, advertisers can minimize audience overlap, avoid ad fatigue, and gain deeper insights into campaign effectiveness, enabling them to optimize their strategies further. For consumers, personalized ads tailored to individual preferences offer more relevant and engaging experiences, empowering them to make more informed purchasing decisions.

"We are thrilled to deepen our collaboration with premium platforms such as Viu, iQiyi, and TCL Channel on the open internet in the region, and to serve as one of their closest partners as leaders like Viu open its CTV advertising inventory for programmatic trading for the first time,” said Douglas Choy, General Manager, Inventory Development, North Asia, The Trade Desk. “We look forward to expanding our partnerships with more premium internet content platforms to drive the growth of a dynamic digital advertising ecosystem in Hong Kong and beyond."

About The Trade Desk

The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, Twitter, LinkedIn and YouTube.

1 Statista, Dec: https://www.statista.com/topics/12992/ctv-advertising-worldwide/#topicOverview

2 Statista, Apr 2024: https://www.statista.com/outlook/dmo/digital-media/video-on-demand/advertising-avod/worldwide

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250428998492/en/

Permalink

https://aetoswire.com/en/news/2904202546224

Contacts

Media Contact

Jason Wang

The Trade Desk

yan.wang@thetradedesk.com

 

SINOVAC Board Issues Letter to Shareholders to Set the Record Straight on the Hostile Actions and False Claims by Vivo Capital

  BEIJING - Tuesday, 29. April 2025 AETOSWire  

(BUSINESS WIRE)--Sinovac Biotech Ltd. (NASDAQ: SVA) (“SINOVAC” or the “Company”), a leading provider of biopharmaceutical products in China, today announced that its board of directors (the “Board”) issued a public letter to shareholders in response to hostile actions and false claims by Vivo Capital and certain other parties (the “Vivo group”) against the legitimate and lawful actions of the Board.

Dear Shareholders,

We are writing to set the record straight in response to the Vivo group’s recent press releases, lawsuits and other actions against SINOVAC and the Board, particularly those related to the Board’s decision to declare a cash dividend of US$55.00 per common share to SINOVAC shareholders. The Vivo group is now attempting to block the special dividend payments to you via lawsuits and by sending threatening letters and messages to the Company’s stock transfer agent and board members. It is particularly concerning that the Vivo group is trying to prevent all SINOVAC common shareholders (who have received nothing over the past seven years) from receiving the special dividend even though the Vivo group have themselves already received over US$800 million in cash dividends from 2021-2024 from a majority owned subsidiary of SINOVAC. The driving motivation behind the Vivo group’s hostile actions has been to “double-dip” and receive even more dividends by claiming to be shareholders of SINOVAC, a claim that goes against court rulings1.

Events leading up to this moment and precipitated by the Vivo group have followed a lengthy and complex chronology, which are summarized in the Addendum to this letter.

As you know, our shares have been halted from trading on NASDAQ since February 22, 2019. Despite the trading halt, the Company continued to operate and generate billions of dollars in profits without distributing any dividends to SINOVAC common shareholders. Also during this period, a number of unauthorized transactions and actions took place that primarily benefited the Vivo group, detailed below and in the Addendum. The Vivo group-controlled former board directly caused the NASDAQ trading halt, trapping your investment in our shares during the Covid-19 pandemic and ensuing years. The Board considers the special cash dividend to be an initial, corrective step in returning an appropriate share of distributions to the Company’s common shareholders, to address the inequities of the past, from which the Vivo group has benefited for many years at your expense.

As you also know, on February 28, 2025, we announced that the rightfully elected Board was reconstituted and is actively governing the Company. This followed a judgment on January 16, 2025 (the “Judgment”) and an order issued on February 5, 2025 (the “Order”) by the Judicial Committee of the Privy Council (the “Privy Council”) – the final court of appeal for UK overseas territories and the Crown dependencies which was made up of five UK Supreme Court justices – which handed 1Globe Capital (“1Globe”), SINOVAC’s largest minority shareholder, a victory on all grounds, determining:

The slate of nominees proposed by certain minority shareholders and voted for by 1Globe Capital at the Company’s 2018 Annual General Meeting (the “AGM”) were validly elected as directors of the Company.

The former Board ceded office on February 6, 2018 following the AGM. In the Privy Council’s own words, “The New Directors were therefore validly appointed and the Incumbent Directors have been imposters ever since”.

The poison pill adopted by former directors is void.

In its Judgment, the Privy Council recognized that, notwithstanding the possibility that some of the Board members validly elected at the 2018 AGM may no longer be willing or able to serve in their director capacity seven years later, the new Board is the only lawful Board of the Company. Based on the Judgment and Order, the new Board was reconstituted, adding new members to replace those who resigned, in accordance with Antiguan law. The Board is now led by a group of directors who are recognized and respected industry leaders with diverse backgrounds in healthcare, science, and finance.

Rather than accept the final, non-appealable Privy Council Judgment and Order, Vivo Capital has been blatantly interfering with the activation of the new Board and trying to undermine the Judgment and Order. The Vivo-controlled former Board similarly refused to accept their defeat at the 2018 AGM. Instead, they chose to launch lawsuits against a large number of SINOVAC shareholders who voted against them at the 2018 AGM. 1Globe used its own resources over the past seven years to defend against the poison pill (which unfairly targeted the shareholders who voted against the former Board) and ask the Antiguan court to settle the dispute regarding the Board election. Seven years later, Vivo Capital is at it again, trying to undermine the Privy Council’s Judgment and Order by launching lawsuits against the Board that put the Company back in litigation. The Board has offered to engage with them to discuss their concerns, but the Vivo group has thus far refused to engage.

Vivo Capital has also erroneously claimed that the Company’s former auditor, Grant Thornton Zhitong Certified Public Accountants LLP (“Grant Thornton”), who resigned on April 15, 2025, did so because of the new Board precipitating a corporate governance crisis in 2025. This is untrue and conflates the invalid actions of the Vivo-group-controlled former board, with appropriate actions taken and proposed to be taken in 2025 by the new Board, which are in the best interests of SINOVAC’s rightful shareholders. Grant Thornton made it clear to the new Board that it had resigned because it could not rely on the former board’s representations about the Company’s financials in 2021, 2022, and 2023. In connection with its abrupt resignation, Grant Thornton also disclosed to the management and the Board that a material weakness and a significant deficiency in the Company’s internal control over financial reporting existed as of December 31, 2023, none of which were disclosed to the Company after its audit of the Company’s financial statements for the year ended December 31, 2023.

These deficiencies occurred on the watch of the Vivo-controlled former board, who were excoriated in the Judgment, and are in no way related to the work of the new Board. We have recently added a qualified audit committee financial expert to our board to achieve NASDAQ compliance. Despite threats of interference from Vivo Capital, the new Board is focused on fulfilling its fiduciary duty with an unwavering commitment to correct the corporate governance issues of the past and formulate long-term growth strategies for the Company. The Board has responded to NASDAQ’s questions and requests for information, with a view toward the continued listing of the Company’s shares, the resumption of trading on NASDAQ, and the implementation of the announced special cash dividend plan. The Board expects to communicate further business updates in due course.

We intend to set a record date and payment date for the US$55.00 special cash dividend as soon as practicable. In addition, the Board intends to set aside funds for the special cash dividend for the private investment in public equity (the “PIPE”) shares. Vivo Capital started the lawsuit regarding the PIPE. The Board has no choice but to fulfill its fiduciary duty to you and the Company by pursuing the proper legal proceeding which is expected to conclude with the cancellation of the PIPE shares, at which point SINOVAC shareholders would be entitled to receive an additional US$11.00 per common share special cash dividend.

In summary:

We urge shareholders not to be misled by the Vivo group’s attempts to relitigate an unappealable verdict by the Privy Council, rewrite history, and paint a fictitious picture of the last few years’ events, while simultaneously attempting to line their own pockets at your expense.

It is our fiduciary duty to vigorously defend against the hostile actions and lawsuits by the Vivo group so that we may ensure fairness for all shareholders, restore integrity and trust, and position SINOVAC for the future.

We are confident we will prevail, and we want to emphasize that we are urgently working to make things right as soon as possible to mitigate against further chaos and litigation, after what we have all endured over the last seven years.

We thank you for your continued support and confidence as we move forward together.

Sincerely,

The Board of Directors

Sinovac Biotech Ltd.

ADDENDUM: Chronology of The Vivo Group’s Actions

2016-17: Vivo Capital led efforts to convince the SINOVAC management team and other investors to privatize SINOVAC at below the market price. The Vivo group’s bid for the Company sparked competing offers and a battle for control of the Company with another competing buyout group.

March 2018: After the Company’s February 6, 2018 AGM in which the slate of directors put forward by minority shareholders won the election, the Vivo group-controlled former board did not accept the result and used the Company’s money to launch litigation and to use the poison pill to dilute shareholders who had voted against them. Note that one of those was SINOVAC’s single largest shareholder (still a minority shareholder), 1Globe Capital, who used its own resources over the past seven years to defend against the poison pill (which unfairly targeted the shareholders who voted against the former Board) and asked the Antiguan court to settle the AGM election dispute.

July 2018: Recognizing their attempted privatization was unlikely to pass a shareholder vote, the Vivo group-controlled former board announced the cancellation of the privatization plan and issued 11.8 million common shares to the Vivo group through the PIPE Investment at below market price on the very same day. This is how the Vivo group purportedly became SINOVAC shareholders -in a transaction approved by the former board after they were voted out and had no authority to act on behalf of the Company. As the Judgment has detailed, they were “imposters.” Moreover, contrary to the Vivo group’s claims, SINOVAC was profitable and was not in need of the cash infusion from the PIPE Investment. Rather, the PIPE Investment was carried out primarily to ensure additional share support for the Vivo group-controlled former board while causing about 20% dilution of existing SINOVAC shareholders.

In connection with the PIPE Investment, the former board purportedly appointed Mr. Shan Fu, Managing Partner of Vivo Capital, as a director. Mr. Fu’s appointment to the former board was invalid for two reasons: it violates Antiguan law since there was no vacancy on the board and, even if there was a vacancy on the board, the Judgment makes clear that the former board did not have the authority to fill such a vacancy. Following Mr. Fu’s appointment, the Vivo group-controlled former board determined the invalid poison pill had been triggered and improperly issued highly dilutive exchange shares, resulting in the NASDAQ trading halt on February 22, 2019.

2020: In the midst of the COVID-19 pandemic and the NASDAQ trading halt, the Vivo group proceeded to carry out a scheme to line their own pockets, at the expense of all valid shareholders of SINOVAC. In May 2020, they invested merely US$15 million in convertible debt for a then 15% stake in our wholly owned subsidiary, Sinovac Life Sciences Co. Ltd. (“SLS”) – the operating entity primarily responsible for the CoronaVac® vaccine. The company did not need this US$15 million convertible debt. To demonstrate how egregiously unfair to other shareholders this action was, six months later another investor paid US$500 million for an equivalent 15% stake.

2021-2024: Over the subsequent years, the Vivo group received over US$800 million in dividends from SLS. SINOVAC – the majority shareholder of SLS – and its shareholders received zero payment since the former Board did not distribute SINOVAC’s pro rata share of such cash dividends to SINOVAC shareholders. At every turn, the Vivo group has prioritized their own enrichment at the expense of SINOVAC and its rightful shareholders.

2025: Vivo Capital is taking legal action to attempt to stop the Board from paying SINOVAC shareholders the corrective special cash dividend of US$55.00 per common share announced in April 2025, unless it is paid to them as well. Vivo Capital filed a complaint in the Supreme Court of the State of New York seeking, among others, to validate shares it received through the PIPE Investment and enjoin distributing the dividend to SINOVAC shareholders. This is concerning for two reasons: it clearly demonstrates that Vivo Capital is attempting to prevent valid shareholders of SINOVAC – who have had their investment in the Company frozen for six years because of the invalid poison pill adopted by the Vivo group-controlled former board, which resulted in the NASDAQ trading halt – from reaping the benefit of the April 2025 corrective special cash dividend. And it represents an obvious attempt by the Vivo group to “double-dip” by receiving a portion of the corrective special cash dividend in addition to the over US$800 million in dividends from SLS it has already pocketed.

 

 

1 The Vivo group purportedly became SINOVAC shareholders in July 2018 upon a private investment in public equity (“PIPE” or the “PIPE Investment”) transaction approved by the former board five months after they ceded office at the 2018 AGM. Per the Privy Council Judgment, they had no authority to do so. The new Board has retained law firms to conduct a review of certain actions taken by the Vivo group-controlled former Board, including the PIPE Investment.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250428124936/en/

Permalink

https://www.aetoswire.com/en/news/2904202546243

Contacts

Board of Directors

Sinovac Biotech Ltd.

Email: ir@sinovac.com