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NUBURU Announces $38.0 Million Public Offering Priced at Approximately 30% Premium to Advance Tekne Acquisition and Retire Outstanding Indebtedness

NUBURU Announces $38.0 Million Public Offering Priced at Approximately 30% Premium to Advance Tekne Acquisition and Retire Outstanding Indebtedness

Proceeds expected to satisfy Golden Power requirements for NUBURU’s proposed acquisition of a 70% controlling interest in Tekne and eliminate recurring equity-line debt-service issuances

DENVER–(BUSINESS WIRE)–
NUBURU, Inc. (NYSE American: BURU), a next-generation dual-use Defense & Security integrated platform company, today announced the pricing of a best-efforts public offering expected to generate gross proceeds of approximately $38.0 million, before deducting placement agent fees and other offering expenses.

The offering consists of an aggregate of 244,372,984 shares of common stock and/or pre-funded warrants to purchase shares of common stock, together with accompanying shares of Series B Preferred Stock. The combined public offering price is $0.1555 per share of common stock and accompanying Series B Preferred Stock, or $0.1554 per pre-funded warrant and accompanying Series B Preferred Stock, reflecting the $0.0001 exercise price of each pre-funded warrant. The $0.1555 combined public offering price represents approximately 30% premium to the $0.1199 closing price of NUBURU common stock on July 15, 2026. The offering was led by a New York-based single-family office, with participation from other well-known accredited investors and family offices.

The offering is expected to close on or about July 16, 2026, subject to the satisfaction of customary closing conditions. Joseph Gunnar & Co., LLC is acting as the exclusive placement agent for the offering.

Strategic Use of Proceeds

NUBURU intends to use the net proceeds from the offering to:

  • satisfy the financial-assurance requirements associated with the Italian Government Golden Power review and position NUBURU to complete its previously announced proposed acquisition of a 70% controlling interest in Tekne S.p.A. (“Tekne”), subject to Golden Power clearance and the other closing conditions;

  • redeem the approximately $15.5 million remaining principal amount of the outstanding December 2025 debenture, which matures in December 2026, and pay $1.25 million of convertible notes issued in connection with the Lyocon acquisition;

  • eliminate the recurring monthly amortization and related equity-line share-issuance pressure associated with the outstanding debenture and halt use of the Company’s equity line for at least 90 days, subject to the terms and exceptions in the definitive offering agreements; and

  • support acquisition, working-capital and near-term execution requirements for NUBURU’s integrated Defense & Security platform.

Offering and Prospectus Information

The securities are being offered by NUBURU pursuant to an effective registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). A final prospectus relating to and describing the final terms of the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov.

Copies of the final prospectus may also be obtained, when available, from Joseph Gunnar & Co., LLC, Attn: Syndicate Department, 40 Wall Street, 30th Floor, New York, NY 10005, by telephone at (212) 440-9600 or by e-mail at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About NUBURU, Inc.

NUBURU, Inc. (NYSE American: BURU) is a next-generation dual-use Defense & Security integrated platform company delivering software-orchestrated, hardware-enabled capabilities for defense and security, critical-infrastructure and digital-resilience markets. Its platform strategy includes directed-energy and non-kinetic effects, electronic warfare and CEMA, defense mobility, operational-resilience software and advanced deployable manufacturing.

NUBURU is focused on strengthening its capital structure, integrating strategic investments and converting its opportunity pipeline into contractual orders and sustained revenue growth. For more information, please visit www.nuburu.net/investor-relations and follow NUBURU on X at https://x.com/nuburulasers and on LinkedIn at https://www.linkedin.com/company/nuburu.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the expected closing of the offering; anticipated gross and net proceeds; the intended use of proceeds; repayment of the outstanding debenture and Lyocon notes; the expected reduction in equity-line usage and recurring share issuances; the Golden Power process and proposed Tekne acquisition; the expected consolidation and contribution of Tekne’s operations and financial results; the conditional mandatory-conversion payment feature of the Series B Preferred Stock and potential additional cash proceeds; the Company’s capital structure, liquidity, platform execution and shareholder-value objectives; and the expected benefits of the Company’s Defense & Security transformation plan.

These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including failure to satisfy closing conditions; changes in the final allocation, classification or accounting treatment of the offered securities; the dilutive effect of the offering and future conversions or issuances; failure of the conditions required for a mandatory conversion payment to occur; the possibility that Series B Preferred Stock may convert without additional cash proceeds; insufficient authorized shares or failure to obtain stockholder approval; inability to redeem indebtedness or halt equity-line usage as expected; delay, conditions or denial in the Golden Power process; failure to complete, consolidate or integrate Tekne; differences between expected and actual operating results; inability to satisfy NYSE American continued-listing standards; liquidity and capital-market risks; and other risks described in NUBURU’s filings with the SEC. NUBURU undertakes no obligation to update any forward-looking statement except as required by law.

Investor Relations [email protected] | Media [email protected] | www.nuburu.net

KEYWORDS: Colorado Europe United States Italy North America

INDUSTRY KEYWORDS: Contracts Defense

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AST SpaceMobile Announces Pricing of Private Offering of $1.0 Billion of Convertible Senior Notes Due 2034 (Effective Conversion Price of $149.20 per Share with Capped Call)

AST SpaceMobile Announces Pricing of Private Offering of $1.0 Billion of Convertible Senior Notes Due 2034 (Effective Conversion Price of $149.20 per Share with Capped Call)

MIDLAND, Texas–(BUSINESS WIRE)–
AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the pricing of $1.0 billion aggregate principal amount of 1.625% convertible senior notes due 2034 (the “Notes”) in a private offering (the “Notes Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The sale of the Notes to the initial purchasers is expected to settle on July 20, 2026, subject to customary closing conditions.

Key Elements of the Transaction:

  • $1.0 billion 1.625% convertible senior notes due 2034, which have an initial conversion price of approximately $79.57 per share of AST SpaceMobile’s Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of AST SpaceMobile’s Class A common stock on July 15, 2026.

  • Capped call transactions entered into in connection with the pricing of the Notes have an initial cap price of $149.20 per share of AST SpaceMobile’s Class A common stock, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile’s Class A common stock on July 15, 2026.

Option to Purchase Additional Notes:

AST SpaceMobile also granted the initial purchasers of the Notes in the Notes Offering an option to purchase, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued, up to an additional $150.0 million aggregate principal amount of Notes.

Use of Proceeds:

AST SpaceMobile estimates that the net proceeds from the Notes Offering will be approximately $983.6 million (or approximately $1,131.2 million if the initial purchasers’ option to purchase additional Notes is exercised in full), after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by AST SpaceMobile. AST SpaceMobile intends to use $96.9 million of the net proceeds from the Notes Offering to pay the cost of the capped call transactions described below. AST SpaceMobile intends to use the remaining net proceeds from the Notes Offering to pursue an expanding universe of growth initiatives and secure additional access to orbit for its space-based cellular broadband network, including partnerships and/or acquisitions to further vertically integrate its business and mitigate risks associated with third-party launch providers. AST SpaceMobile currently does not have any understandings or agreements with respect to any such strategic transactions. If the initial purchasers exercise their option to purchase additional Notes, AST SpaceMobile expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions with the option counterparties (as defined below), with the remainder of the net proceeds to be used as described above.

Additional Details of the Notes:

The Notes will be senior, unsecured obligations of AST SpaceMobile. The Notes will accrue interest at an annual rate of 1.625%, payable semiannually in arrears on February 1 and August 1 of each year, beginning on February 1, 2027. The Notes will mature on February 1, 2034, unless earlier converted or repurchased.

Prior to the close of business on the business day immediately preceding November 1, 2033, noteholders will have the right to convert their Notes only upon the satisfaction of specified conditions and during certain periods. On or after November 1, 2033 and until the close of business on the second scheduled trading day immediately preceding February 1, 2034, noteholders may convert their Notes at any time regardless of these conditions. The initial conversion rate will be 12.5672 shares of AST SpaceMobile’s Class A common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $79.57 per share of AST SpaceMobile’s Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of $66.31 per share of AST SpaceMobile’s Class A common stock on the Nasdaq Global Select Market on July 15, 2026), subject to adjustment in certain circumstances. AST SpaceMobile will settle conversions of Notes by paying or delivering, as the case may be, cash, shares of AST SpaceMobile’s Class A common stock, or a combination thereof, at AST SpaceMobile’s election.

The Notes will not be redeemable at AST SpaceMobile’s option prior to the maturity date, and no sinking fund is provided for the Notes.

Noteholders will have the right, subject to certain conditions and exceptions described in the indenture governing the Notes (the “indenture”), to require AST SpaceMobile to repurchase for cash all or a portion of their Notes upon the occurrence of a fundamental change (as defined in the indenture) at a purchase price of 100% of their principal amount plus accrued and unpaid interest, if any, to, but excluding, the relevant repurchase date. In addition, following certain corporate events that occur prior to February 1, 2034, AST SpaceMobile will, in certain circumstances, increase the conversion rate for a noteholder who elects to convert its Notes in connection with such corporate events.

Capped Call Transactions:

In connection with the pricing of the Notes, AST SpaceMobile entered into capped call transactions with certain of the initial purchasers of the Notes or affiliates thereof and other financial institutions (the “option counterparties”). The capped call transactions cover, subject to customary adjustments, the number of shares of AST SpaceMobile’s Class A common stock initially underlying the Notes. The capped call transactions are expected generally to reduce the potential dilution to AST SpaceMobile’s Class A common stock upon any conversion of Notes and/or offset any cash payments AST SpaceMobile is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap. The cap price of the capped call transactions is initially $149.20 per share, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile’s Class A common stock of $66.31 per share on the Nasdaq Global Select Market on July 15, 2026, and is subject to certain adjustments under the terms of the capped call transactions.

In connection with establishing their initial hedges of the capped call transactions, AST SpaceMobile expects the option counterparties or their respective affiliates will enter into various derivative transactions with respect to AST SpaceMobile’s Class A common stock and/or purchase shares of AST SpaceMobile’s Class A common stock concurrently with or shortly after the pricing of the Notes, including with, or from, as the case may be, certain investors in the Notes. This activity could increase (or reduce the size of any decrease in) the market price of AST SpaceMobile’s Class A common stock or the Notes at that time.

In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to AST SpaceMobile’s Class A common stock and/or purchasing or selling AST SpaceMobile’s Class A common stock or other securities of AST SpaceMobile in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so during the 20 trading day period beginning on the 21st scheduled trading day prior to the maturity date of the Notes, or, to the extent AST SpaceMobile exercises the relevant termination election under the capped call transactions, following any repurchase or conversion of the Notes). This activity could also cause or avoid an increase or a decrease in the market price of AST SpaceMobile’s Class A common stock or the Notes, which could affect a noteholder’s ability to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of Notes, it could affect the number of shares, if any, and value of the consideration that a noteholder will receive upon conversion of its Notes.

The Notes are only being offered and will only be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act by means of a private offering memorandum. Neither the Notes nor the shares of AST SpaceMobile’s Class A common stock potentially issuable upon conversion of the Notes, if any, have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, such registration requirements.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the Notes or any shares of AST SpaceMobile’s Class A common stock potentially issuable upon conversion of the Notes and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.

About AST SpaceMobile

AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio, designed for both commercial and government applications. Our engineers and space scientists are on a mission to enable 4G and 5G space-based cellular broadband to every device, everywhere, for today’s nearly 6 billion mobile subscribers globally.

Forward-Looking Statements

This communication contains “forward-looking statements” that are not historical facts, including statements concerning the completion of the Notes Offering, the potential effects of entering into the capped call transactions, and the expected use of the net proceeds from the Notes Offering. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “potential,” “will,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Such risks include, but are not limited to, whether AST SpaceMobile will consummate the Notes Offering, prevailing market conditions, the anticipated principal amount of the Notes, which could differ based upon the exercise of the initial purchasers’ option to purchase additional Notes, the anticipated use of the net proceeds from the Notes Offering, which could change as a result of market conditions or for other reasons, whether the capped call transactions described above will become effective, the effects of entering into these transactions, and the impact of general economic, industry or political conditions in the United States or internationally.

AST SpaceMobile cautions that the foregoing list of factors is not exclusive. AST SpaceMobile cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in AST SpaceMobile’s Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on March 2, 2026, its Form 10-Q for the fiscal quarter ended March 31, 2026 filed with the SEC on May 11, 2026 and the future reports that it may file from time to time with the SEC. AST SpaceMobile’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, AST SpaceMobile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Investor Contact:

Scott Wisniewski

[email protected]

Media Contacts:

Allison Worldwide

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Technology Satellite Aerospace Manufacturing Mobile/Wireless Telecommunications

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Jabil Opens Next-Generation Intelligent Logistics Hub in Penang

Jabil Opens Next-Generation Intelligent Logistics Hub in Penang

AI-enabled facility leverages automation, connected systems, and real-time insights to strengthen supply chain resilience

PENANG, Malaysia–(BUSINESS WIRE)–Jabil Inc. (NYSE: JBL), a global leader in engineering, supply chain, and manufacturing solutions, has opened its next-generation logistics hub in Penang.

Jabil’s new Intelligent Logistics Hub (or the Hub) spans around 417,000 square feet and is located in the Valdor Industrial Park in Sungai Jawi, Penang. The digitalised facility is set to boost the company’s back-end operations and support customers’ rapidly growing product complexity and capacity demands using AI-enabled capabilities to streamline inventory management, enhance traceability and tracking, deploy autonomous robots, and more.

“Supply chain volatility, rising logistics and operating costs, and the need for greater visibility into inventory are a few challenges faced in today’s advanced manufacturing and electronics supply chains. Coupled with the growth we see in the region, the new facility is a timely investment to enhance our automation capability and help Jabil grow to meet our customers’ future needs,” said HH Yeo, Jabil’s Senior Vice President of Operations.

“The Jabil Intelligent Logistics Hub demonstrates how Malaysian innovation and engineering capabilities can deliver world-class industrial infrastructure that meets the evolving needs of global supply chains. This project reflects our commitment to enabling smarter, more resilient, and future-ready industrial ecosystems that support Malaysia’s economic growth and competitiveness,” said Dato’ Hj Abd Rahim bin Hj Jaafar, Executive Chairman of PTT Synergy Group Berhad, which delivered the facility through its subsidiary PROTT Sdn. Bhd. (PROTT).

Leveraging Penang’s strategic location, the new logistics hub will support end-to-end material flow, with capabilities including kitting, inventory management, automated storage and retrieval systems (ASRS), sequencing, packing, cross-docking, traceability, and just-in-time (JIT) delivery to production lines.

Jabil opened its first Penang location in 1995. Across its eight Malaysian facilities, the company today employs more than 14,000 people and serves a wide range of industries, from automotive and transportation; cloud and data centre infrastructure; defence and aerospace; healthcare; and semiconductor capital equipment.

Jabil has been recognised as Best Employer and Employer of Choice in the Malaysia- International HR (MIHRM) Award in 2024; Responsible Business Alliance Validated Assessment Program (RBA VAP) Gold Certificate (Penang); received the CSR Malaysia Award 2025; Excellence in Corporate Social Responsibility (CSR) Award; ESG Commitment Award by the Association of Malaysian Medical Industries (AMMI); and is a longstanding recipient of MY AmCham Cares Excellence Awards.

To learn about and apply for open positions at Jabil’s facilities in Malaysia, visit jabil.com/careers.

About Jabil

At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world’s top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With 60 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customised solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimise environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.

Additional Information:

The Jabil Intelligent Logistics Hub Facility Highlights

Scale: The facility accommodates approximately 52,300 pallet positions and incorporates a fully Automated Storage and Retrieval System (ASRS), climate-controlled environments, and intelligent warehouse technologies to ensure the secure handling of high-value and sensitive materials, including semiconductors and advanced electronic components. The facility also features high-bay stacker cranes, autonomous robotics and digital twin capabilities.

Security: Designed and constructed in accordance with FM Global standards, the facility provides a highly resilient and secure operating environment.

Real-time visibility and traceability: At the core of the operation is an integrated Digital Twin platform powered by Artificial Intelligence (“AI”) and Internet of Things (“IoT”) technologies. The data-driven system delivers real-time operational visibility, preventive maintenance capabilities, energy optimisation, and end-to-end inventory traceability, enhancing operational efficiency while supporting long-term reliability and sustainability objectives.

Safety: Supported by an integrated fleet of approximately 160 autonomous mobile robots (AMRs), forklift mobile robots (FMRs), sky transfer units (STUs), robotic arms, and automated scanning systems, the facility enables seamless material movement and inventory management from inbound receipt to outbound fulfilment.

Sustainability considerations have been embedded throughout the facility’s design and operations. A rooftop solar photovoltaic system is scheduled for installation in September 2026, supporting the facility’s target to achieve GreenRE Bronze certification and contributing to lower-carbon industrial operations.

The facility was delivered by PTT Synergy Group Berhad (Bursa: PTT) through its wholly owned subsidiary, PROTT Sdn. Bhd., (PROTT) which served as the total complete intelligent intralogistics solutions provider, integrating smart warehouse technologies, automation, and digital twin capabilities.

Media Contact

Aileen Han

Director, Enterprise Marketing and Communications

[email protected]

KEYWORDS: Florida North America United States Asia Pacific Malaysia Southeast Asia

INDUSTRY KEYWORDS: Engineering Other Manufacturing Manufacturing

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Cloudastructure Schedules Q1 2026 Earnings Call 

Conference Call to be held on Friday, July 17th at 12:00 P.M. ET | 9:00 A.M. PT

PALO ALTO, Calif., July 15, 2026 (GLOBE NEWSWIRE) — Cloudastructure, Inc. (“Cloudastructure” or “the Company”) (Nasdaq: CSAI), a leader in cloud-native AI surveillance and remote guarding, today announced that it will host a conference call on Friday, July 17th, 2026 at 12:00 P.M. ET | 9:00 A.M. PT to discuss its financial results for the first quarter ended March 31, 2026 and provide a business update. The Company will report its financial results for the first quarter of 2026 on Friday, July 17th, 2026 before market open.

First Quarter 2026 Financial Results Conference Call:

Date: July 17, 2026
Time: 12:00 P.M. ET | 9:00 A.M. PT
Live Call: 1-888-506-0062 (U.S. Toll Free) or 1-973-528-0011 (International)
Access Code: 837138
Webcast: https://www.webcaster5.com/Webcast/Page/3134/54039

For interested individuals unable to join the conference call, a replay will be available through July 31, 2026, by dialing 1-877-481-4010 (U.S. Toll Free) or 1-919-882-2331 (International). Participants must use the following code to access the replay of the call: 54039. An archived version of the webcast will also be available for 365 days.

As previously announced, the Company’s Q1 2026 filing was delayed pending review, in consultation with its independent registered public accounting firm, of a technical accounting matter involving the balance sheet classification of its Series 1 Convertible Preferred Stock (fully converted in 2025) and Series 2 Convertible Preferred Stock. On July 6, 2026, the Company announced a resolution whereby it amended the terms of its Series 2 Convertible Preferred Stock to, among other things, eliminate the variable conversion price feature and exchanged 1,170 of those shares with the sole holder of Series 2 Convertible Preferred Stock for an unsecured promissory note. Separately, the upcoming Q1 2026 filing will reflect a revised, non-cash accounting presentation for both series affecting only balance sheet classification, with no impact on the Company’s cash position, operations, total assets, or net assets.

About Cloudastructure

Headquartered in Palo Alto, California, Cloudastructure’s patented award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary, state-of-the-art AI/ML analytics, and a seamless remote guarding solution. The combination enables enterprise businesses to achieve proactive, end-to-end security, and pairs that platform with an attractive value proposition that eschews proprietary hardware and offers contract-free, month-to-month pricing and unlimited 24/7 support. With Cloudastructure, companies can achieve unparalleled situational awareness in real time and thereby stop crime as it is happening, while simultaneously achieving up to a 75% lower Total Cost of Ownership than other systems. For more information, visit https://www.cloudastructure.com.

Media Contact

Kathleen Hannon, Sr. Communications Director
Cloudastructure, Inc.
704.574.3732
[email protected]

Investor Contact

Valter Pinto, Managing Director
KCSA Strategic Communications
212.896.1254
[email protected]



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Japan’s Enterprises and Startups Build Industry-Specialized AI With NVIDIA Nemotron Open Models

News Summary:

  • Institution of Science Tokyo, SoftBank Corp.’s SB Intuitions and Stockmark are adopting NVIDIA Nemotron to build locally developed AI models designed to serve Japanese users, businesses and institutions amid the country’s demographic and workforce transition.
  • Japanese enterprises avatarin, ENEOS Holdings, Hitachi and NTT DATA are building Japanese-language AI applications with NVIDIA Nemotron, from remote-presence robotics to enterprise agents and specialized medical and contact centers.
  • Sakana AI is integrating NVIDIA Nemotron into its Fugu model-routing platform, expanding the set of AI models Fugu can intelligently orchestrate to dynamically select the best model for each task.

TOKYO, July 15, 2026 (GLOBE NEWSWIRE) — NVIDIA today announced that leading Japanese enterprises, startups and research institutions are building industry-specialized AI models and applications with NVIDIA Nemotron™ open models, data and libraries, accelerating the development of AI tailored to Japan’s language, industries and workforce.


Open models
 are the foundation of national AI ecosystems, giving organizations the ability to customize, deploy and govern AI they control.

In Japan, these capabilities are increasingly important as the country addresses an aging population and workforce transition, driving demand for AI tailored to local industries that helps strengthen the workforce, sustain productivity and accelerate innovation.

“Every nation and every company should own and control its intelligence infrastructure. Open models make that possible,” said Jensen Huang, founder and CEO of NVIDIA. “They give countries, enterprises and researchers the freedom to inspect, improve, adapt, secure and deploy AI for their own needs. Together with Japan’s AI leaders, we are advancing an open AI ecosystem that accelerates discovery, strengthens national capability and ensures every society can participate in — and benefit from — the AI revolution.”

Building Specialized AI for Japan With NVIDIA Nemotron

Across Japan, developers are building specialized AI with NVIDIA Nemotron open models and datasets, tailoring them to the country’s industries and public-sector needs.

Institute of Science Tokyo developed its Swallow family of open foundation models using NVIDIA Nemotron datasets and the NVIDIA NeMo™ software stack for continual pretraining and post-training. Swallow models enhance Japanese language and reasoning performance while preserving the underlying models’ core English, math and coding capabilities. Enterprises are customizing and deploying Swallow for specialized use cases, including financial-document translation and asset-management report generation.

SB Intuitions Corp., SoftBank Corp.’s generative AI research subsidiary, trained its Sarashina series of homegrown generative AI models using NVIDIA Nemotron, including the NVIDIA NeMo RL and Megatron-LM libraries. Sarashina3 mini has been selected by Japan’s Digital Agency for use in specialized AI use cases. SoftBank Corp. has also developed and deployed a large telco model, using NVIDIA Nemotron, to enable autonomous telecom network operations.


Stockmark
’s specialized Japanese-language document-understanding model, released today, is based on the NVIDIA Nemotron 3 Nano Omni model. The company is also developing enterprise knowledge applications using NVIDIA NeMo Retriever™ and the Nemotron-Personas-Japan dataset, serving customers across Japan’s manufacturing, energy and chemical industries through Japan’s Generative AI Accelerator Challenge national project.

Transforming Japan’s Industries With NVIDIA Nemotron

Japanese enterprises are using NVIDIA Nemotron to modernize essential services, improve productivity and support the country’s workforce.

AI and robotics startup avatarin is using NVIDIA Nemotron open models and NVIDIA NeMo to develop Japanese-language speech and reasoning capabilities for enterprise AI agents. NVIDIA HGX™ B300 systems provide the private AI infrastructure that enables those agents to securely analyze customer conversations and access enterprise knowledge for more accurate responses, while NVIDIA Jetson™ powers edge AI capabilities, including digital avatar systems being deployed at airports and other locations across Japan.

ENEOS Holdings is using NVIDIA Nemotron open models with the NVIDIA AI-Q Blueprint and NVIDIA ALCHEMI NIM microservices to advance agentic AI workflows for energy and materials R&D. Researchers are using these technologies to integrate technical document search, vision and language understanding, and simulation-backed molecular screening, helping accelerate materials exploration for applications such as immersion-cooling fluids and advanced catalysts.

NTT DATA, an operating subsidiary of NTT, used NVIDIA Nemotron-Personas-Japan to augment training data for its proprietary tsuzumi 2 model, improving question-answering accuracy and enhancing responses to questions requiring additional knowledge. The company is also looking to deploy a scalable multi-agent framework harnessing NVIDIA Agent Toolkit, including NVIDIA Nemotron, to route tasks to the best models and drive accurate, efficient and autonomous enterprise workflows.

Hitachi is developing physical AI technologies to address real-world operational challenges by using NVIDIA Nemotron and NVIDIA Cosmos™ open models, along with its proprietary information technology (IT) and operational technology (OT) domain knowledge. As part of a multi-agent orchestration platform, these technologies are designed to connect and coordinate IT and OT operations, helping transform enterprise-scale business processes across complex workflows.

Sakana AI is collaborating with NVIDIA to integrate NVIDIA Nemotron into its Fugu model-orchestration platform, expanding the range of AI models Fugu can intelligently orchestrate to dynamically select the best model for each task in agentic AI workflows. By routing each request to the model best suited for the job, Fugu helps developers balance accuracy, performance and cost across multiple open and proprietary AI models. Fugu demonstrates how thoughtful orchestration can unlock capabilities beyond what an individual model achieves on its own. Early performance results on complex, real-world coding tasks reinforce the promise of coordination as a path to more capable AI.

Open and Customizable, Deployable Anywhere

Nemotron models are released with open weights, datasets and recipes, giving organizations the transparency and control to customize models for domain-specific workflows and deploy them where their applications and data reside.

Developers can use NVIDIA NeMo to customize, evaluate and optimize models for their use cases, and deploy them in environments that meet regulatory, sovereignty and data localization requirements.

Nemotron models are available on Hugging Face, ModelScope, OpenRouter and build.nvidia.com as NVIDIA NIM™ microservices, and through NVIDIA Cloud Partners, inference platforms and cloud service providers.

About NVIDIA


NVIDIA
 (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

For further information, contact:

Natalie Hereth
Corporate Communications
NVIDIA Corporation
[email protected]

Certain statements in this press release including, but not limited to, statements as to: Together with Japan’s AI leaders, NVIDIA advancing an open AI ecosystem that accelerates discovery, strengthens national capability and ensures every society can participate in — and benefit from — the AI revolution; expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

© 2026 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, Nemotron, NVIDIA Cosmos, NVIDIA HGX, NVIDIA Jetson, NVIDIA NeMo and NVIDIA NeMo Retriever are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/11dc96e1-0143-4627-8503-c33b1345d070



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U-Haul Offers 30 Days Free Storage, Trailer Discounts to Wildfire Evacuees

U-Haul Offers 30 Days Free Storage, Trailer Discounts to Wildfire Evacuees

BRAINERD, Minn.–(BUSINESS WIRE)–
U-Haul® is offering 30 days of free self-storage and U-Box® container use to residents of northern Minnesota and northwestern Wisconsin displaced by wildfires across the region, including multiple fires in the Boundary Waters Canoe Area Wilderness (BWCAW).

U-Haul is also providing discounted trailer rates for residents evacuating the affected areas.

At least 20 wildfires are burning in and around the Superior National Forest, with several inside the BWCAW. Hazardous smoke has triggered air quality alerts across much of the state. Impacted communities include Bemidji, Brainerd, Duluth, Ely, Hermantown, Hibbing, International Falls, and Superior, Wis.

Access to self-storage units and portable storage containers is vital to communities when disasters strike. U-Haul is ready to help anyone impacted by the wildfires who needs a secure storage solution at no cost for one month.

The 30 days free offer applies to new self-storage and U-Box rentals and is based on availability. The U-Box offer is for on-site storage at Company facilities; delivery is available for a modest fee.

Evacuees needing a trailer discount should contact the U-Haul Company of Northern Minnesota at (763) 780-4487.

Please reference the list below for the storage locations offering the U-Haul disaster relief program. Stop by any participating facility or call the nearest location to arrange free storage.

U-Haul Storage Baxter South

6897 Foley Road

Baxter, MN 56425

(218) 297-3021

U-Haul Storage North Baxter

15237 Edgewood Dr.

Baxter, MN 56401

(218) 297-3018

U-Haul Moving & Storage of Brainerd

16707 State Hwy. 371

Brainerd, MN 56401

(218) 829-1767

U-Haul Storage of Nisswa

4745 County Road 77

Nisswa, MN 56468

(218) 963-5106

U-Haul Moving & Storage of Duluth(U-Box only)

4723 Miller Trunk Hwy.

Hermantown, MN 55811

(218) 722-5562

U-Haul Moving & Storage of Superior(U-Box only)

3015 Tower Ave.

Superior, WI 54880

(715) 392-2903

In addition to its 30 days free self-storage disaster relief program, U-Haul is proud to be at the forefront of aiding communities in times of need as an official American Red Cross Disaster Responder.

For customers needing storage beyond the free period, the U-Haul 1-Year Price Lock is now available at 2,100 Company-owned facilities across the U.S. and Canada. Fixed-rate storage ensures at least 12 months with no price increase on your rental unit, and U-Haul never charges admin fees or deposits. Learn more at uhaul.com/Storage/1-Year-Price-Lock.

About U-HAUL

Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 24,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers’ patronage has enabled the U-Haul fleet to grow to approximately 204,800 trucks, 136,600 trailers and 42,000 towing devices. U-Haul, which offers rate transparency to self-storage customers through its 1-Year Price Lock, is the third largest storage operator in North America with 1,136,000 rentable storage units and 99 million square feet of self-storage space at owned and managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play.

Dillon Rosenblatt

E-mail: [email protected]

Phone: 602-263-6194

Website: uhaul.com

KEYWORDS: United States North America Wisconsin Minnesota

INDUSTRY KEYWORDS: Retail Natural Disasters Automotive Other Construction & Property Trucking Commercial Building & Real Estate Construction & Property Other Philanthropy Philanthropy Transport Environment Other Retail Specialty Other Automotive

MEDIA:

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Verra Mobility Corporation (NASDAQ: VRRM) Faces Securities Class Action Following CEO Resignation and $1.4 Billion Shareholder Loss — HBSS

SAN FRANCISCO, July 15, 2026 (GLOBE NEWSWIRE) — Hagens Berman (HBSS), a securities litigation leader, is broadening its investigation into Verra Mobility Corp. (NASDAQ: VRRM) following the company’s disclosure of an abrupt leadership transition.  The news comes in the wake of a securities action suit stemming from the catastrophic loss of a major contract.


VRRM Investors Submit Your Losses Now to HBSS

Class Period: Feb. 24, 2026 – May 26, 2026
Lead Plaintiff Deadline: Aug. 4, 2026
Visit:www.hbsslaw.com/investor-fraud/vrrm
Contact the Firm Now:
[email protected]
844-916-0895

Leadership Vacuum

On June 1, 2026, Verra Mobility announced that long-time CEO David Roberts has abruptly stepped down, ending a 12-year tenure. This departure follows a volatile period for the company, initiated by the unexpected termination of a key contract with Avis Budget Group—a move that wiped out approximately $1.4 billion in shareholder value.

The Board of Directors has appointed former Chief Transformation and Legal Officer Jon Keyser as interim President and CEO while retaining a global search firm for a permanent replacement. Hagens Berman is investigating whether the departure is causally related to the allegations in the securities class action suit.

Verra Mobility Corporation (VRRM) Securities Class Action:

The complaint alleges Verra made false and misleading statements and did not disclose important information to investors about the true state of the Verra/Avis relationship and the likelihood of Verra receiving an Avis contract renewal.

The truth allegedly emerged on May 26, 2026, when Verra disclosed that it received a termination notice effective September 2026 from Avis regarding the companies’ contract, that it is taking immediate actions to cut costs, adapt operations, and reposition its business, and revised its 2026 outlook that significantly deviated from that given just twenty days prior.

Verra also revealed that it was reviewing the parties’ negotiations and handling of confidential information.

The news promptly sent the price of Verra shares 70% crashing lower on May 27, 2026, amputating $1.4 billion from the company’s market capitalization in a single day.

View our latest video summary of the allegations: youtu.be/FVEw5XACoGA

“Our investigation is focused on the extent to which and when Verra and its executives knew that renegotiations with Avis were far from constructive, as the May 26 surprise reveals,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

If you invested in Verra and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now.

If you’d like more information and answers to other frequently asked questions about the Verra case and the firm’s investigation, read more.

Whistleblowers: Persons with non-public information regarding Verra should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman

Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

Contact: 
Reed Kathrein, 844-916-0895



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Embecta Corp. (EMBC) Faces Securities Class Action Over Alleged Concealed Material Risks to Pen Needle Revenue– HBSS

SAN FRANCISCO, July 15, 2026 (GLOBE NEWSWIRE) — Embecta Corp. (NASDAQ: EMBC) faces a securities class action lawsuit, which seeks to represent investors who purchased or acquired Embecta common stock between November 25, 2025 and May 4, 2026. The lawsuit follows the company’s disastrous Q2 2026 earnings report, apparently at odds with prior narrative, which triggered a massive selloff in the stock and analysts’ questions.

These developments have prompted national shareholder rights firm Hagens Berman to open an investigation into claims that Embecta violated the federal securities laws.

The firm encourages Embecta investors who suffered substantial losses to submit your losses now.

Class Period: Nov. 25, 2025 – May 4, 2026
Lead Plaintiff Deadline: Aug. 17, 2026
Visit:www.hbsslaw.com/investor-fraud/embc
Contact the Firm Now:
[email protected]
844-916-0895

Embecta Corp. (EMBC) Securities Class Action:

Embecta is a global medical device company whose core business product is pen needles – sterile, single-use, medical devices, designed to be used in conjunction with pen injectors that inject insulin or other diabetes medications. In the past, pen needle revenues have comprised over 70% of the company’s total revenues.

The litigation’s primary focus is on the propriety of Embecta’s Class Period repeated assurances that “insulin pens have been stable […] showing the underlying resilience and the durability of that portfolio[]” and “our pen needle business is incredibly resolute.” This narrative formed the basis for the company’s February 5, 2026 guidance reiterating 2026 adjusted EPS of $2.80 – $3.00.  The company also touted maintenance of its dividend within its capital allocation plans as a return of capital to shareholders.

The complaint alleges the company’s assurances and guidance were misleading when given because Embecta knew or recklessly disregarded that weaknesses in the pen needle market was likely to significantly disrupt the company’s annual guidance and Q2 results.

On May 5, 2026, investors’ expectations vanished. That day, Embecta reported Q2 2026 adjusted EPS of $0.27, a staggering sequential and year-over-year decline of about 61%. In contrast to the company’s assurances of stability, resilience, and durability, Embecta’s pen needles revenues also suffered massive sequential and year-over-year declines. Of additional concern, Embecta slashed its 2026 adjusted EPS guidance to $1.55 – $1.75, or down roughly 43% at the mid-point, and reduced its dividend by 93% to just $0.01.

In response, the market sent the price of Embecta shares tumbling, with one prominent analyst who downgraded the company highlighting Embecta management’s “need to rebuild investor credibility on commercial execution and the profitability outlook.”

“Our investigation is focused the extent to which and when Embecta and its management knew about pen needle and U.S. business revenue headwinds, and whether they were sufficiently transparent about those risks,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

If you invested in Embecta and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to other frequently asked questions about the Embecta case and the firm’s investigation, read more »

Whistleblowers: Persons with non-public information regarding Embecta should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman

Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

Contact: 
Reed Kathrein, 844-916-0895



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Five Star Bank adds four key hires in Palo Alto to support  San Francisco Bay Area expansion

Community bank deepens Silicon Valley presence as new team brings decades of experience and extensive local business relationships

SAN FRANCISCO, July 15, 2026 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, today announced the addition of four experienced bankers with deep client relationships in the Palo Alto area.

Known as the birthplace of Silicon Valley, Palo Alto remains a global hub for technology, venture capital, and entrepreneurship, and maintains a dense concentration of the region’s most active VC firms. Silicon Valley attracted $92 billion in venture capital last year, according to Joint Venture Silicon Valley’s 2026 Silicon Valley Index. This density of capital and high-growth companies makes Palo Alto one of the most competitive banking markets, and one where Five Star Bank’s high-tech, high-touch, relationship-driven approach to banking is a key differentiator.

Five Star Bank strategically recruited local banking professionals in Palo Alto who understand the unique needs of the market they serve and call home. Working at the center of the innovation and commercial business ecosystem, Five Star Bank intends to partner with entrepreneurs, venture and fund managers, real estate operators, and the attorneys and finance leaders who support their growth.

“We’re not starting from scratch in Palo Alto. Our new team has spent years curating trusted relationships with VC firms and venture-backed companies,” said DJ Kurtze, Five Star Bank’s Executive Vice President / San Francisco Bay Area Region President. “Thanks to the team’s local market knowledge, we believe we can deliver immediate value and bring the high-touch, concierge service that distinguishes Five Star Bank.”

Key hires include:

  • Derrick Yee joins as Senior Vice President / Managing Director. Over his 20 years of experience in private banking and wealth management, Yee has served entrepreneurs, venture-backed startups, and VC firms. He most recently served as Senior Vice President / Group Director at Flagstar Private Bank, where he led strategic partnerships and initiatives supporting entrepreneurs, startups, and VC firms. Prior to this, he was a Managing Director at First Republic Bank.

  • Andrew Liou joins as Senior Vice President / Managing Director. He brings more than 15 years of private banking experience, along with a unique background as a former small business owner and entrepreneur. Prior to Five Star Bank, Liou served as Senior Vice President / Group Director at Flagstar Private Bank, where he helped build its private banking team focused on startup founders, venture-backed executives, and VC funds. Prior to this, he was a Managing Director with First Republic Bank.

  • Andrew Holtz joins Five Star Bank as Senior Vice President / Managing Director. He has more than 20 years of banking experience serving clients throughout the Bay Area. Holtz served as Senior Vice President / Group Director at Flagstar Private Bank, leading client acquisition and relationship management efforts for emerging funds and technology startups. Prior to this, he was a Senior Relationship Manager with First Republic Bank.

  • Jonathan Tombo joins Five Star Bank as Vice President / Senior Relationship Manager. He has more than 10 years of banking experience, specializing in customized banking, treasury, and cash management solutions for private equity, VC, and startup ecosystems. At Flagstar Private Bank, Tombo served as Relationship Manager, where he was part of the inaugural Palo Alto team responsible for building the bank’s presence in Northern California. In this role, he supported the operational, treasury, and banking needs of private equity, VC, and startup clients. Prior to this, he was a Preferred Banker with First Republic Bank.

“No one knows Palo Alto and its business community better than the people who are part of it every day,” said James Beckwith, President and CEO of Five Star Bank. “These new hires deepen our ability to serve our existing Bay Area clients while expanding our presence in one of the country’s most influential business markets.”

The Palo Alto team follows a string of expansions for Five Star Bank over the past year. Recent expansions to Lodi, Southern California, and Walnut Creek have solidified its growing footprint across the Golden State.

About Five Star Bancorp

Five Star is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. The Bank has ten branches in California, following the opening of a branch in Lodi in July 2026. For more information, visit https://www.fivestarbank.com.


Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company’s beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phrases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Company’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company’s control) and are subject to risks and uncertainties, which change over time, and other factors, which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Company’s forward-looking information and statements proves incorrect, then the Company’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Company’s forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and Quarterly Report on Form 10-Q for the three months ended March 31, 2026, in each case under the section entitled “Risk Factors,” and other documents filed by the Company with the Securities and Exchange Commission from time to time.

The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.

Investor Contact:         
Heather C. Luck, Chief Financial Officer
Five Star Bancorp
(916) 626-5008
[email protected]

Media Contact:

Shelley R. Wetton, Chief Marketing Officer
Five Star Bancorp
(916) 284-7827
[email protected]



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Cadence Introduces AuraStack AI Super Agent, the World’s First Agentic AI Platform for PCB and Advanced Packaging

Cadence Introduces AuraStack AI Super Agent, the World’s First Agentic AI Platform for PCB and Advanced Packaging

Running on Allegro AI Studio, the AuraStack AI Super Agent delivers up to 2X faster time to market, 15X higher productivity and multiphysics-driven quality across the industry’s only silicon-to-system agentic AI stack

SAN JOSE, Calif.–(BUSINESS WIRE)–
Cadence (Nasdaq: CDNS) today introduced the AuraStack™ AI Super Agent on Cadence® Allegro® AI Studio, the world’s first agentic AI platform for printed circuit board (PCB) and advanced packaging design, taking designers from system planning to final product in a single AI-native environment. The Cadence AuraStack AI Super Agent, accelerated by NVIDIA Blackwell and NVIDIA CUDA-X, coordinates domain-specific AI agents across planning, implementation and tightly integrated multiphysics analysis domains to compress the system-design cycle through manufacturing. With the AuraStack AI Super Agent, Cadence is now the only provider with agentic AI solutions spanning the full electronic system design flow, from digital and analog silicon design, advanced packaging, through to PCB design, building on its ChipStack™, InnoStack™ and ViraStack™ AI Super Agents.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260715175854/en/

With the AuraStack AI Super Agent, Cadence is now the only provider with agentic AI solutions spanning the full electronic system design flow, from digital and analog silicon design, advanced packaging, through to PCB design, building on its ChipStack™, InnoStack™ and ViraStack™ AI Super Agents.

With the AuraStack AI Super Agent, Cadence is now the only provider with agentic AI solutions spanning the full electronic system design flow, from digital and analog silicon design, advanced packaging, through to PCB design, building on its ChipStack™, InnoStack™ and ViraStack™ AI Super Agents.

“The next era of AI infrastructure—spanning data centers, automotive, aerospace and physical AI—will be defined not only by silicon, but by the systems that connect, power and cool it,” said Michael Jackson, corporate vice president of R&D for System Design and Analysis at Cadence. “As hyperscale data centers deploy massive AI clusters and other industries advance increasingly intelligent, high-performance systems, engineering teams face growing complexity in PCB and advanced package design. Agentic AI orchestration, combined with trusted EDA and SDA tools, enables customers to move from manual iteration to intelligent, automated design realization.”

Agentic AI for Packaging and PCB Design

Building on the same architecture as Cadence’s ChipStack AI Super Agent, agentic AI is combined with principled simulation and optimization tools, leveraging a mental model of the design intent, to automate and orchestrate the design exploration, realization and signoff. The AuraStack AI Super Agent brings together automation and optimization for system planning, constraints management, physical structure definition, IP creation and reuse, place and route, design for manufacturability and multiphysics analysis across Cadence’s system design and analysis portfolio. It introduces a unified, AI-driven multiphysics foundation that concurrently models and optimizes electrical, thermal and mechanical behavior—including SI/PI, thermal, mechanical stress, drop, vibration and fatigue analysis—within a closed-loop environment, enabling earlier tradeoff evaluation and product-level optimization across the entire design flow. This continuous multiphysics feedback loop enables real-time design convergence, reducing late-stage surprises and improving overall system reliability.

The AuraStack AI Super Agent’s key benefits include:

  • Accelerating time to market by 2X, with 15X productivity and multiphysics-driven quality—automating complex tasks, expanding design exploration.
  • Unifying separate engineering teams around a shared, multiphysics-aware design environment with a single source of truth across domains.
  • Advancing early and continuous multiphysics co-optimization to reduce late-stage rework and costly design iterations. Unifies Cadence multiphysics signoff solutions, such as Celsius™ Thermal Solver, Clarity™ 3D Solver for 3D-EM, MSC Nastran™ and Marc™ Linear and Non-Linear Finite Element Analysis Solvers for mechanical analysis, and Sigrity™ X Platform for signal and power integrity.
  • Limiting expensive respins by identifying system issues earlier in development.
  • Enabling product-level optimization, including co-optimization with advanced packaging approaches.

Industry Leaders Advancing Agentic AI with Cadence

Cadence is collaborating with industry leaders to deploy AuraStack AI Super Agent workflows for real-world advanced IC packaging and PCB design challenges.

NVIDIA is using Cadence to help automate and optimize increasingly complex system design workflows for its engineering teams.

“The scale and complexity of modern AI infrastructure demands a new design approach,” said Tim Costa, vice president and general manager of computational engineering at NVIDIA. “NVIDIA’s collaboration with Cadence is advancing AI-powered engineering workflows that accelerate design convergence and innovation across the industry. The Cadence AuraStack AI Super Agent and the Millennium M2000 Supercomputer deliver up to 20X faster multiphysics performance, giving our engineers the capability to tackle the most demanding design challenges and bring the next generation of AI infrastructure to life.”

Cadence is partnering with TSMC to help customers accelerate advanced package implementation through AI-driven automation, enabling timely design convergence for increasingly complex multi-die systems.

“As advanced packaging complexity grows, customers need new levels of automation to achieve timely design convergence,” said Aveek Sarkar, director of the Ecosystem and Alliance Management Division at TSMC. “Our long-standing partnership with Open Innovation Platform® (OIP) ecosystem partners like Cadence to deliver advanced package design and verification solutions for TSMC 3DFabric® technologies helps customers accelerate the realization of next-generation multi-die systems for AI and high-performance computing applications. Through our multi-year collaboration on substrate auto routing, we are already enabling customers to boost productivity by 100X while delivering quality of results similar to manual routing.”

Socionext is leveraging Cadence to accelerate the automation and optimization of increasingly complex semiconductor package and PCB design workflows.

“AI-driven agents are set to transform IC package and PCB design by automating SI, PI and thermal workflows and enabling generative design,” said Iwasaki Toshifumi, lead design execution leading unit, Global Leading Group at Socionext Inc. “This acceleration allows our engineers to focus on higher-value work like architecture exploration, margin optimization, and multiphysics tradeoffs, while capabilities such as automated routing and chip-package-board co-design accelerate convergence and reduce manual effort.”

FORVIA HELLA continues to advance intelligent, sustainable mobility solutions that will define the future of automotive technology.

“Working closely with Cadence has fundamentally changed the way FORVIA HELLA develops advanced automotive electronics. Using AI-assisted placement technology, a task involving the placement of 300 components that previously took up to four days can now be completed in just four minutes,” said Sven Hoenecke, president & CEO, Electronics NSA at FORVIA HELLA. “This step change in productivity allows our engineers to evaluate more design alternatives, optimize layouts earlier in the development process, and accelerate the development of innovative products without compromising quality. By automating repetitive work, our teams can focus more time on solving complex engineering challenges and bringing new technologies to market faster.”

Schneider Electric is collaborating with Cadence to apply AI-driven design automation and engineering expertise to accelerate electronic design workflows and scale institutional knowledge across engineering teams.

“At Schneider Electric, we see AI as much more than a productivity tool. Our collaboration with Cadence has demonstrated the potential of AI to accelerate design activities and improve engineer efficiency,” said Daniel Gheno, senior vice president,Innovation and Technology EM at Schneider Electric. “The next frontier is to combine design automation with engineering expertise, enabling companies to capture decades of know-how and make robust design decisions available to every engineer. We believe this is where AI can truly transform electronic design.”

Availability

The Cadence AuraStack AI Super Agent will be available in 2026. For more information, visit http://www.cadence.com/go/aurastack.

About Cadence

Cadence is a market leader in AI and digital twins, pioneering the application of computational software to accelerate innovation in the engineering design of silicon to systems. Our design solutions, based on Cadence’s Intelligent System Design™ strategy, are essential for the world’s leading semiconductor and systems companies to build their next-generation products from chips to full electromechanical systems that serve a wide range of markets, including hyperscale computing, mobile communications, automotive, aerospace, industrial, life sciences and robotics. In 2025, Cadence was recognized by Fortune as one of the world’s top 100 best companies to work for. Cadence solutions offer limitless opportunities.

© 2026 Cadence Design Systems, Inc. Cadence, the Cadence logo, and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

Forward-Looking Statements

Statements in this release (or statements made by Cadence elsewhere that are referenced in this release) that refer to plans or expectations are forward-looking statements. These statements are based on management’s expectations as of the date hereof and involve many risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in such statements. For more information on the factors that could cause actual results to differ materially, please refer to the filings we make with the U.S. Securities and Exchange Commission, including our most recent report on Form 10-K, subsequent reports on Form 10-Q and other future filings. Except as required by law, we disclaim any obligation to update these forward-looking statements to reflect future events or circumstances.

Category: Featured

For more information, please contact:

Cadence Newsroom

408-944-7039

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Electronic Design Automation Semiconductor Data Management Technology Software Artificial Intelligence

MEDIA:

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With the AuraStack AI Super Agent, Cadence is now the only provider with agentic AI solutions spanning the full electronic system design flow, from digital and analog silicon design, advanced packaging, through to PCB design, building on its ChipStack™, InnoStack™ and ViraStack™ AI Super Agents.
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