MEPRA Awards 2025 announces winners, honors best campaigns, practitioners and agencies of the year

 The Middle East’s PR and communications industry gathered in full force last week as the 17th edition of the MEPRA Awards unveiled its 2025 winners, recognizing the campaigns, agencies and practitioners shaping the region’s communications landscape. Held on 27 November, the ceremony brought together more than 600 industry leaders to celebrate standout work across strategy, creativity, storytelling and impact in a year marked by rapid change and rising expectations.

Having received over 700 entries across 55 categories, the MEPRA Awards 2025 weighed PR professionals, communication strategists, agencies and in-house teams on parameters for driving awareness, brand positioning and crisis response through innovative strategies. Clinching maximum titles, Weber Shandwick MENAT, and Gambit Communications ruled the popular categories by sweeping 26 and 18 awards, respectively. The prestigious Chairperson’s award was conferred upon Scott Armstrong (founder, Mentl) for accelerating mental health advocacy, whereas Brian Lott of Mubadala Investment Company won the Best Communicator of the Year for crafting narratives for Mubadala’s global brand story. Other notable mentions for the evening include Tala Majzoub of HAVAS Red ME winning The ‘Dave Robinson’ award for Outstanding Young Communicator of the Year and Fathimath Nooha of Murdoch University for Outstanding Student Campaign.

MEPRA Awards 2025 winners represent the highest of industry standards in innovation, strategy and impact, where contestants deep dive into the nuances of brand reputation, strategic storytelling and audience connection. In a fiercely competitive communications landscape, where trends and tactics evolve at a breakneck pace, the Middle East PR community has risen once again to the challenge with strategic agility and creative tenacity. Showcasing exceptional thinking, Current Global MENAT won the Best ESG Campaign, while the Best Retail Campaign was swept by Soul Communications for their innovative Drinkable Billboards. The popular categories of Large Agency of the Year, Medium Agency of the Year, and Small Agency of the Year were clinched by Weber Shandwick MENAT, Current Global MENAT and The Romans, respectively.

Speaking of the annual initiative MEPRA Chairperson, Kate Midttun said, “MEPRA Awards has become a vital benchmark for recognizing PR brilliance and exceptional talent in the Middle East’s PR and communications sector. This has been a standout year for creative resilience, and work across the communications spectrum has been truly astounding. The honorees have showcased the power of PR to inform and engage, elevating the art of an insightful communications approach. Congratulations to all the winners tonight, and we would like to thank them for redefining excellence benchmarks, motivating the entire fraternity to gear up for the upcoming year.”

The Best Homegrown Agency went to Tales and Heads with Mubadala Investment Company, bagging the Best In-House Team of the Year. In the sector and services category, the Best Consumer Services Campaign was clinched by MSL Group ME, while Acorn Strategy and Ruya Bank won the Best Professional Services Campaign for conceiving the UAE’s first fully AI-generated banking campaign. AI’s popularity continued its winning streak with IBM and Weber Shandwick MENAT scooping the Best Technology Campaign for highlighting and promoting the responsible use of AI in businesses, and Current Global MENAT and Leo Burnett for Best Use of Artificial Intelligence.

In the country-wise campaign categories, Qatar Foundation took home the Best Campaign in Qatar, the BPG Group won the Best Campaign in Kuwait, Current Global MENAT swept three geographies scooping Best Campaign in Lebanon, Best Campaign in Saudi Arabia and Best Campaign in the UAE, while Weber Shandwick MENAT won Best Campaign in Egypt and Gambit Communications clinched Best Campaign in Bahrain and Best Campaign in Oman. From purpose-driven strategies and impactful campaigns to persuasive storytelling that moved the audience, the MEPRA Awards 2025 winners exemplify creativity and influence that power new-age media communications.

Entries were assessed by a panel of more than 130 industry experts, assuring stringent protocols to gauge creativity and impact. Gambit Communications sponsored the MEPRA Awards 2025 as the Diamond Partner, TAQA as the Platinum Partner, and Weber Shandwick MENAT and CARMA as Gold Partners, along with Mubadala, Kibsons, SEC Newgate Middle East, Telum Media, Burson; Place Communications, First and Ten Productions, Current Global MENAT, Matrix Public Relations, AMEC Measurement and Evaluation, as Supporting Partners.

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Contacts

Namita Thakkar

namita@matrixdubai.com

Esco Aster Signs Exosome Clinical cGMP Manufacturing Contract With Shine-On Biomedical For A Novel First-In-Class HLA-G Targeting Exosome Drug Delivery Platform

 

SINGAPORE 

(BUSINESS WIRE)--Esco Aster, a vertically integrated cell and derivatives CRDMO based at JTC LaunchPad Singapore, announced CMC manufacturing support for Shine-On Biomedical’s HLA-G targeted exosome program. Shine-On Biomedical sponsored Esco Aster in 2023 for cGMP services, starting with high-yield exosome development using Esco Aster’s cell line platform. The technical reports of process, analytical, and formulation development, exosome drug loading, GMP engineering runs, and stability studies supported Shine-On’s IND submission. The IND was cleared by the U.S. FDA in Q1 2025.

Furthermore, Esco Aster is providing technical services for exploratory exosome loading feasibility studies per Shine-On’s instruction. Shine-On Biomedical is an emerging innovator in exosome-based drug delivery.

ShineOn’s proprietary product, SOB100, a HLA-G targeted exosome drug delivery carrier, has passed the U.S. FDA IND review and ongoing Phase I study, making it as a first-in-class–potential HLA-G targeted exosome platform for drug development.

Statement From Hung-Che Chiang, General Manager of Shine-On Biomedical

“Preclinical studies have shown promising biodistribution characteristics supporting further exploration across small-molecule, nucleic acid, and protein-based payloads.”

In parallel, Esco Aster, providing Mitosis™ Enterprise Solutions to support potential future evaluation of single-use cGMP workflows at China Medical University Hospital.

This collaboration strengthens Esco Aster’s position as Singapore’s first fully homegrown CRDMO offering end-to-end engineered cancer exosome development—from cell line creation to GMP manufacturing using its patented 3D Tide Motion™ bioreactor. This technology lowers COGS by enabling multiple conditioned media harvests per run. Esco Aster also co-develops autologous cell therapy programs in ASEAN, including a T-cell reactivation platform targeting non-G12C KRAS mutation NSCLC.

Esco Aster supports Asia-Pacific innovators through biomanufacturing scale-up, market access, and commercialization across South Asia, ASEAN, and Oceania—a region valued at ~USD 10.5 trillion GDP with ~2.6 billion people. Supported by a network of medical centres and clinician-scientists, Esco Aster facilitates IIT and FIM studies, especially in Australia, where R&D incentives lower costs. The company advances its “One World BioSolutions for One Health” vision, enabling high yield at low GMP cost to strengthen Singapore’s and Asia’s bioeconomy.

© 2025 Esco Aster Pte. Ltd. and Shine-On Biomedical Co., Ltd. All rights reserved.

 

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Contacts

Esco Aster Pte. Ltd.

mail@escoaster.com

Website: https://escoaster.com/

Shine-On Biomedical Co., Ltd.

service@shineon-bio.com

Website: https://en.shineon-bio.com/

 

New Survey of Nearly 4,300 C-suite Leaders Reveals Intensifying Demand for Faster Innovation, Higher ROI and Stronger Business Resilience

LAS VEGAS - Tuesday, 16. December 2025

Executives face growing pressure to deliver AI-driven transformation while navigating rising costs, increasing risk and shortages in skilled IT talent

(BUSINESS WIRE) -- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, managed services and Agentic AI ERP innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced the findings of its new global survey, “C-suite Imperatives: Accelerating Innovation in a Shifting Landscape.” The research was conducted in partnership with Censuswide surveying nearly 4,300 CFOs, CIOs, CEOs and CISOs across the globe, examining the pressures influencing executive-level technology decisions and the priorities shaping their investment strategies.

The analysis shows executives are recalibrating their strategies around AI, automation and resilience as boards push for faster innovation and clearer business outcomes. While many organizations continue to manage shrinking budgets and heightened cybersecurity concerns, leaders also point to a widening talent gap and increasing frustration with vendor-directed ERP roadmaps that can slow transformation efforts. In fact, 97% of C-suites note that while their current ERP systems meet their business requirements for the most part, 23% of workforce time is spent maintaining existing systems.

Key Finding #1: C-suites Are Aligning Long-term Strategy Around AI and Automation

44% of leaders identify AI and automation as the top capabilities they need to support both short- and long-term IT initiatives.

Automation and AI represent the most important five-year priority for executives, with 46% of CIOs and 43% of CEOs naming these capabilities as their top imperative. While cybersecurity, compliance and cost optimization still dominate near-term initiatives, leaders report a growing focus on building a reliable foundation for intelligent operations, supported by strengthened business continuity planning and expanded skills development. More than a third (35%) of respondents say they aim to transform their organizations into data-driven businesses over this period. C-suites can benefit from spending less on costly upgrades of still high-value ERP and investing more in meaningful innovation like automation and AI.

Key Finding #2: ROI Expectations Are Rising as Executives Demand Measurable Outcomes

C-suites most often collaborate with CIOs (31%) and CEOs (27%) on IT initiatives, highlighting a need for earlier CFO involvement as ROI expectations rise.

C-suites are placing sharper scrutiny on investment results, with CIOs, CEOs and CFOs identifying benefits realization as their primary measure of ROI. Leaders expect approximately 27% of payback within the first one to two years, increasing to 37% within three to five years, and nearly half (48%) of total expected ROI beyond six years. CISOs express similar expectations but place slightly more emphasis on direct financial benefit. These findings reflect increasing pressure to prioritize technology initiatives that create lasting impact while maintaining cost predictability. While their vision for the future of ERP varies, nearly 70% of C-suite leaders don’t see traditional ERP in the mix — 33% believe Agentic ERP that is autonomous with AI-driven decision-making is the future.

“As economic and operational pressures intensify, executives are taking a far more disciplined approach to technology investment. The findings clearly show that organizations want measurable results, faster payback cycles and far more flexibility in how they allocate their budgets,” said Rimini Street CFO, Michael Perica. “A business-driven enterprise software roadmap — not one dictated by vendors — puts leaders in control of where and when they invest. This allows them to redirect resources from costly, low-ROI activities toward initiatives like agentic AI, that will improve efficiency, strengthen resilience and support long-term growth and innovation.”

Key Finding #3: Talent Shortages and System Support Demands Are Slowing Innovation

36% of C-suite leaders say skills gaps are limiting their ability to pursue growth opportunities, and 23% state that project delays are becoming a concern due to insufficient talent.

A near unanimous 98% of executives report that IT talent shortages are affecting their ability to achieve their technology vision, and 68% say the impact is significant. Although 97% say their current ERP systems largely meet business needs, limited vendor support forces internal teams to devote more time to maintenance, delaying strategic initiatives. As a result, 99% of respondents are outsourcing key IT services, particularly in cybersecurity, infrastructure and application support, to supplement internal capacity and reduce operational risk. Optimization is another way organizations can unlock greater value from their enterprise software investments and remove obstacles that delay projects and slow innovation.

Key Finding #4: C-suites Are Prioritizing Resilience Amid Rising Risk and Vendor Constraints

69% of leaders anticipate significant changes on the horizon for their ERP investments.

Every respondent (100%) indicated that business risk reduction is a top priority this year, underscoring ongoing concern about cybersecurity threats, supply chain disruptions and economic volatility. To increase business agility and resiliency, leaders are investing in business continuity planning (45%), securing alternative sourcing suppliers (45%) and augmenting their workforce (44%). Vendor lock-in remains a consistent source of frustration for 35% of C-suites, who cite forced upgrades, limited flexibility and high costs as barriers to achieving long-term technology goals.

“The traditional ERP model is being reimagined as new technologies like Agentic AI redefine expectations for speed, flexibility and intelligence,” said Rimini Street’s Global CIO, Joe Locandro. “Executives want the freedom to modernize and innovate on their own terms, breaking free from vendor-driven upgrade cycles that consume budget without delivering proportional value. By stabilizing and maximizing the ERP foundation already in place, organizations can redirect time and resources toward strategic AI-driven initiatives that generate more meaningful results.”

The full report is available for download, C-suite Imperatives: Accelerating Innovation in a Shifting Landscape.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions, and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who have leveraged the Rimini Smart Path™ methodology to achieve better operational outcomes, billions of US dollars in savings and fund AI and other innovation.

To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.

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,” “assume,” “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, litigation, agreements and Court orders involving Oracle, the wind down of support services for Oracle’s PeopleSoft software products 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 macro-economic trends, geopolitical tensions 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 and our intentions with respect to our pricing model; 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 and our Agentic AI ERP innovation solutions; our ability to grow our revenue and accurately forecast revenue, along with the results of any efforts to manage costs to align with 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; our business plan and ability to grow in the future and our ability to achieve and maintain profitability; the volatility of our stock price; 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 artificial intelligence (AI) technologies used by us or by our third-party vendors and service providers or incorporated by us into our service offerings and/or our Agentic AI ERP innovation solutions; 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, in light of new or increased tariffs imposed by the United States government and the potential for retaliatory trade measures by affected countries; a failure by us to establish adequate tax reserves; adverse developments in and costs associated with defending pending litigation or any new litigation; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance 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, capture new contracts with governmental entities and maintain our status as an approved United States government contractor; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; 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 Quarterly Report on Form 10-Q filed on October 30, 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 U.S. 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.

 

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Contacts

Janet Ravin

VP, Global Communications

Rimini Street, Inc.

+1 702 285-3532

pr@riministreet.com

Sutherland and ComplyAdvantage Launch AI-Native "Unified FinCrime Compliance" Solution to Combat Sophisticated, Next Generation Financial Crime

 Riyadh, Saudi Arabia - Monday, 01. December 2025 AETOSWire Print 

The Saudi Authority for Industrial Cities and Technology Zones (MODON) has launched its distinctive investment product Motamim, aimed at strengthening industrial integration by leasing and operating production entities for small and medium enterprises (SMEs) within large existing factories in industrial cities.

This step comes as part of MODON’s efforts to support supply chains in line with the objectives of Saudi Vision 2030, which seeks to empower the industrial sector and boost the competitiveness of local industries.

Preliminary program statistics revealed that it received 345 applications, of which 119 were approved, a 34.5% acceptance rate. Total investments channeled through Motamim amounted to 664.7 million Saudi riyals (USD 177.2 million), while creating approximately 2,300 job opportunities.

The statistics also highlight the program’s appeal to foreign investors, with foreign companies making up about 30% of total beneficiaries. This trend strengthens Saudi Arabia’s position as a regional hub for attracting and localizing high-value industrial investments.

MODON applies a strict regulatory framework to the program, including contractual conditions and precise operational and spatial standards to ensure that Motamim activities align with those of the host factory.

The program covers four main areas, focusing on: increasing productivity and accelerating the manufacturing of specialized products; supporting industry and empowering entrepreneurs; enhancing supply chains; and maximizing the use of industrial assets and locations.

Motamim provides investors with a competitive advantage by reducing both capital and operational expenditures (CAPEX & OPEX).

Successful case studies have demonstrated the program’s effectiveness in key sectors such as plastics and metal industries.

The Authority oversees 40 industrial cities to serve the industrial sector and enable future industrial cities, ultimately strengthening Saudi Arabia’s position as an industrial power and a global logistics hub.

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Contacts

Moath Fawzan Alfawzan

+966503848811

Mastering Complexity & Increasing Efficiency: CES 2026: dSPACE Demonstrates Test and AI Solutions for SDV Development

  PADERBORN, Germany & LAS VEGAS - Tuesday, 16. December 2025 AETOSWire  

(BUSINESS WIRE) -- At CES 2026, dSPACE will showcase end-to-end test solutions that enable vehicle manufacturers to efficiently master the increasing complexity in the development of software-defined vehicles. At booth 4500 in West Hall, dSPACE will present a comprehensive validation portfolio with AI-supported software-in-the-loop and hardware-in-the-loop solutions for accelerated vehicle development.

AI is a strategic enabler throughout the entire development and test process. dSPACE has been exploring how the latest developments in generative and agentic AI technologies can support software-in-the-loop (SIL) testing and enable CI/CD pipelines for automated validation. In an exhibit, dSPACE will demonstrate a Visual Studio Code and GitHub Copilot solution for the automated generation of virtual ECUs for SIL tests.

SDV Development: CI/CT Pipeline Integration and Test Farm Management

Software-defined vehicles (SDVs) require significantly faster and more short-cycle development and validation. To meet these requirements, dSPACE is demonstrating a CI/CT concept demo at CES that presents a scalable, cloud-native validation approach. The demo includes a GitLab pipeline, which is highly automated and integrated with VEOS, the dSPACE SIL test software, and SCALEXIO, the dSPACE HIL test platform, enabling continuous testing over the entire development cycle.

dSPACE is presenting a HIL Farm Management Demo, designed to ensure reliable execution of these pipelines and increase test efficiency, especially in the HIL field. This transparently displays the availability and utilization of the HIL systems as well as potential system errors. The aim is to reduce system downtimes and improve the utilization of existing test resources.

From SIL to HIL: Testing E-Mobility Across the Board

To ensure efficient and cost-optimized validation throughout the entire development process in both SIL and HIL contexts, software tools, models, and test artifacts must be seamlessly integrated into all validation phases. At CES, dSPACE will use its test solutions for battery charging and battery management systems to demonstrate how test efficiency can be increased through end-to-end SIL/HIL validation if the same test cases, simulation models, bus and network configurations, and user interfaces can be reused for both methods. For example, dSPACE offers solutions for testing charging technologies and battery management systems, where all functions, including conformance tests with HIL and SIL implementations, can be demonstrated with the same layouts and test cases. Developers benefit from significantly increased efficiency, accelerated development, and higher software quality.

Product Launches: New Radar Solution, Cybersecurity Test Framework, and Cost-Effective HIL-System

With DARTS ARROW, dSPACE presents a new radar solution for functional testing of radar sensors. DARTS ARROW was specially developed for use in end-of-line tests and periodic technical inspections (PTI) of radar-based driver assistance systems. The robust and cost-effective system is suitable for validating safety-relevant driver assistance systems such as emergency braking, lane departure warning, and distance control assistants. By realistically simulating traffic scenarios under controlled conditions, sensor errors can be detected, and the functionality of safety-critical assistance systems can be ensured over the entire lifecycle.

dSPACE will also be presenting HydraVision – a scalable cybersecurity test framework for vehicle development. With an explorative approach and expandable test case templates, HydraVision enables the efficient integration of cybersecurity tests into the development process. This allows potential weak points to be identified, evaluated, and mitigated at an early stage. In this way, dSPACE supports manufacturers and suppliers in sustainably meeting the increasing safety requirements in the automotive industry.

The new SCALEXIO Essential system is an extension of the scalable dSPACE SCALEXIO real-time platform for hardware-in-the-loop testing. The system is designed for the development and validation of classic edge ECUs, particularly for mechatronic applications in the automotive, agricultural machinery, and construction machinery industries, and rounds off the HIL portfolio. SCALEXIO Essential comes with a fully-fledged software package. This means that the cost-efficient system is ready for immediate use.

dSPACE will be presenting its solutions at CES 2026 from January 6 to 9 in the Las Vegas Convention Center West Hall at booth 4500.

About dSPACE

dSPACE is the world's leading provider of simulation and validation solutions for developing connected, autonomous, and electrically powered vehicles. The company's end-to-end solutions are used in particular by automotive manufacturers and their suppliers to test the software and hardware components of their new vehicles long before a new model hits the road. dSPACE is not only a sought-after partner in vehicle development, but engineers also rely on our know-how in the fields of aerospace, agriculture, and industrial automation. Our portfolio ranges from end-to-end simulation and validation solutions to engineering and consulting services, training, and support. With over 2,900 employees worldwide, dSPACE has offices in Paderborn, Germany, four project centers in Germany, and serves customers through its regional companies in the USA, the UK, France, Japan, China, Croatia, South Korea, India, Sweden and Italy.

 

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Contacts

dSPACE GmbH

Bernd Schäfers-Maiwald

Vice President, Corporate Marketing & Communications

Rathenaustrasse 26

33102 Paderborn

Tel.: +49 5251 1638-714

E-mail: bschaefers-maiwald@dspace.de

dSPACE GmbH

Ulrich Nolte

Communications Manager, Corporate Marketing & Communications

Rathenaustrasse 26

33102 Paderborn

Tel.: +49-5251-1638--1448

E-mail: unolte@dspace.de

dSPACE Inc--USA

Lisa Kuehl

Sr. Manager Marketing and Communications

50131 Pontiac Trail

Wixom, Michigan, 48393

E-mail: lkuehl@dspaceinc.com

press@dspace.de

Winston & Strawn and Taylor Wessing UK to Combine, Creating a Premier Transatlantic Law Firm

CHICAGO & LONDON - Monday, 15. December 2025

Winston Taylor to build on shared vision and culture in establishing a transatlantic powerhouse for major litigation, critical transactions, strategic IP, and private wealth

(BUSINESS WIRE) -- Winston & Strawn and Taylor Wessing’s UK-led business announced today their intention to combine, creating a premier transatlantic law firm that would operate under a new shared name, Winston Taylor. The combination responds to increasing client demand for seamlessly integrated US–UK–EU counsel for the businesses, people, and markets driving capital and innovation.

The combination once final will unite two international firms with more than 400 years of combined history, complementary strengths, and a common vision to meet clients’ evolving global needs. The combined firm will include more than 1,400 lawyers, establishing one of the largest transatlantic firms whose footprint is primarily in the United States, the United Kingdom, and Europe, and also in Latin America and the Middle East.

Leveraging significant strength and scale in major litigation, critical transactions, strategic IP, and private wealth, Winston Taylor will deliver best-in-class client service across key sectors including technology, life sciences, and financial services. Clients will gain a unified team with end-to-end capabilities across jurisdictions to achieve their business objectives in the breakthrough moments across their lifecycle.

“Once combined, we will have a London-headquartered partner that fulfills our long-held ambition to grow in the UK, while preserving the culture, agility, focus, and relentless client service that define Winston & Strawn,” said Steve D’Amore, Chairman of Winston & Strawn, who will continue as Chairman of the combined firm. “This combination will establish an elite practice in the major commercial centers important to our clients. Winston Taylor will be positioned to lead on the most sophisticated litigation and transactions in the world’s most defining industries.”

"In Winston & Strawn, Taylor Wessing UK will have a US partner that shares our vision, our values, and culture, and absolute focus on the highest levels of client service," said Shane Gleghorn, Managing Partner of Taylor Wessing UK, who will serve as Managing Partner of Europe and Middle East for Winston Taylor and will become a member of its Executive Committee. "By combining Winston & Strawn’s strength in the major hubs across the United States with our coverage of the key centers of London, Europe, and the Middle East we will have created a firm with the highest level of transatlantic capabilities in key practices and sectors."

Winston Taylor, once formed, will bring together two firms with aligned practices, shared clients, and cultures rooted in innovation and exceptional client service. The combined firm’s expanded corporate, private equity, real estate, finance, antitrust, regulatory, and private wealth capabilities will provide clients with end-to-end global business strategy and support. In addition, the combination of Taylor Wessing UK’s Tier 1 UK–EU holistic IP practice with Winston & Strawn’s premier U.S. intellectual property litigation practice will establish a market-leading transatlantic IP platform.

As part of the combination, Taylor Wessing the Netherlands and Belgium will enter into an agreement with Winston Taylor to operate under the Winston Taylor brand.

Completion of the combination is expected in May 2026, subject to approvals and a vote of the partners in each firm. Until then, they will operate as separate firms in the normal course. Upon closing, Taylor Wessing UK and Taylor Wessing the Netherlands and Belgium would depart the Taylor Wessing verein and Winston Taylor would seek to have a cooperation and referral relationship with the Taylor Wessing verein to provide continuity of support to clients.

Notes to editors

The combined business will have 20 offices in Amsterdam, Brussels, Cambridge, Charlotte, Chicago, Dallas, Dubai, Dublin, Eindhoven, Houston, Liverpool, London, Los Angeles, Miami, New York, Paris, San Francisco, São Paulo, Silicon Valley, and Washington DC.

For more information, visit www.winstontaylor.com.

About Winston & Strawn
Founded in 1853, Winston & Strawn is an Am Law 50 firm with ~1,000 lawyers across 14 offices worldwide. The firm is recognized for its leadership in litigation, intellectual property, corporate and finance transactions, and regulatory work across major sectors, including technology, life sciences, and financial services.

About Taylor Wessing UK
Founded in 1782, Taylor Wessing UK is a Top 20 UK law firm with over 450 lawyers in the UK, Ireland and the Middle East. The firm is renowned for its Tier 1 intellectual property, life sciences, technology, and private wealth practices, advising clients ranging from global corporations to leading innovators and investors.

About Taylor Wessing the Netherlands and Belgium
Taylor Wessing the Netherlands and Belgium brings together its Amsterdam, Eindhoven, and Brussels offices into a fully integrated Benelux practice, with over 100 lawyers and civil-law notaries advising high-growth technology and life sciences companies, multinational corporates, and investors on corporate transactions, intellectual property, disputes, and regulatory matters.

 

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Contacts

WinstonTaylor@infiniteglobal.com

Align Partners Sends Second Public Shareholder Letter to Coway, Urging Announcement of Revised Value-up Plan by January 30, 2026

  • Align identifies an inefficient capital structure and a sharp contraction in shareholder returns as core drivers of Coway’s undervaluation

• The letter outlines seven key measures to strengthen capital allocation and governance

• Align urges Coway to announce a more concrete and enhanced Value-up Plan by January 30, 2026

 

(BUSINESS WIRE) -- Align Partners Capital Management Inc. (“Align Partners”), a shareholder of Coway Co., Ltd. (“Coway”) since 2023 holding more than 4% of the Company’s outstanding shares through funds it manages or advises, announced that it has sent a second public shareholder letter to Coway’s Board of Directors. The letter calls for measures to address the company’s chronic undervaluation and enhance shareholder value. Align Partners has requested that Coway announce a revised corporate Value-up Plan reflecting these proposals by January 30, 2026.

In the letter, Align Partners assessed Coway’s February 2025 plan as insufficient to address Coway’s persistent undervaluation and urged the Board to incorporate seven measures: (1) clear mid-to-long-term valuation and ROE targets with execution plans; (2) clarified and strengthened target capital structure policy; (3) updated shareholder return policy reflecting both the target capital structure policy and new dividend income tax separation regime; (4) enhanced investor relations disclosures; (5) board independence reforms; (6) measures to address conflicts of interest between controlling and minority shareholders; and (7) stronger alignment between executive compensation and share price performance.

Despite Coway’s strong operating performance and leading market position, the Company’s valuation remains meaningfully below historical levels. Align Partners attributes this undervaluation primarily to an inefficient capital structure and reduced shareholder returns following Netmarble’s acquisition. Align Partners also noted that Coway has financed finance lease driven working capital growth largely through retained earnings accumulated by scaling back shareholder returns, rather than through lower-cost debt. These capital allocation decisions, according to Align Partners, reflect deeper structural governance issues, including insufficient board independence.

Changhwan Lee, CEO of Align Partners, stated that the second public shareholder letter is intended to encourage Coway to establish a structural framework that enables a return to normalized valuation levels and supports sustainable long-term growth.

More information is available at www.alignpartnerscap.com

About Align Partners

Align Partners is a Korea-focused investment firm led by CEO Changhwan Lee, leveraging private equity and investment banking expertise to drive sustainable growth and address the “Korea discount.”

https://www.alignpartnerscap.com/en/

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Contacts

Wooseok Choi

coway_valueup@alignpartnerscap.com

+82-2-6956-8033

Applications now open for the 5th cycle of the Mohammed bin Rashid Al Maktoum Global Water Award

 HE Saeed Mohammed Al Tayer, Chairman of the Board of Trustees of the UAE Water Aid Foundation (Suqia UAE), announced the opening of applications for the 5th cycle of the Mohammed bin Rashid Al Maktoum Global Water Award, offering USD 1 million in prizes. The award seeks to inspire innovative, clean energy–powered solutions for water production, distribution, storage, desalination and purification, supporting global sustainability efforts.

“Since its establishment, Suqia UAE, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has provided clean water to nearly 15 million people in 37 countries worldwide through sustainable development and humanitarian projects. Additionally, Suqia UAE, under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives and through the Mohammed bin Rashid Al Maktoum Global Water Award, continues to motivate innovators and researchers around the world to develop practical and sustainable solutions to address the water scarcity crisis, which remains one of the most prominent humanitarian and development challenges. UN reports indicate that about 2.2 billion people worldwide still lack access to safely managed drinking water services and that around 10% of the global population lives in countries experiencing high or critical water stress,” said Al Tayer.

“I urge universities, research centres, companies, organisations, and innovators worldwide to participate so that, together, we can help provide clean water to communities most in need,” added Al Tayer.

Mohammed Al Shamsi, Acting Executive Director of Suqia UAE, said the award has received hundreds of applications over four cycles, recognising 43 innovators from 26 countries for pioneering, affordable and sustainable water technologies.

Prizes totalling USD 1 million

The award comprises four main categories: the Innovative Projects Award, which includes the Large Projects Award and the Small Projects Award; the Innovative Research and Development Award, which includes the National Institutions Award and the International Institutions Award; the Innovative Individual Award, which includes the Distinguished Researcher Award and the Youth Award; and the Innovative Crisis Solutions Award.

Applications are open until 30 April 2026 via www.mbrwateraward.ae/awards. Inquiries can be sent to award@suqia.ae.

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Shaikha Almheiri , +971552288228

Mohammed Ben Sulayem Re-Elected as President of the FIA

 (BUSINESS WIRE) -- The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, today confirms that Mohammed Ben Sulayem has been re-elected as President of the FIA, following the election of his Presidential List by the General Assembly in Tashkent, Republic of Uzbekistan.

President Mohammed Ben Sulayem now begins his second four-year term, having overseen a period of significant renewal and stabilisation for the organisation since his initial election in 2021.

Over the past four years, the FIA has undergone a wide-ranging transformation, improving governance, operations and restoring the financial health of the federation. These changes have strengthened the FIA’s position as the world’s governing body for motorsport and the leading authority on safe, sustainable, and affordable mobility.

Under Mohammed Ben Sulayem’s leadership the FIA has reversed a €-24.0m loss in 2021 to a robust operating result of €4.7m in 2024, the strongest financial result the federation has seen in almost 10 years. Today at the FIA Annual General Assemblies, the FIA announced a 2025 operating result forecast of €4.4m, showing continued momentum and sustained financial improvement. This renewed stability has enabled increased long-term investment in Member Clubs and strategic programmes worldwide.

Underpinning this momentum is wider institutional reform over the last four years, with strengthened budgetary discipline, enhanced external audit processes and modernised governance structures, resulting in greater transparency, accountability and professional standards across the organisation.

In addition to these reforms, the FIA has established a commercial function and strengthened its global institutional identity across both motorsport and mobility, expanding regional development activity, supporting grassroots participation, and deepening engagement with international partners on safety, sustainable mobility and the future of transport.

President Mohammed Ben Sulayem said: “Thank you to all our FIA Members for voting in remarkable numbers and placing your trust in me once again. We have overcome many obstacles but here today, together, we are stronger than ever.

“It is truly an honour to be FIA President, and I am committed to continuing to deliver for the FIA, for motorsport, for mobility, and for our Member Clubs in every region around the world.”

The election was conducted in line with the FIA’s statutes through a robust and transparent voting process, reflecting the democratic foundations of the federation and the collective voice of its global membership.

ENDS

About the FIA:

The Fédération Internationale de l’Automobile (FIA) is the governing body for world motor sport and the federation for mobility organisations globally. It is a non-profit organisation committed to driving innovation and championing safety, sustainability and equality across motor sport and mobility.

Founded in 1904, with offices in Paris, London and Geneva, the FIA brings together 245 Member Organisations across five continents, representing millions of road users, motor sport professionals and volunteers. It develops and enforces regulations for motor sport, including seven FIA World Championships, to ensure worldwide competitions are safe and fair for all.

About Mohammed Ben Sulayem:

Mohammed Ben Sulayem, 64, from United Arab Emirates, is a fourteen-time FIA Middle East Rally Champion, winning 61 international events as a driver between 1983-2002. Prior to his first term as FIA President, of which he is the first non-European to be elected, he was FIA Vice President for Sport and Member of the World Motor Sport Council, a Founding Member of ACTAC, Chair of ACTAC, and Vice President for Automobile Mobility and Tourism.

He has been the President of the FIA since 2021 and founded the United Against Online Abuse Campaign in 2023.

 

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Contacts

For media enquiries, please contact:

Sophia Martin-Pavlou, Director of Corporate Communications – smartin-pavlou@fia.com

Geraldine Sherwin, Director of Presidential and Mobility Communications – gsherwin@fia.com

FIA, Formula 1 Group and All 11 Race Teams Officially Sign the Ninth Concorde Agreement, Securing Strength and Stability for the Sport in Pivotal Five-Year Agreement

 PARIS - 

Multi-year Concorde Governance Agreement signed by the FIA, Formula 1 Group and all 11 teams, securing the World Championship through 2030

Paves the way for a more professionalised sport and represents a new era of collaboration between the FIA and Formula 1 Group

Long-term commitment enhances sporting reliability, global reach and stability for teams, fans and broadcasters

 

(BUSINESS WIRE)--The Fédération Internationale de l'Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, and Formula 1 Group, the Commercial Rights Holder, have today announced the signing of the Concorde Governance Agreement, a crucial contract defining the regulatory framework and governance terms of the FIA Formula One World Championship until 2030. This follows the announcement in March that the 2026 Commercial Concorde Agreement had been signed by all the teams and Formula 1 Group. Together, these agreements constitute the ninth Concorde Agreement, representing a major step forward in the professionalisation and global development of the sport.

First introduced in 1981, the Concorde Agreements are designed to promote sporting fairness, technological innovation and operational excellence, and align all key stakeholders around a shared vision for structured governance and continued growth of the sport. Each iteration of the Concorde Agreements has shaped the FIA Formula One World Championship into the global spectacle it is today.

The ninth Concorde Agreement announced today marks the beginning of a new era of collaboration between the FIA and Formula 1 Group, who have worked together to write the next chapter in Formula 1 history, demonstrating mutual respect, transparency and shared purpose between the two organisations. It confirms the participation of all FIA Formula One World Championship teams, including the incoming Cadillac Formula 1 team, through the end of the decade, and provides a stable foundation for the sporting and technical evolution of the sport.

The Concorde Agreement underscores the commitment of the FIA, Formula 1 Group and all teams to continue growing and developing the sport, and to keep driving the momentous expansion it has seen in recent years. The new contract enables the FIA to invest further in improved race regulation, race direction, stewarding and technical expertise for the benefit of the Championship, and means the sport can continue to evolve, providing exciting technological innovation and sporting action for fans, broadcasters and partners, all within a stable and structured regulatory framework. Combined with record viewership growth, a dynamic race calendar, and increasing engagement from younger audiences, the FIA Formula One World Championship enters this next chapter with unprecedented momentum.

Mohammed Ben Sulayem, President of the FIA, said:

“The ninth Concorde Agreement secures the FIA Formula One World Championship’s long-term future and I am proud of the dedication that has been invested in this process. I would like to thank Stefano Domenicali and his team in what has been a strong collaboration, building a framework grounded in fairness, stability, and shared ambition. This agreement allows us to continue modernising our regulatory, technological, and operational capabilities, including supporting our race directors, officials, and the thousands of volunteers whose expertise underpin every race. We are ensuring that Formula 1 remains at the forefront of technological innovation, setting new standards in global sport.”

Stefano Domenicali, President and CEO of Formula 1 Group, said:

“Today is an important day for Formula 1. As we celebrate seventy-five years of this incredible sport, we are proud to write the next chapter in our long and amazing history. This agreement ensures that Formula 1 is in the best possible position to continue to grow around the world. I want to thank the President of the FIA, Mohammed Ben Sulayem and all the teams for the collaboration and determination to achieve the best results for the entire sport in our discussions. We have a huge amount to be proud of, but we also are focussed on the opportunities and exciting potential for Formula 1 in the years ahead.”

The Fédération Internationale de l'Automobile (FIA) is the governing body for world motor sport and the federation for mobility organisations globally. It is a non-profit organisation committed to driving innovation and championing safety, sustainability and equality across motor sport and mobility.

Founded in 1904, with offices in Paris, London and Geneva, the FIA brings together 245 Member Organisations across five continents, representing millions of road users, motor sport professionals and volunteers. It develops and enforces regulations for motor sport, including seven FIA World Championships, to ensure worldwide competitions are safe and fair for all.

 

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Contacts

For media enquiries please contact:

Jonathan Refoy, FIA Chief Communications Officer – jrefoy@fia.com

Cameron Kelleher, FIA Sport Communications Senior Director | Head of Formula 1 Communications – ckelleher@fia.com

Sophia Martin-Pavlou, FIA Corporate Communications Director – smartin-pavlou@fia.com

Kioxia Develops Core Technology that Will Allow the Practical Implementation of High-density, Low-power 3D DRAM

 TOKYO - Friday, 12. December 2025 AETOSWire Print 

Showcase the technology of highly stackable oxide-semiconductor channel transistors

(BUSINESS WIRE)--Kioxia Corporation, a world leader in memory solutions, today announced the development of highly stackable oxide-semiconductor channel transistors that will enable the practical implementation of high-density, low-power 3D DRAM. This technology was presented at the IEEE International Electron Devices Meeting (IEDM) held in San Francisco, USA, on December 10, and has the potential to reduce power consumption across a wide range of applications, including AI servers and IoT components.

In the era of AI, there is growing demand for DRAM with larger capacity and lower power consumption that can process large amounts of data. Traditional DRAM technology is reaching the physical limits of memory cell size scaling, prompting research into the 3D stacking of memory cells to provide additional capacity. The use of single-crystal silicon as the channel material for transistors in stacked memory cells, as is the case with conventional DRAM, drives up manufacturing costs, and the power required to refresh the memory cells increases proportionally to the memory capacity.

At last year’s IEDM, we announced the development of Oxide-Semiconductor Channel Transistor DRAM (OCTRAM) technology that uses vertical transistors made of oxide-semiconductors. In this year's presentation, we showcased technology of highly stackable oxide-semiconductor channel transistors allowing 3D stacking of OCTRAM, verifying the operation of transistors stacked in eight layers.

This new technology stacks mature silicon-oxide and silicon-nitride films and replaces the silicon-nitride region with an oxide-semiconductor (InGaZnO) to simultaneously form vertical layers of horizontally-stacked transistors. We have also introduced a novel 3D memory cell structure capable of scaling the vertical pitch. These manufacturing processes and structures are expected to overcome the cost challenges of achieving 3D stacking of memory cells.

Additionally, it is expected that the refresh power can be reduced thanks to the low off-current characteristics of oxide-semiconductors. We have demonstrated high on-current (more than 30μA) and ultra-low off-current (less than 1aA, 10^-18A) capabilities for the horizontal transistors formed by the replacement process. Moreover, we have successfully fabricated an 8-layer stack of horizontal transistors and confirmed the successful operation of the transistors within that structure.

At Kioxia Corporation we will continue our research and development of this technology in order to realize the deployment of 3D DRAM in real-world applications.

* This announcement has been prepared to provide information on our business and does not constitute or form part of an offer or invitation to sell or a solicitation of an offer to buy or subscribe for or otherwise acquire any securities in any jurisdiction or an inducement to engage in investment activity nor shall it form the basis of or be relied on in connection with any contract thereof.

* Information in this document, including product prices and specifications, content of services and contact information, is correct on the date of the announcement but is subject to change without prior notice.

About Kioxia

Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with “memory” by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, automotive systems, data centers and generative AI systems.

 

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Contacts

Contacts

Kota Yamaji

Public Relations

Kioxia Corporation

+81-3-6478-2319

kioxia-hd-pr@kioxia.com

Saudi Arabia’s EIF and Legends Global Score Big Joint Venture Announcement

  Riyadh, Saudi Arabia - Wednesday, 10. December 2025 AETOSWire Print 

Saudi Arabia’s Events Investment Fund (EIF) and Legends Global have announced a joint venture to support the Kingdom’s vision and investment in its fast-growing venue industry.

 

This partnership will become the venue operator for venue projects within the Kingdom of Saudi Arabia for exhibition and convention centres and entertainment venues to host world-class events in the culture, entertainment, tourism and indoor sports sectors.

 

This incredible investment supports the goals of Vision 2030 and represents a new era in the design, development and operation of world-class venues across the Kingdom of Saudi Arabia.

 

Under the joint venture, Legends Global will deliver management services exclusively for the EIF-developed venues as they are delivered in Saudi Arabia.

 

The signing ceremony took place today at the Development Finance Conference MOMENTUM 2025 in Riyadh, Saudi Arabia. The first venue to be delivered under the agreement will be an Olympic standard shooting range in Riyadh, followed by a business convention and exhibition centre and an arena in Riyadh.

 

Wahdan Suliman Alkadi, Chief Executive Officer at EIF, said: “This joint venture with Legends Global is a defining moment for Saudi Arabia’s events sector. By combining EIF’s vision with Legends’ world-class operational expertise, we are building the foundation for a sustainable, globally competitive industry. This partnership will not only set new standards for venue quality and guest experience but will also unlock new opportunities for local talent and drive economic growth through innovation and international best practices.”

 

Dan Levy, Chief Executive Officer at Legends Global, said: “The visionary leadership of HRH Prince Mohammed bin Salman Al Saud, Crown Prince of Saudi Arabia is being realised and I want to thank Wahdan Suliman Alkadi and the EIF for their partnership with Legends Global. We are proud to collaborate on this once-in-a-generation opportunity to help shape the future of Saudi Arabia's events industry. Drawing on decades of experience, we will deliver a bold vision that benefits citizens and residents while attracting millions of visitors. Together, we are creating destinations, activating communities and advancing Vision 2030 through a portfolio of iconic spaces that serve as catalysts for economic diversification, tourism growth and cultural exchange.” 

 

President and Chief Executive, Asia Pacific and Middle East, for Legends Global, Harvey Lister AM, added: “There is real value in working closely together and blending local heritage with global expertise to help create a network of exceptional venues, innovative management and inclusive experiences. Our global network will help create a thriving ecosystem that attracts international artists, sports and event content to feature alongside local event and festival organisers. Together, we are redefining how people gather, connect and experience entertainment, business and culture.”

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Contacts

Catherine Michael, cmichael@legendsglobal.com

Ahmed Nooraldeen, anooraldeen@eif.gov.sa

Galderma Announces First Patient Enrollment in Study to Assess Nemolizumab in Adults With Chronic Pruritus of Unknown Origin

ZUG, Switzerland - Thursday, 11. December 2025 AETOSWire 

Chronic Pruritus of Unknown Origin (CPUO) is characterized by a persistent, chronic itch with an unknown cause and is associated with very high burden of disease due to severe itch, sleep deprivation and mental distress1

Galderma’s phase II study builds on emerging research that reinforces the role of IL-31 – a neuroimmune cytokine that is involved in driving itch – in CPUO1

Nemolizumab is a monoclonal antibody that specifically targets the IL-31 receptor alpha, inhibiting the signaling of IL-312

It is approved by multiple regulatory authorities for the treatment of moderate-to-severe atopic dermatitis and prurigo nodularis – conditions in which IL-31 plays a key role in driving itch, inflammation, epidermal dysregulation, and, in prurigo nodularis, fibrosis2-6

 

(BUSINESS WIRE)--Galderma (SIX: GALD), the pure-play dermatology category leader, today announced the first patient enrollment for its phase II study investigating the efficacy and safety of nemolizumab in treating patients living with Chronic Pruritus of Unknown Origin (CPUO). The first patient of the trial – which is taking place in the United States – was enrolled at Dr. Vlada Groysman’s site in Birmingham, Alabama.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251210261871/en/

CPUO is an underdiagnosed condition defined as itch lasting for more than six weeks without an identified cause.1 It is a common condition and prevalent in nearly 30% of the elderly in certain populations, but despite its debilitating impact – with effects on sleep, mental health, and overall quality of life – there are currently no approved treatments.1,7

Nemolizumab is a monoclonal antibody that specifically targets the IL-31 receptor alpha, inhibiting the signaling of IL-31, a neuroimmune cytokine that plays a key role in CPUO by driving itch, its main symptom.1-4 This randomized, double-blind, placebo-controlled phase II study will determine the therapeutic potential of nemolizumab in adults with CPUO, to support progression to late-stage development.8

 

“We’re excited to launch this study exploring nemolizumab’s potential in patients with CPUO, many of whom have struggled for years without effective treatment options. Nemolizumab has shown outstanding efficacy in prurigo nodularis – a condition that shares important clinical and mechanistic features with CPUO – through its targeted inhibition of IL-31 signaling. With recent research further reinforcing IL-31 as a key driver of itch in CPUO, we’re hopeful that nemolizumab could offer meaningful relief to patients with this condition.”

DOCTOR SHAWN KWATRA, M.D.

LEAD INVESTIGATOR, CHRONIC PRURITUS OF UNKNOWN ORIGIN PHASE II STUDY

 

New data provides a better understanding of the key drivers of CPUO, underscoring the role of IL-31

Galderma’s study builds on a recent investigation into the causes of inflammation in CPUO, which uncovered critical insights into its complex inflammatory profile. The research – presented at the Society of Investigative Dermatology annual meeting in San Diego in May 2025 – found a significant increase in IL-31-producing CD4+ T cells in CPUO patients, reinforcing IL-31 as a key driver of the disease.9 These results open the door to targeted therapies that address the root causes of CPUO, a disease with significant unmet needs that currently has no approved treatment options.1,9

 

“The first patient enrollment in this study marks an important milestone in our commitment to advancing dermatology for every skin story – especially in areas of high unmet need. CPUO is a deeply distressing condition for patients, and the absence of approved treatments has left many without options. With nemolizumab’s targeted mechanism of action and promising results in related conditions, we’re hopeful this study will pave the way for a new therapeutic approach for those living with CPUO.”

BALDO SCASSELLATI SFORZOLINI, M.D., PH.D.

GLOBAL HEAD OF R&D

GALDERMA

 

More information about the study is available on the clinicaltrials.gov website.

About nemolizumab

Nemolizumab was approved in August 2024 by the United States Food and Drug Administration (U.S. FDA) for the treatment of adults with prurigo nodularis.3 In December 2024, it was also approved by the U.S. FDA for the treatment of patients 12 years and older with moderate-to-severe atopic dermatitis, in combination with topical corticosteroids and/or calcineurin inhibitors when the disease is not adequately controlled with topical prescription therapies.3 To date, nemolizumab is approved for both moderate-to-severe atopic dermatitis and prurigo nodularis by multiple regulatory authorities around the world, including in the European Union, Australia, Singapore, Switzerland and the United Kingdom. Additional regulatory submissions and reviews are ongoing.

Nemolizumab was initially developed by Chugai Pharmaceutical Co., Ltd. In 2016, Galderma obtained exclusive rights to the development and marketing of nemolizumab worldwide, except in Japan. In Japan, nemolizumab is marketed as Mitchga® and is approved for the treatment of prurigo nodularis, as well as pruritus associated with atopic dermatitis in pediatric, adolescent, and adult patients.10,11

About Galderma

Galderma (SIX: GALD) is the pure-play dermatology category leader, present in approximately 90 countries. We deliver an innovative, science-based portfolio of premium flagship brands and services that span the full spectrum of the fast-growing dermatology market through Injectable Aesthetics, Dermatological Skincare and Therapeutic Dermatology. Since our foundation in 1981, we have dedicated our focus and passion to the human body’s largest organ – the skin – meeting individual consumer and patient needs with superior outcomes in partnership with healthcare professionals. Because we understand that the skin we are in shapes our lives, we are advancing dermatology for every skin story. For more information: www.galderma.com.

References

Teresa J, et al. Therapeutics in chronic pruritus of unknown origin. Itch. 2023;8(1): pe64. doi: 10.1097/itx.0000000000000064

Silverberg JI, et al. Phase 2B randomized study of nemolizumab in adults with moderate-to-severe atopic dermatitis and severe pruritus. J Allergy Clin Immunol. 2020;145(1): 173-182. doi: 10.1016/j.jaci.2019.08.013

Nemluvio® U.S. Prescribing Information. Available online. Accessed October 2025

Nemluvio® European Medicines Agency. Summary of Product Characteristics. Available online. Accessed October 2025

Bewley A, et al. Prurigo Nodularis: A Review of IL-31RA Blockade and Other Potential Treatments. Dermatol Ther (Heidelb). 2022;12(9):2039–2048. doi: 10.1007/s13555- 022-00782-2

Kwatra SG, Misery L, Clibborn C, Steinhoff M. Molecular and cellular mechanisms of itch and pain in atopic dermatitis and implications for novel therapeutics. Clin Transl Immunology. 2022;11(5):e1390. doi: 10.1002/cti2.1390

Andrade E, et al. Interventions for chronic pruritus of unknown origin. CDSR. 2020;1(1): CD013128. doi: 10.1002/14651858.CD013128.pub2

ClinicalTrials.Gov. Proof of Concept Study to Assess the Pharmacokinetics/​Pharmacodynamics of Nemolizumab in Adults With Chronic Pruritus of Unknown Origin (CPUO) (CPUO). Available online. Last accessed October 2025

Gage G, et al. Peripheral blood high-dimension flow cytometry of chronic pruritus of unknown origin reveals il-31 and oncostatin m+ producing circulating blood CD4+ T cells. Abstract 0966. Society for Investigative Dermatology (SID) 2025 Meeting Abstract Supplement. J Invest Dermatol Volume 145 Issue 8 SupplementS1-S266

Chugai Pharmaceutical Co., Ltd. Maruho Obtained Regulatory Approval for Mitchga, the first Antibody Targeting IL-31 for Itching Associated with Atopic Dermatitis. Available online. Accessed October 2025

Chugai Pharmaceutical Co., Ltd. Mitchga Approved for Itching in Pediatric Atopic Dermatitis and Prurigo Nodularis, for its Subcutaneous Injection 30mg Vials. Available online. Accessed October 2025 

 

 

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Contacts

For further information:

Christian Marcoux, M.Sc.

Chief Communications Officer

christian.marcoux@galderma.com

+41 76 315 26 50

Emil Ivanov

Head of Strategy, Investor Relations, and ESG

emil.ivanov@galderma.com

+41 21 642 78 12

Richard Harbinson

Corporate Communications Director

richard.harbinson@galderma.com

+41 76 210 60 62

Jessica Cohen

Investor Relations and Strategy Director

jessica.cohen@galderma.com

+41 21 642 76 43

Céline Buguet

Franchises and R&D Communications Director

celine.buguet@galderma.com

+41 76 249 90 87

AB InBev and International Cricket Council Announce Landmark Global Partnership

 

BRUSSELS - 

World’s Leading Brewer becomes the Official Beer Partner of the ICC

(BUSINESS WIRE) -- The International Cricket Council (ICC) announced AB InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH), the world’s leading brewer, will become the Official Beer Partner for all major ICC tournaments starting in 2026. The partnership will be led by Budweiser 0.0, Budweiser’s no-alcohol beer in India, with other ABI mega brands activating in Europe and Africa.

From attending a match live in-stadium to watching one at a bar or pub with friends, with a lower alcohol-by-volume (ABV) and no-alcohol options like Budweiser 0.0, beer is the natural choice to enjoy responsibly. Through this partnership with the ICC, AB InBev will create more moments of cheers, choice and celebration for cricket fans of legal drinking age all over the world.

ICC CEO, Sanjog Gupta said: "Cricket is one of the world’s most loved sports with more than two billion fans and ICC events are its largest platforms for passion, while AB InBev has been at the forefront of creating experiential activations to grow and deepen fandom. This partnership is a natural alliance between organizations striving to elevate moments, create memories and deliver experiences via innovation in avenues for fan engagement. We welcome AB InBev to the ICC’s august list of commercial partners and look forward to co-delivering multi-modal event experiences across our tournaments and amplifying excitement for the sport around the world."

Global Chief Marketing Officer of AB InBev, Marcel Marcondes said: “Cricket is one of the world’s most popular and fastest-growing sports, and we are excited to connect with fans on this mega platform. Beer is the beverage for socialization and moderation, and our partnership with the ICC provides another occasion for our brands to create unforgettable experiences for consumers everywhere.”

The partnership includes all major ICC men’s and women’s events through 2027 including the ICC Men’s T20 World Cup 2026 in India & Sri Lanka, the ICC Women’s T20 World Cup 2026 in the UK, the inaugural ICC Women’s Champions Trophy 2027 in Sri Lanka, the ICC World Test Championship Final 2027 in England and the ICC Men's Cricket World Cup 2027 in South Africa, Zimbabwe and Namibia.

About ICC

The ICC is cricket’s global governing body, representing 110 members worldwide. It oversees major tournaments such as the Men’s and Women’s Cricket and T20 World Cups, enforces the Code of Conduct on professional standards and playing conditions (with the MCC responsible for the Laws of Cricket), appoints match officials for all international formats, and combats corruption through its Anti-Corruption Unit. Its Development department also works with Associate Members to strengthen cricket systems, raise standards, and grow the game globally.

About AB InBev

Anheuser-Busch InBev (AB InBev) is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock Exchange (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are always looking to serve up new ways to meet life’s moments, move our industry forward and make a meaningful impact in the world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest ingredients. Our diverse portfolio of well over 500 beer brands includes global brands Budweiser®, Corona®, Stella Artois® and Michelob Ultra®; multi-country brands Beck’s®, Hoegaarden® and Leffe®; and local champions such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations. From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage the collective strengths of approximately 144 000 colleagues based in nearly 50 countries worldwide. For 2024, AB InBev’s reported revenue was 59.8 billion USD (excluding JVs and associates).

 

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Perma-Pipe International Holdings, Inc. Announces Third Quarter 2025 Financial Results

 Net sales of $61.1 million for the quarter and $155.8 million year-to-date.

Income before income taxes of $10.9 million for the quarter and $21.1 million year-to-date.

Diluted earnings per share of $0.77 for the quarter and $1.49 year-to-date.

Backlog of $148.9 million at October 31, 2025, up from $138.1 million at January 31, 2025.

 

(BUSINESS WIRE) -- Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the third quarter ended October 31, 2025.

“For the three months ended October 31, 2025, net sales were $61.1 million, an increase of $19.5 million, or 46.9%, compared to $41.6 million in the same quarter of the prior year. Growth was driven by higher sales volumes in both the Middle East and North America. Gross profit was $21.0 million, up $6.9 million from $14.1 million last year, reflecting higher activity levels. Selling, general and administrative expenses increased to $8.3 million from $7.3 million, primarily due to higher payroll and professional fees, including approximately $0.5 million relating to Sarbanes-Oxley 404 compliance in connection with our transition from a small reporting company to an accelerated filer. The Company’s effective tax rate (“ETR”) was 27%, compared to 32% in the prior-year quarter, reflecting the impact of product mix in various tax jurisdictions. As a result, net income attributable to common stock was $6.3 million, an increase of $3.8 million, or 152.0%, compared to $2.5 million in the third quarter of fiscal 2024,” noted President and CEO Saleh Sagr.

“For the nine months ended October 31, 2025, net sales were $155.8 million, an increase of $42.4 million, or 37.4%, compared to $113.4 million in the prior-year period. The increase was primarily attributable to higher sales volumes in both the Middle East and North America. Gross profit was $52.2 million, compared to $38.1 million in the prior year period, reflecting increased activity levels during the current year. General and administrative expenses were $26.1 million, up from $19.5 million, due to higher payroll and professional fees, including approximately $1.0 million relating to Sarbanes-Oxley 404 compliance in connection with our transition from a small reporting company to an accelerated filer. This also includes a one-time compensation charge of approximately $2.0 million related to the departure of the previous CEO. The Company’s effective tax rate was 29%, compared to 28% in the prior-year period. The increase in the Company's tax rate was impacted due to product mix in various tax jurisdictions and as a result of a tax limitation relating to the one-time charge in connection with the previous CEO's departure. Net income attributable to common stock increased to $12.1 million, an increase of $4.9 million, or 68.1%, compared to $7.2 million in the same period of fiscal 2024,” Mr. Sagr commented.

President and CEO Saleh Sagr added: “As of October 31, 2025, our backlog totaled $148.9 million, representing an increase of $10.8 million, or 7.8%, compared with the $138.1 million reported as of January 31, 2025. Our current backlog levels continue to demonstrate substantial growth; in particular, backlog at the end of the third fiscal quarter of 2025 reflects an increase of more than 30% over the backlog recorded at the end of the prior year’s third quarter. This expansion is evident across both North America and the MENA region, underscoring the sustained strength of demand for our solutions.”

“As of October 31, 2025, our year-to-date revenues approximate the revenues reported for the full-year fiscal 2024. Current year-to-date net income attributable to common stock was $12.1 million, an increase of $3.1 million, or 34.4%, compared to approximately $9.0 million in fiscal 2024. The fact that year-to-date net income has exceeded full-year fiscal 2024 results with one quarter remaining in fiscal 2025 reflects continued operational and financial improvement. In addition, net income attributable to common stock for the three and nine months ended October 31, 2025, represents the highest level of earnings since the Company's transition from MFRI to Perma-Pipe in 2017," Mr. Sagr continued.

“We have continued to experience solid financial performance, supported by sustained activity in our core markets and improved operating leverage. Our operations in the Middle East and North America delivered strong results, further evidencing the ongoing strengthening of our global platform. This performance is reflected in our quarterly and year-to-date results as well as in the growth of our backlog. These results also align with our strategic initiatives, including our investment in the new Qatar facility, which has secured more than $5.0 million in awards scheduled for execution during the remainder of the year. We remain focused on driving profitable growth and enhancing our competitive position within the markets we serve,” Mr. Sagr concluded.

Third Quarter Fiscal 2025 Results

Net sales were $61.1 million and $41.6 million in the three months ended October 31, 2025 and 2024, respectively. The increase of $19.5 million was a result of increased sales volumes in the Middle East and in North America.

Gross profit was $21.0 million and $14.1 million in the three months ended October 31, 2025 and 2024, respectively. The increase of $6.9 million was driven primarily by increased volume of activity in the quarter.

General and administrative expenses were $8.3 million and $7.3 million in the three months ended October 31, 2025 and 2024, respectively. The increase of $1.0 million was mainly due to higher payroll expenses and, to a lesser extent, professional fees in the quarter.

Selling expenses were $1.3 million and $1.2 million in the three months ended October 31, 2025 and 2024, respectively. The increase of $0.1 million was due to higher payroll expense in the quarter.

Net interest expense remained consistent and was $0.5 million in the three months ended October 31, 2025 and 2024, respectively.

The Company's ETR was 27% and 32% in the three months ended October 31, 2025 and 2024, respectively. The lower ETR for the three months ended October 31, 2025 is due to the mix of income and loss in various jurisdictions

Net income attributable to common stock was $6.3 million and $2.5 million in the three months ended October 31, 2025 and 2024, respectively. The increase of $3.8 million was mainly due to increased sales activity in the quarter, and better project execution.

Fiscal 2025 Year-to-Date Results

Net sales were $155.8 million and $113.4 million in the nine months ended October 31, 2025 and 2024, respectively. The increase of $42.4 million was a result of increased sales volumes in the Middle East and in North America.

Gross profit was $52.2 million and $38.1 million in the nine months ended October 31, 2025 and 2024, respectively. The increase of $14.1 million was driven primarily by increased volume of activity.

General and administrative expenses were $26.1 million and $19.5 million in the nine months ended October 31, 2025 and 2024, respectively. The increase of $6.6 million was due to higher payroll expenses and professional fees. This includes a one-time charge due to an acceleration of certain executive compensation expense as a result of a departure from the organization.

Selling expenses remained consistent and were $3.5 million and $3.8 million in the nine months ended October 31, 2025 and 2024, respectively. The decrease of $0.3 million was primarily attributable to lower payroll expenses.

Net interest expense was $1.3 million and $1.5 million in the nine months ended October 31, 2025 and 2024, respectively. The decrease of $0.2 million was the result of an overall reduction in interest rates during the current year.

The Company's ETR was 29% and 28% in the nine months ended October 31, 2025 and 2024, respectively. The change in the ETR is due to the mix of income and loss in various jurisdictions.

Net income attributable to common stock was $12.1 million and $7.2 million in the nine months ended October 31, 2025 and 2024, respectively. The increase of $4.9 million was mainly due to increased sales volumes and better project execution during the current year.

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. (the “Company”) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, the Company has operations at fourteen locations in seven countries.

Forward-Looking Statements

Certain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (i) fluctuations in the price of oil and natural gas and its impact on customer order volume for the Company's products; (ii) the Company’s ability to purchase raw materials at favorable prices and to maintain beneficial relationships with its suppliers; (iii) decreases in government spending on projects using the Company’s products, and challenges to the Company’s non-government customers’ liquidity and access to capital funds; (iv) the Company’s ability to repay its debt and renew expiring international credit facilities; (v) the Company’s ability to effectively execute its strategic plan and achieve sustained profitability and positive cash flows; (vi) the Company's ability to collect a long-term account receivable related to a project in the Middle East; (vii) the Company’s ability to interpret changes in tax regulations and legislation; (viii) the Company's ability to use its net operating loss carryforwards; (ix) reversals of previously recorded revenue and profits resulting from inaccurate estimates made in connection with the Company’s "over-time" revenue recognition; (x) the Company’s failure to establish and maintain effective internal control over financial reporting; (xi) the timing of order receipt, execution, delivery and acceptance for the Company’s products; (xii) the Company’s ability to successfully negotiate progress-billing arrangements for its large contracts; (xiii) aggressive pricing by existing competitors and the entrance of new competitors in the markets in which the Company operates; (xiv) the Company’s ability to manufacture products free of latent defects and to recover from suppliers who may provide defective materials to the Company; (xv) reductions or cancellations of orders included in the Company’s backlog; (xvi) risks and uncertainties specific to the Company's international business operations; (xvii) the Company’s ability to attract and retain senior management and key personnel; (xviii) the Company’s ability to achieve the expected benefits of its growth initiatives; (xix) the impact of pandemics and other public health crises on the Company and its operations; and (xx) the impact of cybersecurity threats on the Company’s information technology systems. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at https://www.sec.gov and under the Investor Center section of our website (http://investors.permapipe.com).

The Company's fiscal year ends on January 31. Years, results, and balances described as 2025, 2024, and 2023 are for the fiscal year ended January 31, 2026, 2025, and 2024, respectively.

Additional information regarding the Company's financial results for the three and nine months ended October 31, 2025, including management's discussion and analysis of the Company's financial condition and results of operations, is contained in the Company's Quarterly Report on Form 10-Q for the quarterly period ended October 31, 2025, which will be filed with the Securities and Exchange Commission on or about the date hereof and will be accessible at www.sec.gov and www.permapipe.com. For more information, visit the Company's website.

The following information contains a reconciliation of the non-GAAP financial measure of adjusted income before tax and income before income tax prepared in accordance with generally accepted accounting principles ("GAAP") for the three and nine months ended October 31, 2025 and 2024, respectively. This reconciliation is intended to provide investors with useful information in evaluating the Company's performance. Adjusted income before tax includes certain adjustments as identified below. This measure is not considered an alternative to income before income tax or other financial measures of performance that are prepared in accordance with GAAP. The Company believes that the exclusion of certain items from income before income tax allows investors to more effectively evaluate the Company's operating performance and identify trends that might not be apparent due to the variability and infrequent nature of these items. In addition, the Company believes this measure provides meaningful information to investors when comparing results between periods and performance with respect to the Company's peers.

Adjustments made for certain items are further described as follows: (i) one-time charge in connection with the acceleration of executive compensation; (ii) other non-recurring charges. As a result of these adjustments, some items that affect income before income tax may not be comparable to similar measures of other companies.

The following table provides a reconciliation of the GAAP and non-GAAP financial measure:

  Three Months Ended July 31 Six Months Ended July 31,

 

2025

 

2024

 

2025

 

2024

Income before income tax (GAAP as reported)

$

10,900

 

$

5,068

 

$

21,089

 

$

13,218

Acceleration of certain executive compensation

 

-

 

 

-

 

 

2,018

 

 

-

Other one-time charges

 

-

 

 

-

 

 

88

 

 

-

Adjusted income before tax

$

10,900

 

$

5,068

 

$

23,195

 

$

13,218

 

 

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Contacts

Perma-Pipe International Holdings, Inc.

Saleh Sagr, President and CEO

Perma-Pipe Investor Relations

847.929.1200

investor@permapipe.com