Market Newsdesk

MONTREAL
, March 4, 2025 /PRNewswire/ – Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) (“Lightspeed” or the “Company“), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, today announced the United States District Court for the Eastern District of New York has dismissed in full the securities class action lawsuit against the Company and certain of its executives. The decision marks a clear and decisive victory for Lightspeed, stating that the allegations had no adequate legal basis.

The lawsuit, which stemmed from allegations largely based on a short-seller report published by Spruce Point Capital Management in September 2021 that contained numerous inaccuracies and mischaracterizations, was found to lack merit. The Court ruled that the plaintiff failed to allege any actionable claims.

“We welcome this outcome, which confirms what we’ve maintained all along—Lightspeed has acted with integrity and transparency,” said Dax Dasilva, Founder and CEO of Lightspeed. “This ruling helps us put this matter behind us and stay focused on delivering value for our stakeholders.”

This announcement comes ahead of Lightspeed’s Capital Markets Day, scheduled for March 26, 2025 at the New York Stock Exchange, where Lightspeed’s management team will provide a comprehensive update on the Company’s transformation plan, operational and financial impact, products, go-to-market efforts, and provide a long-term financial outlook.

About Lightspeed

Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale, and provide exceptional omnichannel customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across North America, Europe, and Asia Pacific, the company serves retail, hospitality, and golf businesses in over 100 countries.

Follow us on social media: LinkedIn, Facebook, Instagram, YouTube, and X.

Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements“), including information regarding litigation. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations, under “Risk Factors” in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed’s subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Lightspeed Commerce Inc.

Parent Company Discusses Strategy to Evolve into a Broader Holding Company with a Focus on Emerging Technologies

NEW YORK
, March 4, 2025 /PRNewswire/ — Dominari Holdings Inc. (Nasdaq: DOMH) (the “Company”) today announced that its wholly-owned subsidiary, Dominari Securities LLC (“Dominari”), has received approval for its Continuing Membership Application (“CMA”) from the Financial Industry Regulatory Authority (“FINRA”). The Company also provided additional commentary regarding its plans to develop into a broader holding company with a focus on emerging technologies.

Dominari Securities Receives Approval to Expand

Following a comprehensive audit and evaluation by FINRA, the securities firm’s CMA has been approved, allowing for the addition of 50 new seats and expansion of office locations.

Mr. Kyle Wood, CEO of Dominari Securities LLC, commented, “This approval represents a key milestone that clears the way for us to expand our securities operations and our capabilities. With a deeper bench and a broader range of services, we will be better positioned to support our clients with investment banking advice, corporate guidance and access to both private and public capital markets. We appreciate FINRA’s approval. It is extremely beneficial for our securities business and aligns with our plans to develop other high-impact business lines and build a valuable holdings enterprise that fosters American innovation in high-growth industries.”

Dominari Holdings Strategic Expansion into Emerging Technologies

In addition to its ownership of Dominari Securities, Dominari Holdings recently announced its formation and partial ownership of American Data Center, establishing its presence in the technology infrastructure sector. (Announcement available here). Looking ahead, the Company plans to continue to focus on developing and investing in next-generation industries within the AI ecosystem, including:

• Data Centers
• Renewable Energy, Including Nuclear and Small Modular Reactors (SMRs)
• Quantum Computing

Mr. Anthony C. Hayes, CEO of Dominari Holdings Inc., commented, “Our work in these targeted technology sectors is highly accretive to our securities firm, as it enables us to support early-stage companies through initial funding rounds and guide them through the IPO process. By combining our expertise in capital markets with our commitment to technological advancement, we are uniquely positioned to cultivate the next generation of industry leaders.”

For additional information about Dominari Holdings Inc., please visit: https://www.dominariholdings.com/

Dominari Securities LLC’s Mission Statement:

Dominari Securities LLC, a principal subsidiary of Dominari Holdings Inc., is a dynamic, forward-thinking financial services company that seeks to create wealth for all stakeholders by capitalizing on emerging trends in the financial services sector and identifying early-stage future opportunities that are expected to generate a high rate of return for investors.

Securities Brokerage and Registered Investment Adviser Services are offered through Dominari Securities LLC, a Member of FINRA, MSRB and SIPC. Securities brokerage, investment adviser and other non-bank deposit investments are not FDIC insured and may lose some or all of the principal invested. You can check the background of Dominari Securities and its registered investment professionals and review its SEC Form CRS on FINRA’s BrokerCheck site at https://brokercheck.finra.org. Information for Dominari Securities LLC and its registered investment professionals as well as its SEC Form CRS may also be found on FINRA’s BrokerCheck site.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, which include but are not limited to the Risk Factors set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 relating to its business. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

Dominari Holdings Inc.

https://www.dominariholdings.com/

Investor Relations
Hayden IR
Brett Maas, Managing Partner
Phone: (646) 536-7331
Email: [email protected]
www.haydenir.com

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SOURCE Dominari Holdings Inc.

Brady Plays Used Car Salesman in New Hertz Ad Offering Chance to Win Cadillac XT5

ESTERO, Fla.
, March 4, 2025 /PRNewswire/ — Hertz, one of the world’s leading car rental companies, is teaming up with Tom Brady once again to share that Hertz is also one of the largest used car dealers. The seven-time World Champion, sports broadcaster, and entrepreneur, is now adding used car salesman to his growing resume in a new ad for Hertz Car Sales.

In the ad, Brady explains the benefits of buying a vehicle from Hertz Car Sales and gives a lucky winner the chance to own a piece of sports history by taking home an autographed 2023 Cadillac XT5.

“Tom Brady might be collecting jobs like he collected championship rings, but he’s proving to be a genuine MVP in the used car game,” said Jeff Adams, Executive Vice President of Hertz Car Sales. “He’s showcasing our Hertz Car Sales vehicles with the same precision he showed on the field – and why premium vehicles like the Cadillac XT5 offer that perfect blend of luxury and reliability. When it comes to delivering value to customers, Brady’s definitely a pro.”

Hertz Car Sales has transformed the car-buying experience by bringing Hertz’s century-long automotive expertise directly to consumers. Customers can shop for premium pre-owned vehicles online or at more than 40 retail locations nationwide, select their Hertz Certified vehicle at clear, upfront pricing, and have it delivered right to their doorstep. 

Each Hertz Certified vehicle undergoes a rigorous 115-point certification process and comes backed by comprehensive 12-month/12,000-mile limited powertrain warranty and Hertz Car Sales’ buy with confidence guarantee, delivering the quality, convenience, and value customers expect from the Hertz name.

“Hertz Car Sales has come up with the perfect game plan – with their seamless certification process, wide selection of premium vehicles, and clear upfront pricing. Hertz is committed to delivering exceptional service to their customers. I’m excited to work alongside their team and help people find the right car for them,” said Tom Brady.

The 2023 Cadillac XT5 is equipped with several entertainment and safety features including, but not limited to: navigation system, power moonroof, wireless phone connectivity, emergency communications system, lane departure, leather upholstery and more. The luxury SUV now also includes Brady’s handwritten signature on the driver’s side visor. 

How to Enter: Entering the sweepstakes is easy and free! To enter, participants simply need to visit Hertz.com/TomBradyUsedCar.com and complete the online entry form. All eligible entries will be automatically entered into the grand prize drawing.

Key Sweepstakes Details:

• Prize: Cadillac XT5, signed by Tom Brady, valued at $31K+, plus $5,000 cash
• Entry Period: 
  March 4, 2025 – April 14, 2025
• How to Enter: Visit Hertz.com/TomBradyUsedCar and complete the online entry form.

NO PURCHASE NECESSARY. Open to all legal U.S. residents who are licensed drivers residing in the 48 contiguous U.S. states and District of Columbia who are 20 years and older. Void where prohibited by law. See official rules for details.

For more information or to see Hertz’s latest used car sales inventory, visit hertzcarsales.com.

About Hertz

Hertz Global Holdings Inc. is one of the world’s leading car rental and mobility solutions providers. Its subsidiaries and licensees operate the Hertz, Dollar, Thrifty and Firefly vehicle rental brands with more than 11,000 rental locations in 160 countries around the globe, as well as the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the US, and the Hertz 24/7 car sharing business in Europe. For more information about Hertz, visit 
www.hertz.com
.

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SOURCE Hertz Global Holdings, Inc.

850 Homes Expected to be Powered by this Community Solar Project

TORONTO
, March 4, 2025 /PRNewswire/ – SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) (“SolarBank” or the “Company”) is pleased to announce an update on the development of a 7.2 MW DC ground-mount solar power project known as the North Main project (the “Project”) on a site located in Wyoming County, New York. The Project has completed its Coordinated Electric System Interconnection Review (CESIR), and now can proceed to the next important milestone, permitting the Project site.

Following receipt of the necessary permits and financing, the Company intends to commence construction of the Project, which upon completion, will be operated as a community solar project. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority (“NYSERDA”) NY-Sun Program.

The clean energy generated by community solar projects feeds directly into the local electricity grid, and depending on the size and number of panels in the community solar project, renters and homeowners can earn credits on their electric bill and save money from the electricity that is generated by a project. By subscribing to a project, community members can access the benefits of renewable energy without having to install panels on their home and access power at a discount to prevailing utility rates. SolarBank’s strategic focus on community solar aligns with its goal of powering thousands of homes with clean and affordable energy.

Solar Simplified handles all customer-facing activities for the Company’s community solar projects, allowing it to focus on developing and expanding its renewable energy portfolio. Solar Simplified’s expertise in acquisition, enrollment, and management ensures full project subscription and maximized revenue from day one. With a business model that aligns seamlessly with the Company’s, this partnership drives sustainable growth, enabling the Company to accelerate development, bring more projects online each year, and create greater value for its business and the communities served by the Company.

There are several risks associated with the development of the Project. The development of any project is subject to receipt of a community solar contract, required permits, the continued availability of third-party financing arrangements for the Company and the risks associated with the construction of a solar power project. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar power, which could result in future projects no longer being economic. Please refer to “Forward-Looking Statements” for additional discussion of the assumptions and risk factors associated with the Project and statements made in this press release.

About SolarBank Corporation

SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. To learn more about SolarBank, please visit www.solarbankcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information ‎within the meaning of Canadian securities legislation (collectively, “forward-looking ‎statements”) that relate to the Company’s current expectations and views of future events. ‎Any statements that express, or involve discussions as to, expectations, beliefs, plans, ‎objectives, assumptions or future events or performance (often, but not always, through the ‎use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will ‎continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, ‎‎”projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be ‎forward-looking statements and may involve estimates, assumptions and uncertainties ‎which could cause actual results or outcomes to differ materially from those expressed in ‎such forward-looking statements. In particular and without limitation, this news release ‎contains forward-looking statements pertaining to the Company’s expectations regarding its industry trends and overall market growth; the Company’s growth strategies the expected energy production from the solar power project mentioned in this press release; the number of homes expected to be powered; the receipt of permits and financing to be able to construct the Project; the receipt of incentives for the Project; and the size of the Company’s development pipeline. No assurance ‎can be given that these expectations will prove to be correct and such forward-looking ‎statements included in this news release should not be unduly relied upon. These ‎statements speak only as of the date of this news release.‎

Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company’s ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company’s ability to attract and retain skilled staff; market competition; the products and services offered by the Company’s competitors; that the Company’s current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.

Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under “Forward-‎Looking Statements” and “Risk ‎Factors” in the Company’s most recently completed Annual Information Form, and other public filings of the Company, which include: the Company may be adversely affected by volatile solar power market and industry conditions; the execution of the Company’s growth strategy depends upon the continued availability of third-party financing arrangements; the Company’s future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company’s project development and construction activities may not be successful; developing and operating solar projects exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements (“PPAs”) and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company’s effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company’s results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation; unexpected warranty expenses that may not be adequately covered by the Company’s insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any resurgence of COVID-19 on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.

The Company undertakes no obligation to update or revise any ‎forward-looking statements, whether as a result of new information, future events or ‎otherwise, except as may be required by law. New factors emerge from time to time, and it ‎is not possible for the Company to predict all of them, or assess the impact of each such ‎factor or the extent to which any factor, or combination of factors, may cause results to ‎differ materially from those contained in any forward-looking statement. Any forward-‎looking statements contained in this news release are expressly qualified in their entirety by ‎this cautionary statement.‎

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SOURCE SolarBank Corporation

Harmonic’s cOS Virtualized Broadband Platform Accelerates Network
Modernization, Unleashing Faster Speeds and Providing a Path to Fiber

SAN JOSE, Calif.
, March 4, 2025 /PRNewswire/ — Harmonic (NASDAQ: HLIT) today announced that Astound Broadband, the sixth largest MSO in the U.S. catering to over one million subscribers, has selected the company’s industry-leading cOS^™ virtualized broadband platform to drive the evolution of its broadband infrastructure. By adopting Harmonic’s virtualized platform, Astound Broadband is taking a leap forward in delivering reliable, high-speed broadband connectivity to subscribers. This strategic move will enable Astound Broadband to boost network efficiency, gain critical scalability and enjoy a seamless path to fiber by leveraging a future-ready infrastructure.

“Providing critical broadband access to local communities fuels our innovation. By partnering with Harmonic, we are leveraging their cutting-edge technology, proven performance at scale and exceptional support to ensure high-speed connectivity for our customers today and in the future,” said Patrick Murphy, executive vice president and chief technology officer, Astound Broadband.

Astound Broadband will deploy Harmonic’s cOS platform in a distributed access architecture (DAA) with the company’s Pebble Remote PHY Device. Powered by software, the cOS platform will enable a faster time to market for Astound Broadband’s new services. Harmonic’s solution provides Astound Broadband with a unified platform for DOCSIS today and PON for future FTTH deployments, minimizing hardware requirements while delivering substantial power, space and cost efficiencies.

In addition, Harmonic’s cOS Central will enhance Astound Broadband’s network with advanced analytics and automation, offering real-time visibility and proactive issue resolution to ensure consistent and reliable broadband service.

“We are thrilled to partner with Astound Broadband, as we share a common vision and dedication to deliver exceptional customer experiences through innovative, high-performance broadband solutions,” said Jeffrey Glahn, senior vice president of global sales, broadband, at Harmonic. “Astound Broadband is a trailblazer in the industry. By modernizing its network with our cOS virtualized broadband platform and tapping into the flexibility to utilize fiber in the future, they are leading the charge toward the next generation of broadband infrastructure, inspiring other operators to follow suit.”

Harmonic’s market-leading cOS platform powers next-gen broadband services to more than 33 million homes worldwide for leading operators in North America, Europe, Latin America and Asia. To learn more about Harmonic’s cOS platform and portfolio of network edge devices, visit www.harmonicinc.com/broadband.

About Harmonic
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry’s first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers’ homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at www.harmonicinc.com. 

Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements concerning Harmonic’s business and the anticipated capabilities, advantages, reliability, efficiency, market acceptance, market growth, specifications and benefits of Harmonic products, services and technology are forward-looking statements. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties, including the risks and uncertainties more fully described in Harmonic’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2024, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to Harmonic as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements.

Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners.

About Astound Broadband
Astound Broadband (astound.com) is the sixth largest cable operator in the U.S., providing award-winning high-speed internet, broadband communications solutions, TV, phone services and fiber optic solutions for residential and business customers across the United States. Astound Broadband is comprised of organizations formerly known as RCN, Grande Communications, Wave Broadband, and enTouch. The company services Chicago, Indiana, Eastern Pennsylvania, Massachusetts, New York City, Maryland, Washington, D.C., Texas, and regions throughout California, Oregon, and Washington.

Photo Link:
www.202comms.com/Harmonic/Harmonic-cOS_logo.jpg

Photo Caption: Harmonic cOS^™ Broadband Platform Logo

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SOURCE Harmonic Inc.

• Rosamond brings over twenty years of experience developing distribution networks and building partnerships across the wealth channel in Europe and the Middle East.  

NEW YORK
, March 4, 2025 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today the hiring of Rosamond Price as a Managing Director and Head of Private Wealth EMEA. Rosamond will be based in Blue Owl’s London office and report to Sean Connor, President & CEO of Global Private Wealth.

Rosamond previously served as EMEA Region Head for Brookfield Oaktree Wealth Solutions. In this role, Rosamond oversaw all distribution partnerships, investment due diligence, commercial negotiations, investor relations and change management initiatives across EMEA partners.

Prior to her role as EMEA Region Head, Rosamond was a Senior Vice President, Wealth & Family Office at Brookfield. She was responsible for developing Brookfield’s partnerships with financial intermediaries and single-family offices across the U.K. and continental Europe. Prior to Brookfield, Rosamond spent 14 years at PIMCO most notably serving as Executive Vice President, Consultant Relations Group and Senior Vice President, Global Wealth Management.

Sean Connor, President & CEO of Global Private Wealth at Blue Owl said: “We are delighted to welcome Rosamond to Blue Owl. Her two decades of experience in building and scaling coverage of EMEA wealth advisors & managers, financial intermediaries and distribution platforms is integral to Blue Owl’s global growth strategy for our private wealth business. Her appointment complements additional senior hires we’ve made across North America, Australia, Hong Kong, LatAm and Japan. Together, Blue Owl remains well positioned to expand and deepen our partnerships within the global private wealth channel. We look forward to continuing to serve as the partner of choice for the largest global wealth management platforms.”  

Rosamond Price, Head of Private Wealth EMEA at Blue Owl said: “Blue Owl’s wealth business is underpinned by a strong track-record of tailored product innovation, scaled global distribution platforms and exceptional client education. All of this has helped create an industry-leading wealth platform at one of the largest and fastest growing alternative asset managers. With the support of Sean and the global private wealth leadership team, I look forward to continuing to build and scale our partnerships across the region and to bring the breadth of Blue Owl’s private markets expertise to the EMEA wealth channel.”

Blue Owl is a global leader in bringing premiere private markets solutions to the private wealth channel. The firm employs an industry-leading team of over 140 dedicated professionals serving over 125,000 clients globally.

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With over $250 billion in assets under management as of December 31, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Assets. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,100 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com. 

Forward Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of strategic acquisitions; costs related to acquisitions; the inability to maintain the listing of Blue Owl’s shares on the New York Stock Exchange; Blue Owl’s ability to manage growth; Blue Owl’s ability to execute its business plan and meet its projections; potential litigation involving Blue Owl; changes in applicable laws or regulations; and the possibility that Blue Owl may be adversely affected by other economic, business, geo-political and competitive factors.

Investor Contact

Ann Dai
Head of Investor Relations
[email protected]

Media Contact

Nick Theccanat

Principal, Corporate Communications & Government Affairs
[email protected]

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SOURCE Blue Owl Capital

Burke to Oversee Industrial Scientific and Intelex Operating Companies

PITTSBURGH
, March 4, 2025 /PRNewswire-PRWeb/ — Industrial Scientific, a global leader and innovator in gas detection and safety technologies that automate critical safety and operational risk workflows, has announced that its President, Parker Burke, will now lead both Industrial Scientific and Intelex, a global provider of SaaS-based environmental health, safety, and quality (EHSQ) management software, as Group President under the Fortive Corporation (NYSE: FTV) Environmental, Health, and Safety Group.

Industrial Scientific and Intelex will continue to function as independent wholly owned Fortive operating companies. Mr. Burke will retain his current responsibilities of forming and executing the company’s strategy dedicated to preserving human life and ending death on the job by 2050, while also assuming this group leadership role.

The Environmental, Health, and Safety Group structure enables new opportunities for growth, collaboration, and impactful technological development across companies, helping both continue to meet emerging customer challenges with their unique, innovative technology solutions. For example, the group structure will combine Industrial Scientific’s expertise in gas detection and safety automation with Intelex’s advanced SaaS-based environmental health, safety, and quality management software. By integrating these complementary technologies, the group can offer comprehensive, end-to-end solutions that enhance workplace safety, streamline compliance processes, and improve operational efficiency.

“The incredible employees at both Industrial Scientific and Intelex share a commitment to creating better safety outcomes and more sustainable workplaces for millions of workers around the world. Together, the companies are market leaders in hardware-enabled software workflows that deliver life-saving impact,” said Mr. Burke. “It’s an honor to lead the mission-driven teams at both companies, and I look forward to accelerating innovation, backed by the power of the Fortive Business System, to ensure the that the customers who trust us return home safely to their loved ones each day.”

Mr. Burke has led Industrial Scientific as President since 2021. Before that, he served the business as Senior Vice President and General Manager. Prior to joining Industrial Scientific, he was Vice President and General Manager at Anderson-Negele in Fultonville, NY.

About Industrial Scientific Corporation
Industrial Scientific Corporation is on a mission to end death on the job through portable gas detection, hardware as a service, and advanced analytics that help prevent exposure to hazards and deliver unmatched clarity into safety and operational performance. For 40 years, Industrial Scientific has led the industry with a complete line of rugged and reliable gas detectors backed by real-time monitoring software, flexible connectivity options, managed maintenance services, and a trusted team of gas detection experts that ensure people around the world go home safely each night. For more information, visit http://www.indsci.com.

About Intelex
For over 30 years, Intelex has been making a difference in the world by helping our 1,400 customers achieve safer, more sustainable operations. Our web and mobile solutions streamline and simplify environmental, safety, quality and risk management, empowering organizations to meet the challenges of an increasingly complex marketplace while minimizing negative social, environmental and human impacts. Intelex is proud to be an operating company of Fortive Corporation, which provides strength in numbers, strength in skills and perspectives and strength in our shared conviction to make an impact.

Media Contact

Erica Garber, Industrial Scientific, 1-800-338-3287, [email protected], https://www.indsci.com/en/ 

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SOURCE Industrial Scientific Corporation

 ServiceNow and DXC expand their strategic partnership to combine DXC’s industry-leading software and expertise with ServiceNow’s AI-enabled platform

ASHBURN, Va. and SANTA CLARA, Calif., March 4, 2025 /PRNewswire/ – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced new offerings with ServiceNow (NYSE: NOW), the AI platform for business transformation, to modernize the insurance industry. As an Elite partner, DXC is combining its industry-leading solutions and ServiceNow’s AI capabilities and workflows to introduce DXC Assure BPM (Business Process Management) powered by ServiceNow.

Today’s insurers are pressured to accelerate growth and innovation, streamline operations, and provide faster, more reliable services to policyholders, but are often constrained by processes and workflows that are complex and highly manual. According to HFS Research, 45% of insurers are already investing in technology-driven alignment of their front, middle, and back offices.

DXC and ServiceNow are uniquely positioned to help insurers drive innovation for greater operational efficiency.  Combining DXC’s insurance expertise and scale with ServiceNow’s single platform and data model, DXC Assure BPM powered by ServiceNow integrates AI, data and workflows to reduce process debt, enhance operational efficiency, and improve customer satisfaction. The solution applies across the entire policy lifecycle and is expected to help reduce up to 40% of operational costs typically spent on manual processing.

“We are committed to delivering exceptional value to our customers and accelerating business outcomes. Our expanded partnership with ServiceNow will combine our deep insurance expertise with ServiceNow’s advanced AI workflow technology to drive speed, agility and operational transformation for insurers,” said Ray August, President of Insurance Software and Business Process Services at DXC. “Together, we are shaping the future of the insurance industry.”

“Unifying ServiceNow’s AI and workflows with DXC’s deep insurance industry insight has the power to change insurance processes in ways never possible before,” said Erica Volini, executive vice president, worldwide industries, partners, and go-to-market at ServiceNow. “Together we’re helping accelerate transformation across carriers – bringing greater agility and speed to each and every process.”

Available today, Assure BPM powered by ServiceNow is an end-to-end insurance solution designed to support the full policy lifecycle, including policy administration, billing and payment, new business and underwriting, and claims management.  Key highlights include:  

• Purpose-built, preconfigured workflows based on DXC’s 40+ years of insurance experience and ServiceNow’s AI and workflow technology. 
• Fully integrated with DXC Assure Platform for advanced security, seamless integrations to many DXC insurance applications and enhanced data hub.
• AI-driven, self-service portal for policyholders that delivers a personalized customer experience with faster, more accurate responses to questions. 
• Enhanced AI capabilities to automate back-office policy administration and free up resources to focus on innovation and customer service.

For more information on the DXC Assure BPM powered by ServiceNow, visit www.dxc.com/lifeandwealth  

Forward Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

About ServiceNow
ServiceNow (NYSE: NOW) is putting AI to work for people. We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes. For more information, visit: www.servicenow.com.

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SOURCE DXC Technology Company