Posts

Posted on

Comcast’s Universal Ads Launches $5 Million Fund to Help E-Commerce Merchants Grow Their Businesses with TV Advertising

Comcast’s Universal Ads Launches $5 Million Fund to Help E-Commerce Merchants Grow Their Businesses with TV Advertising

The new Universal Ads Incrementality Fund gives brands a simple way to reach new, scaled audiences across the TV landscape.

NEW YORK–(BUSINESS WIRE)–
Today Universal Ads, which enables brands of any size to seamlessly create, buy, and measure ads across premium video, announced the Incrementality Fund— a new $5 million fund that provides resources to help e-commerce businesses drive incremental sales through TV advertising. For qualified merchants, the fund may provide up to $50,000 in ad credits and services, including help with ad creative production and incrementality measurement solutions. At launch, the Incrementality Fund is only available to Shopify Plus merchants but will expand to other businesses over time.

“We know that TV advertising not only offers brands the scale they’re used to with social ads, but it can drive tangible results,” said James Borow, Vice President of Product and Engineering at Universal Ads. “With Universal Ads’ new Incrementality Fund, we want to show brands new to this space that TV ads work—and that the last dollar spent on social performs better when it’s supported by the first dollar spent on TV.”

Launched in January, Universal Ads is a self-service premium video advertising platform built to be as simple and performant as social media advertising. By breaking down barriers to TV advertising, including creative and cost, Universal Ads is opening up this valuable medium to digitally native, direct-to-consumer, and growth-stage brands who previously had no easy point of entry.

“Shopify Plus merchants are some of the most sophisticated marketers on the planet, but advertising on TV has always been overwhelming to most of them,” said Maurice Rahmey, CEO of Disruptive Digital. “With the Incrementality Fund, Universal Ads is making getting started with TV advertising as easy as social and helping to demonstrate the sales lift that TV can bring to them.”

With Universal Ads, brands can reach qualified audiences alongside premium content from more than 15 major publishers including A+E, AMC Networks, DIRECTV, Estrella MediaCo, Fox Corporation, Fuse Media, LG Ad Solutions, NBCUniversal, Paramount, Roku, Scripps, Spectrum Reach, TelevisaUnivision, Vizio, Warner Bros. Discovery, and Xumo, with more to come.

The Incrementality Fund is the latest initiative from Universal Ads. Earlier this year, Universal Ads partnered with Ramp, a financial operations platform designed to save businesses time and money, to offer TV advertising access to Ramp’s 30,000+ customers through the Universal Ads platform. In addition, to demonstrate the ability of TV to deliver on a variety of business goals, Universal Ads has partnered with Measured, a pioneer and leader in incrementality-based measurement and optimization. And, more strategic partnerships are on the horizon as Universal Ads works to open premium video advertising to more advertisers and opportunities.

For more information on the Incrementality Fund, please visit IncrementalityFund.com.

About Universal Ads

Universal Ads enables any brand, of any size, to seamlessly make and buy commercials across premium video reaching new qualified audiences at scale. Universal Ads combines premium and brand-safe video content directly from the most influential media companies with the ease and familiarity of social ad buying. It is your one-stop shop for high-quality video ads delivering unmatched scale. Universal Ads is a part of the Comcast Corporation, a global media and technology company that connects people to moments and experiences that matter.

Media Contact:

Emily C. Miller

Comcast Advertising – Universal Ads

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Software Audio/Video TV and Radio Marketing Advertising Communications Technology Entertainment

MEDIA:

Logo
Logo
Posted on

Deluxe Merchant Services and MyKidReports Partner to Embed Payment Solutions for Nonprofit Child Care Centers

Deluxe Merchant Services and MyKidReports Partner to Embed Payment Solutions for Nonprofit Child Care Centers

MINNEAPOLIS–(BUSINESS WIRE)–
Deluxe (NYSE: DLX), a trusted Payments and Data company, today announced a strategic partnership with MyKidReports, a leading provider of childcare management software. This collaboration will integrate the secure payment processing capabilities of Deluxe into the MyKidReports platform, enabling childcare centers—particularly those in the nonprofit sector—to streamline tuition and fee collection.

Through this integration, childcare providers will be able to seamlessly manage billing and accept payments directly within the MyKidReports interface, improving operational efficiency and enhancing the parent experience.

“We’re proud to deliver payment technology that integrates fully and seamlessly into platforms our communities already trust,” said Brian Mahony, President, Merchant Services at Deluxe. “This collaboration with MyKidReports reflects our broader commitment to reducing complexity and helping mission-driven organizations run more efficiently.”

MyKidReports offers a comprehensive, user-friendly solution that simplifies childcare operations. By embedding the payment functionality of Deluxe into its platform, MyKidReports enhances its ability to serve nonprofit centers with integrated financial tools tailored to their needs.

“At MyKidReports, our mission is to empower childcare providers with tools that streamline operations so they can focus on what truly matters—children,” said Sandeep Bajaj, Founder and CEO of MyKidReports. “This partnership with Deluxe brings powerful, seamless payment processing to our platform at a critical time for nonprofit growth.”

The integrated solution is now available to MyKidReports users and includes automated billing, secure transaction processing, and simplified payment acceptance.

About Deluxe Corporation

Deluxe, a trusted Payments and Data company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions and hundreds of the world’s largest consumer brands, while processing more than $2 trillion in annual payment volume. Our reach, scale and distribution channels position Deluxe to be our customers’ most trusted business partner. To learn how we can help your business, visit us at www.deluxe.com.

Brian Anderson, VP, Strategy & Investor Relations

651-447-4197

[email protected]

Keith Negrin, VP, Communications

612-669-1459

[email protected]

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Children Data Management Technology Professional Services Payments Small Business Software Family Other Professional Services Consumer Parenting

MEDIA:

Posted on

WeRide Accelerates Robotaxi Mass Commercialization with 8 Autonomous 24/7 Routes in Central Guangzhou

GUANGZHOU, China, May 14, 2025 (GLOBE NEWSWIRE) — WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, has introduced eight autonomous Robotaxi pilot operation routes in central Guangzhou, establishing China’s first 24-hour autonomous ride-hailing network covering the core areas of a Tier 1 city. This marks a significant step toward the large-scale commercialization of WeRide’s Robotaxi services.

The new 24-hour Robotaxi network covers key landmarks in Guangzhou including the Canton Tower, the Canton Fair Complex, Garden Hotel, and Zhujiang New Town, as well as national transportation hubs like Guangzhou Baiyun International Airport and Guangzhou South Railway Station. Spanning the city’s busiest and most densely populated areas in Guangzhou, the network highlights WeRide’s best-in-class autonomous driving technology, along with its commitment to operational safety, stability, and reliability.

To experience a Robotaxi ride, users can download the WeRide Go app and select “Book a ride” → “Airport/Rail Transfers” to schedule their trip. The service operates 24 hours a day, with next-day rides (after 12pm) available for booking from 6pm the previous evening.

The launch of 24/7 full-day, all-weather autonomous operations in the heart of Guangzhou highlights WeRide’s years of development and technological refinement. As one of the first autonomous driving companies to launch Robotaxi operations on public roads, WeRide introduced China’s first paid autonomous ride-hailing service in Guangzhou in 2019. Since then, it has expanded Robotaxi operations to eight cities across China, the UAE, and Switzerland, serving core urban areas, major transport hubs, and residential communities. With over 2,000 days of public operations and a flawless safety record with no active safety incidents, WeRide continues to set the standard for safe, reliable autonomous driving.

From R&D to commercial deployment, WeRide has demonstrated its signature “WeRide Speed”. On February 24, 2025 — just four months after launching its next-generation production Robotaxi model GXR — the company received approval to conduct commercial Robotaxi ride-hailing services in Beijing, covering key areas of the Beijing Economic-Technological Development Area, as well as major high-speed rail stations.

“WeRide Speed” also extends to its international Robotaxi expansion. In September 2024, WeRide formed a strategic partnership with Uber, the world’s largest mobility and delivery platform. By December 2024, the first Robotaxi fleet was deployed in Abu Dhabi, becoming the largest public commercial Robotaxi fleet outside the US and China. This April, the partnership quickly expanded to Dubai, where WeRide’s Robotaxi will be available on Uber’s platform soon. In May, WeRide and Uber announced an expanded partnership to launch Robotaxi fleets in 15 more cities over the next five years, including key markets in Europe.

The launch of Guangzhou’s 24-hour Robotaxi operation network in its core urban areas marks a significant milestone in WeRide’s global Robotaxi commercialization strategy. Moving forward, the company will continue enhancing its technology and services to deliver safer, more efficient, and more convenient transportation solutions for users.

About WeRide

WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. The company operates in over 30 cities across 10 countries, holding driverless permits in China, the UAE, Singapore, France and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services that address a vast array of transportation needs across a diverse range of urban use cases across mobility, logistics, and sanitation. WeRide was named in Fortune Magazine’s 2024 “The Future 50” list.

Press Enquiries:

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dbfc6258-dffc-47de-87fc-dea975ffb0a7



Posted on

Avis Budget Group Announces Intention to Offer $500 Million of Senior Notes

PARSIPPANY, N.J., May 14, 2025 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. (together, the “Issuers”), intend, subject to market and other customary conditions, to offer $500 million aggregate principal amount of senior notes due 2032 (the “Notes”) in a private offering. The Notes will be guaranteed on a senior unsecured basis by Avis Budget Group, Inc. and certain of its U.S. subsidiaries.

The Company intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include repayment of indebtedness, including, without limitation, repayment of the Company’s floating rate term loan A maturing in December 2025 and a portion of its outstanding fleet debt, and to pay fees and expenses in connection therewith.

The Notes and related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or, outside the United States, to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities. Any offers of the Notes will be made only by means of a private offering memorandum.

About Avis Budget Group

We are a leading global provider of mobility solutions, both through our Avis and Budget brands, which have approximately 10,250 rental locations in approximately 180 countries around the world, and through our Zipcar brand, which is the world’s leading car sharing network. We operate most of our car rental offices in North America, Europe and Australasia directly, and operate primarily through licensees in other parts of the world. We are headquartered in Parsippany, N.J.

Forward-Looking Statements

Statements regarding the Notes offering and the expected use of proceeds therefrom are “forward-looking statements” and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed in such forward-looking statements. These risks and uncertainties include, but are not limited to, the ability to complete the offering on favorable terms, if at all, and general market conditions which might affect the offering. Additional information concerning these and other important risks and uncertainties can be found in the Company’s filings with the SEC, including under the captions “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025. The Company undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances.

Investor Relations Contact: Media Relations Contact:
David Calabria, [email protected] Media Relations Team, [email protected]



Posted on

Jacobs Appointed Integrated Delivery Partner for Marinus Link

PR Newswire

Interconnector project will accelerate Australia’s renewable energy economy

Supports reliable transmission of electricity and telecommunications between Tasmania and Victoria


DALLAS
, May 14, 2025 /PRNewswire/ — Jacobs (NYSE: J) was selected as the Integrated Delivery Partner for Marinus Link, an approximately 214 mile (345-kilometer) undersea and underground high-voltage direct current (HVDC) electricity and data interconnector designed to bolster energy security, promote renewable energy investment and deliver tangible benefits to consumers in Tasmania, Victoria and the broader National Electricity Market.

Marinus Link’s 1500-megawatt capacity is equal to the power supply for 1.5 million Australian homes. As the Integrated Delivery Partner, Jacobs will oversee the establishment and ongoing delivery of the first 750-megawatt stage, managing technical engineering and construction packages while implementing governance structures necessary for the high-voltage direct current cable and supporting substation infrastructure.

“Nations worldwide need reliable, affordable and low emission energy solutions,” said Jacobs President of Global Operations Patrick Hill. “Jacobs, together with Marinus Link, will deliver a step-change to the Australian east coast electricity grid – increasing access to low carbon energy sources in Tasmania to support the nation’s decarbonization targets. This Integrated Delivery Partnership will allow Jacobs to mobilize global experience in capital project execution, utility infrastructure enhancement, and future energy demand planning to assure delivery for this critical asset.”

“Our collaboration with Jacobs is pivotal to the successful delivery of this critical national energy infrastructure,” said Marinus Link CEO Designate, Stephanie McGregor. “Marinus Link is listed as a priority for decarbonization on the Australian Government’s National Renewable Energy Priority List and is classified as urgent in the Australian Energy Market Operator’s optimal plan for the national grid.”

Marinus Link aims to strengthen energy security and affordability by delivering low-cost renewable power, expanding and strengthening transmission and fiber capacity, and driving investment in clean energy industries. It is expected to create 3,300 jobs and generate $3.9 billion in economic growth, supporting business and a resilient National Electricity Market.

Around the globe, Jacobs is advancing global energy infrastructure, shaping resilient and secure systems to form the backbone of thriving communities and economies. Projects include Suedlink in Europe, one of the world’s largest underground high voltage power cables; as program manager and owners engineer for Xcel Energy’s multi-billion-dollar transmission and distribution reliability program in the U.S.; and MTerra Solar in the Philippines, poised to become one of the world’s largest solar farms.

At Jacobs, we’re challenging today to reinvent tomorrow – delivering outcomes and solutions for the world’s most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we’re creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook. 

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as “expects,” “anticipates,” “believes,” “seeks,” “estimates,” “plans,” “intends,” “future,” “will,” “would,” “could,” “can,” “may,” and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
[email protected]  

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/jacobs-appointed-integrated-delivery-partner-for-marinus-link-302455090.html

SOURCE Jacobs

Posted on

Arabsat selects Telesat Lightspeed Low Earth Orbit (LEO) services for its multi-orbit connectivity portfolio

DUBAI, United Arab Emirates, May 14, 2025 (GLOBE NEWSWIRE) — Telesat (NASDAQ and TSX: TSAT), one of the world’s largest and most innovative satellite operators, and Arab Satellite Communications Organization (Arabsat), the top satellite service provider in the Arab world, today announced the companies have successfully negotiated and signed a Term Sheet for a multi-Gbps capacity pool of Telesat Lightspeed connectivity services. The companies executed the agreement today during a signing ceremony at the CABSAT 2025 event in Dubai.

Building on the Memorandum of Understanding (MoU) signed in 2024, this agreement establishes the negotiated framework for Arabsat’s integration of Telesat Lightspeed LEO services, backed by Committed Information Rates (CIRs) and Service Level Agreements (SLAs), into its multi-orbit satellite ecosystem, ensuring robust and seamless broadband connectivity solutions tailored for enterprise, telecom, government, and mobility sectors. The parties expect to conclude definitive agreements by December 2025.

“This agreement with Telesat marks a major milestone in Arabsat’s multi-orbit strategy and the advanced Telesat Lightspeed network will offer innovative capabilities to our customers in each of the markets we serve,” said President and CEO Alhamedi Alanezi. “By offering LEO and GEO service, as well as blended combinations, we are laying the foundation for a new era of connectivity. Multi-orbit satellite systems and terminals will position the Arabsat Group at the forefront of digital transformation—delivering faster, more reliable, and cost-effective connectivity tailored to the distinct performance needs of each industry.”

“We’re excited to achieve this important milestone in our strategic partnership with Arabsat, a premier satellite operator, which will bring innovative connectivity advancements to their customers across the Middle East, Africa, Europe and Central Asia,” stated Dan Goldberg, Telesat’s President and CEO. “In addition to the inherent security and reliability features of Telesat Lightspeed, Arabsat will have unprecedented flexibility to design, manage and control services to their customers, through Telesat’s interoperable lifecycle orchestration systems.”

About Telesat

Backed by a legacy of engineering excellence, reliability and industry-leading customer service, Telesat (Nasdaq and TSX: TSAT) is one of the largest and most innovative global satellite operators. Telesat works collaboratively with its customers to deliver critical connectivity solutions that tackle the world’s most complex communications challenges, providing powerful advantages that improve their operations and drive profitable growth.

Continuously innovating to meet the connectivity demands of the future, Telesat Lightspeed, the company’s state-of-the-art Low Earth Orbit (LEO) satellite network, has been optimized to meet the rigorous requirements of telecom, government, maritime and aeronautical customers. Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity, secure and resilient links with fibre-like speeds. For updates on Telesat, follow us on LinkedIn, X, or visit www.telesat.com.

About Arabsat

Established in 1976, Arabsat is an initiative launched by 21 Arab countries and is wholly owned by the Arab League. It is considered the first provider of satellite services in the Arab world and enjoys an advanced position among satellite operators globally.

Thanks to a fleet of 8 satellites, equipped with state-of-the-art technologies, Arabsat is adept at providing a full spectrum TV and radio broadcast, telecommunications, broadband, advanced data transmission network solutions, and a range of satellite ecosystem services as well as multi-channel communications services, in addition to Internet services for government and commercial entities around the MENA region.

Arabsat provides satellite and Internet broadcast services for more than 260 encrypted television networks and HD channels. It provides its services through advanced technologies, ensuring the highest quality to over 650 TV channels and more than 245 radio stations, reaching tens of millions of households in more than 100 countries in the Middle East, Africa, Europe, and Central Asia. These channels and stations are followed by more than 300 million viewers in 21 Arab countries.

Arabsat seeks to empower itself as the world’s best satellite operator. To do so, it follows an approach based on passion, stimulating innovation, and developing partnerships with the most prestigious satellite companies worldwide. This approach enabled Arabsat to acquire Hellasat, the most prominent satellite company in Southeastern Europe. In addition, Arabsat signed agreements with value-added services integration and advanced technology companies, which paved the way to launch Badr 8, the latest seventh generation satellite in its fleet. Furthermore, Arabsat aspires to launch more satellites equipped with optical communications technologies, which represent a real addition to the Arab satellite communications ecosystem.

Media Contacts:

W2 Communications for Telesat
[email protected]

Arabsat Public Relations
[email protected]

Telesat’s Forward-Looking Statements Safe Harbor

This news release contains statements that are not based on historical fact and are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws. When used herein, statements which are not historical in nature, or which contain the words “will,” “expects,” or similar expressions, are forward-looking statements. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. All statements made in this press release are made only as of the date set forth at the beginning of this release. Telesat Corporation undertakes no obligation to update the information made in this release in the event facts or circumstances subsequently change after the date of this press release.

These forward-looking statements are based on Telesat Corporation’s current expectations and are subject to a number of risks, uncertainties and assumptions. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Telesat Corporation’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. There are numerous risks and uncertainties associated with Telesat’s business and the Telesat Lightspeed constellation. Known risks and uncertainties include but are not limited to: inflation and rising interest rates; tariffs; Telesat’s ability to meet the funding conditions of its funding agreements with the Government of Canada and Government of Quebec; technological hurdles, including our and our contractors’ development and deployment of the new technologies required to complete the constellation in time to meet our schedule, or at all; the availability of services and components from our and our contractors’ supply chains; competition; risks associated with domestic and foreign government regulation, including access to sufficient orbital spectrum to be able to deliver services effectively and access to sufficient geographic markets in which to sell those services; Telesat’s ability to develop significant commercial and operational capabilities; risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; and volatility in exchange rates. The foregoing list of important factors is not exhaustive. Investors should review the other risk factors discussed in Telesat Corporation’s annual report on Form 20-F for the year ended December 31, 2024, that was filed on March 27, 2025, with the United States Securities and Exchange Commission (“SEC”) and the Canadian securities regulatory authorities at the System for Electronic Document Analysis and Retrieval (“SEDAR”), and may be accessed on the SEC’s website at https://www.sec.gov/ and SEDAR’s website at https://www.sedarplus.ca/ as well as our subsequent reports on Form 6-K filed with the SEC and also available on SEDAR.



Posted on

Emergent BioSolutions to Participate in Upcoming Investor Conferences

GAITHERSBURG, Md., May 14, 2025 (GLOBE NEWSWIRE) — Emergent BioSolutions Inc. (NYSE: EBS) announced today that members of its executive management team will participate in the following investor conferences:

  • RBC Global Healthcare Conference (New York, New York)
    Fireside chat on Tuesday, May 20 at 3:35 pm ET
    Virtual attendees can participate via webcast
  • Goldman Sachs Leveraged Finance Conference, May 29, 2025 (Dana Point, California)
  • Benchmark’s 5th Annual Healthcare House Call Virtual Investor Conference
    Presentation on Thursday, May 29
  • Jefferies Global Healthcare Conference (New York, New York)
    Presentation on Thursday, June 5 at 1:25 pm ET
    Virtual attendees can participate via webcast

A replay of the presentations can be accessed from the Investors page of Emergent’s website.

About Emergent BioSolutions 
At Emergent, our mission is to protect and save lives. For over 25 years, we’ve been at work preparing those entrusted with protecting public health. We deliver protective and life-saving solutions for health threats like smallpox, mpox, botulism, Ebola, anthrax and opioid overdose emergencies. To learn more about how we help prepare communities around the world for today’s health challenges and tomorrow’s threats, visit our website and follow us on LinkedIn, X, Instagram, Apple Podcasts and Spotify. 

Investor Contact:

Richard S. Lindahl
Executive Vice President, CFO
[email protected]

Media Contact:

Assal Hellmer
Vice President, Communications
[email protected]

 



Posted on

Pony AI Inc. Announces Voluntary Extended Lock-Ups by Founders

Extended lock-ups cover approximately 22.9% of total outstanding ordinary shares

SHANGHAI, China, May 14, 2025 (GLOBE NEWSWIRE) — Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced that Dr. Jun Peng, Chairman of the Board, Co-founder, and CEO, and Dr. Tiancheng Lou, Co-founder and CTO, have each entered into voluntary extended lock-up agreements (the “Extended Lock-Ups”). These agreements cover all shares of the Company’s share capital or securities convertible into, exchangeable, or exercisable for any shares of the Company’s share capital directly or indirectly owned by the co-founders for a period of 540 days starting from May 25, 2025, the expiration date of the Company’s initial public offering lock-up period.

The Extended Lock-Ups cover a total of 110,828 Class A ordinary shares and 81,088,770 Class B ordinary shares, representing approximately 22.9% of the Company’s total issued and outstanding ordinary shares as of the date of this announcement.

“These voluntary extended lock-up agreements demonstrate our confidence in Pony.ai’s vision and the execution of our growth strategy,” commented Dr. James Peng, Co-founder and CEO of Pony.ai. “At this critical stage of scaling up our Robotaxi production and deployment, we believe this commitment will further reinforce long-term shareholder confidence and support sustainable value creation.”

About Pony AI Inc.

Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates Pony.ai’s proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, Pony.ai has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology. For more information, please visit: http://ir.pony.ai.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Pony.ai’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Pony.ai’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Pony.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Pony.ai

Investor Relations
Email: [email protected]

Media Relations
Email: [email protected]

Christensen Advisory

Email: [email protected]



Posted on

CIBC Asset Management launches three new actively managed CIBC ETFs, expanding its cash management and fixed income ETF suite

Canada NewsWire


TORONTO
, May 14, 2025 /CNW/ – CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management (CAM) today announced the launch of three actively managed CIBC ETFs to support investors’ cash management and income diversification needs.

The CIBC Premium Cash Management ETF, CIBC USD Premium Cash Management ETF, and CIBC Canadian Government Long-Term Bond ETF expand CIBC’s ETF line-up and aim to provide investors with compelling yield opportunities and long-term income diversification:


CIBC ETF name


Ticker


Annual
management fee*
(%)


Distribution


CIBC Premium Cash Management ETF

seeks to obtain a high level of income while
preserving capital and maintaining liquidity,
by investing primarily in investment grade
Canadian money market securities, such as
treasury bills issued by Canadian
governments, bankers’ acceptances of
Canadian chartered banks and commercial
paper of Canadian corporations.

CCAD

0.12

Monthly


CIBC USD Premium Cash Management
ETF seeks to obtain a high level of income
while preserving capital and maintaining
liquidity, by investing primarily in high quality
short-term fixed income securities
denominated in U.S. dollars.

CUSD.U

0.12

Monthly


CIBC Canadian Government Long-Term
Bond ETF seeks to obtain a high level of
income by investing primarily in longer-dated
fixed income securities of Canadian
government issuers.

CALB

0.20

Monthly

* The annual management fee is equal to the fee paid by the CIBC ETF to CAM and does not include
applicable taxes or other fees and expenses of the CIBC ETF.

“We developed these ETFs to address a clear interest from the market,” notes Greg Gipson, MD & Head, ETF, CIBC Global Asset Management. “Our new CIBC ETFs are designed to provide secure and yield-enhancing cash solutions, and a robust long-term income solution. Our experienced team brings a disciplined approach to risk management, ensuring investors have the tools they need to build resilient portfolios, regardless of market conditions.”

These CIBC ETFs can be appropriate for a wide range of client portfolios—whether for short-term liquidity needs or long-term income strategies.

The CIBC ETFs have closed their initial offerings of units and trade today on the Toronto Stock Exchange. More details on the new CIBC ETFs and CAM’s complete ETF line-up can be found on CIBC’S ETF website.

CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, management fees and expenses all may be associated with investments in exchange traded funds (ETFs). Please read the CIBC ETFs prospectus or ETF Facts document before investing. To obtain a copy, call 1-888-888-3863, ask your advisor or visit www.cibc.com/etfs. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. CIBC ETFs are offered by registered dealers.

About CIBC  

CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.

About CIBC Asset Management  

CIBC Asset Management Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM’s offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of Canada’s largest asset management firms, with over $227 billion in assets under administration as of March 2025.

SOURCE CIBC

Posted on

Aspen Aerogels, Inc. to Participate in the B. Riley Securities 25th Annual Investor Conference

PR Newswire


NORTHBOROUGH, Mass.
, May 14, 2025 /PRNewswire/ — Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Company”), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to participate in the 25th Annual B. Riley Securities Investor Conference on Wednesday, May 21, 2025 and Thursday, May 22, 2025, to be held at the Ritz-Carlton in Marina Del Rey, CA.

Donald R. Young, President & CEO, and Ricardo C. Rodriguez, CFO & Treasurer, will be hosting one-on-one and small group meetings with investors during the conference. For those interested in arranging a meeting with Aspen management, please contact your B. Riley representative.

About Aspen Aerogels, Inc.

Aspen is a technology leader in sustainability and electrification solutions. The Company’s aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Aspen’s PyroThin® products enable solutions to thermal runaway challenges within the electric vehicle (“EV”) market. The Company’s carbon aerogel initiative seeks to increase the performance of lithium-ion battery cells to enable EV manufacturers to reduce charging time and the cost of EVs. The Company’s Cryogel® and Pyrogel® products are valued by the world’s largest energy infrastructure companies. Aspen’s strategy is to partner with world-class industry leaders to leverage its Aerogel Technology Platform® into additional high-value markets. Aspen is headquartered in Northborough, Mass. For more information, please visit www.aerogel.com.

Cision View original content:https://www.prnewswire.com/news-releases/aspen-aerogels-inc-to-participate-in-the-b-riley-securities-25th-annual-investor-conference-302454681.html

SOURCE Aspen Aerogels, Inc.