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MicroAlgo Inc. Develops Quantum Edge Detection Algorithm, Offering New Solutions for Real-Time Image Processing and Edge Intelligence Devices

PR Newswire


SHENZHEN, China
, May 1, 2025 /PRNewswire/ — MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), announced today that their newly developed quantum edge detection algorithm has broken through the limitations of classical methods. This technology optimizes the feature extraction process through quantum circuits, reducing computational complexity from O(N²) to O(N) while maintaining detection accuracy, thereby providing new solutions for real-time image processing and edge intelligence devices.

The quantum image edge detection algorithm is based on quantum state encoding and quantum convolution principles. It maps image pixel information into quantum state vectors and performs feature enhancement and edge extraction through quantum gate operations. The core idea is to leverage quantum parallelism to simultaneously process multiple pixel neighborhoods, using quantum superposition states to simulate the weighted summation process of classical convolution kernels. For example, the quantum Sobel operator enhances gradient responses in edge regions through quantum amplitude amplification techniques, while the quantum Canny algorithm utilizes quantum state entanglement to achieve collaborative multi-scale edge detection. Compared to classical algorithms, quantum methods demonstrate significant advantages in noise robustness, multi-scale feature fusion, and computational energy efficiency.

MicroAlgo’s quantum edge detection technology follows a hybrid architecture of “quantum preprocessing – quantum feature extraction – classical post-processing.”

Image Quantum Encoding: A two-dimensional image matrix is converted into a quantum state input. Using amplitude encoding techniques, pixel grayscale values are mapped to the probability amplitudes of quantum states, and spatial domain information is transformed into a frequency domain representation via the quantum Fourier transform. For instance, for an 8-bit grayscale image, 3 qubits are used to encode each pixel, with quantum superposition states simultaneously representing the feature information of multiple pixels.

Quantum Edge Detection Operations: A quantum convolution circuit is constructed to simulate an edge detection kernel. Parameterized quantum gates (such as RY gates and CNOT gates) are used to design trainable quantum filters, dynamically adjusting the sensitivity and directionality of edge detection. For example, a quantum directional gradient operator achieves multi-directional edge responses by rotating the phase of quantum states, while a quantum noise suppression circuit leverages quantum error correction codes to reduce the impact of salt-and-pepper noise.

Quantum Measurement and Result Decoding: Projective measurements are performed on the quantum states, converting quantum probability amplitudes into classical probability distributions. Edge images are reconstructed using maximum likelihood estimation or Bayesian inference, followed by binarization processing with adaptive thresholding algorithms (e.g., Otsu).

Hybrid Optimization Framework: A variational quantum algorithm (VQA) is employed to optimize the parameters of the quantum circuit. A classical optimizer (e.g., Adam) adjusts the quantum gate parameters based on edge detection performance metrics (such as recall and accuracy), achieving algorithm adaptability through a quantum-classical feedback loop.

MicroAlgo’s quantum machine learning algorithms leverage quantum state superposition and parallel processing capabilities to achieve groundbreaking improvements in computational efficiency, resource consumption, model generalization, and hardware compatibility. Its Quantum Principal Component Analysis (QPCA) reduces the time complexity of high-dimensional data feature extraction from O(N²) in classical algorithms to O(N), with energy consumption only 1/100th that of traditional GPU clusters. The quantum state superposition property significantly expands the feature exploration space, effectively avoiding local optima issues. A cross-platform quantum programming framework supports various types of quantum computers, such as superconducting and ion-trap systems, lowering the barriers to technological implementation and providing revolutionary solutions for fields like drug development, financial risk control, and image recognition.

 

The quantum edge detection algorithm has already been applied in practical scenarios across medical imaging analysis, remote sensing image processing, industrial quality inspection, and autonomous driving. In the medical field, it precisely locates brain tumor boundaries in MRI scans, enhancing detection speed. In remote sensing, it rapidly extracts waterlines under complex sea conditions, reducing false detection rates. In industrial quality inspection, it enables sub-pixel-level crack detection in precision components, lowering miss rates. In autonomous driving, combined with LiDAR data, it improves lane line recognition accuracy in heavy rain, extending effective recognition distance.

Looking ahead, MicroAlgo’s quantum edge detection algorithm will further expand into areas such as multimodal image fusion, encrypted image analysis, and photonic quantum chip integration, reshaping image processing paradigms in fields like intelligent security and biomedical research.

About MicroAlgo Inc.

MicroAlgo Inc. (the “MicroAlgo”), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo’s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo’s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo’s long-term development.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction.

MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.

 

 

 

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SOURCE Microalgo.INC

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Corning Announces Quarterly Dividend

Corning Announces Quarterly Dividend

CORNING, N.Y.–(BUSINESS WIRE)–Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2025, to shareholders of record on May 30, 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250430926457/en/

Caution Concerning Forward-Looking Statements

The statements contained in this release and related comments by management that are not historical facts or information and contain words such as “will,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “see,” “would,” “target,” “estimate,” “forecast” or similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements relate to, among other things, the Company’s Springboard plan, the company’s future operating performance, the company’s share of new and existing markets, the company’s revenue and earnings growth rates, the company’s ability to innovate and commercialize new products, the company’s expected capital expenditure and the company’s implementation of cost-reduction initiatives and measures to improve pricing, including the optimization of the company’s manufacturing capacity.

Although the company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business and key performance indicators that impact the company, there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws.

Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: global economic trends, competition and geopolitical risks, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and other countries, and related impacts on our businesses’ global supply chains and strategies; changes in macroeconomic and market conditions and market volatility, including developments and volatility arising from health crisis events, inflation, interest rates, the value of securities and other financial assets, precious metals, oil, natural gas, raw materials and other commodity prices and exchange rates (particularly between the U.S. dollar and the Japanese yen, New Taiwan dollar, euro, Chinese yuan, South Korean won and Mexican peso), decreases or sudden increases of consumer demand, and the impact of such changes and volatility on our financial position and businesses; the availability of or adverse changes relating to government grants, tax credits or other government incentives; the duration and severity of health crisis events, such as an epidemic or pandemic, and its impact across our businesses on demand, personnel, operations, our global supply chains and stock price; possible disruption in commercial activities or our supply chain due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, international trade disputes or major health concerns; loss of intellectual property due to theft, cyber-attack, or disruption to our information technology infrastructure; ability to enforce patents and protect intellectual property and trade secrets; disruption to Corning’s, our suppliers’ and manufacturers’ supply chain, equipment, facilities, IT systems or operations; product demand and industry capacity; competitive products and pricing; availability and costs of critical components, materials, equipment, natural resources and utilities; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; the amount and timing of any future dividends; the effects of acquisitions, dispositions and other similar transactions; the effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; our ability to increase margins through implementation of operational changes, pricing actions and cost reduction measures; rate of technology change; adverse litigation; product and component performance issues; retention of key personnel; customer ability to maintain profitable operations and obtain financing to fund ongoing operations and manufacturing expansions and pay receivables when due; loss of significant customers; changes in tax laws, regulations and international tax standards; the impacts of audits by taxing authorities; the potential impact of legislation, government regulations, and other government action and investigations; and other risks detailed in Corning’s SEC filings.

For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q.

Web Disclosure

In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it uses its website (https://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.

About Corning Incorporated

Corning (www.corning.com) is one of the world’s leading innovators in materials science, with a 170-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.

Media Relations:

Gabrielle Bailey

(607) 684-4557

[email protected]

Investor Relations:

Ann H.S. Nicholson

(607) 974-6716

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Home Goods Environment Engineering Consumer Electronics Chemicals/Plastics Technology Manufacturing Retail

MEDIA:

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Check Point Software Technologies Receives Common Criteria EAL4+ Certification for Quantum Firewall Software R82

Certification expands global assurance for Check Point’s security platform, supporting trusted deployment in high-assurance environments across more than 30 nations

REDWOOD CITY, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced that its Quantum Firewall Software R82, the latest version of Check Point’s core network security software delivering advanced threat prevention and scalable policy management — has received Common Criteria EAL4+ certification, further reinforcing its position as a trusted security foundation for critical infrastructure, government, and defense organizations worldwide.

“This certification reflects our continued investment in providing trusted and verifiable security to customers operating in highly regulated sectors,” said Eyal Manor, VP of Product Management at Check Point Software Technologies. “It confirms that Check Point Quantum R82 security platform meets stringent global standards and provides verifiable protection for the world’s most demanding environments.”

Certified by the German Federal Office for Information Security (BSI), the Target of Evaluation (TOE) for Check Point’s R82 security platform — covering Security Gateway, Security Management, and M Maestro Orchestrator Hyperscale Network configurations — complies with the internationally recognized Common Criteria for IT Security Evaluation (ISO/IEC 15408) at Evaluation Assurance Level 4+, with augmentation components ALC_FLR.1 and AVA_VAN.4. The evaluation was independently conducted by TÜV Informationstechnik GmbH, a BSI-accredited testing facility.

Common Criteria is the most widely adopted framework for security certification of IT products, and EAL4+ is the highest level widely recognized for commercial technologies. The certification is accepted under the Common Criteria Recognition Arrangement (CCRA) and the European SOGIS Mutual Recognition Agreement (SOGIS-MRA), supporting deployment in over 30 participating nations.

For more information on the R82 TOE and official certification details, please visit:

Follow Check Point via:

LinkedIn: https://www.linkedin.com/company/check-point-software-technologies
X (Formerly known as Twitter): https://www.twitter.com/checkpointsw
Facebook: https://www.facebook.com/checkpointsoftware
Blog: https://blog.checkpoint.com
YouTube: https://www.youtube.com/user/CPGlobal

About Check Point Software Technologies Ltd. 
Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading protector of digital trust, utilizing AI-powered cyber security solutions to safeguard over 100,000 organizations globally. Through its Infinity Platform and an open garden ecosystem, Check Point’s prevention-first approach delivers industry-leading security efficacy while reducing risk. Employing a hybrid mesh network architecture with SASE at its core, the Infinity Platform unifies the management of on-premises, cloud, and workspace environments to offer flexibility, simplicity and scale for enterprises and service providers.

Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding future growth, the expansion of Check Point’s industry leadership, the enhancement of shareholder value and the delivery of an industry-leading cyber security platform to customers worldwide. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2024. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.



MEDIA CONTACT:
Emilie Beneitez
Check Point Software Technologies
[email protected]

INVESTOR CONTACT:
Kip E. Meintzer
Check Point Software Technologies
[email protected]

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ATTENTION FLUENCE ENERGY (NASDAQ: FLNC) SHAREHOLDERS: Berger Montague Reminds Investors of a Securities Fraud Lawsuit Filed Against Fluence Energy

PHILADELPHIA, May 01, 2025 (GLOBE NEWSWIRE) — Berger Montague PC advises investors that a securities class action lawsuit has been filed against Fluence Energy, Inc. (“Fluence” or the “Company”) (NASDAQ: FLNC) on behalf of purchasers of Fluence securities between October 28, 2021 through February 10, 2025, inclusive (the “Class Period”).

Investor Deadline: Investors who purchased or acquired
Fluence
securities during the Class Period may, no later than
MAY 12, 2025
, seek to be appointed as a lead plaintiff representative of the class.

To learn your rights,




CLICK HERE




.

According to the suit, on February 22, 2024, Blue Orca Capital issued a report revealing that Siemens had sued Fluence for misrepresentation, breach of contract, and fraud.

On this news, the price of Fluence common stock fell more than 13%, or $2.28 per share, from a closing price of $17.01 per share on February 21, 2024 to a close of $14.73 per share on February 22, 2024.

Then, on February 10, 2025, Fluence disclosed its financial results for Q1 fiscal 2025, reporting a net loss of $57 million with revenues falling 49% year-over-year. Worse, the Company significantly lowered revenue guidance.

On this news, the price of Fluence Energy common stock fell $6.07 – or more than 46% – from a close of $13.07 on February 10, 2025 to a close of $7.00 on February 11.


To learn your rights or for more information,




CLICK HERE




or please contact Berger Montague: Andrew Abramowitz at




[email protected]




or (215) 875-3015, or Peter Hamner at




[email protected]


.

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.

Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contact:

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected]  

Peter Hamner
Berger Montague PC
[email protected]



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Young Women in Illinois Can Now Apply to Build, Race Electric Powered Go-Carts at ComEd EV Rally

Young Women in Illinois Can Now Apply to Build, Race Electric Powered Go-Carts at ComEd EV Rally

All-girl event offers $2000 scholarship, STEM experience and professional networking for 45 teens

CHICAGO–(BUSINESS WIRE)–
ComEd is excited to announce the return of its signature science, technology, engineering and math (STEM) program for future female STEM leaders, the ComEd EV Rally. Young women in Illinois can now apply to participate in the annual summer event, where teams of teens build and race electric go-carts. This year, 45 teens will have the opportunity to work with women from ComEd to explore STEM career opportunities and build their STEM experience. Since the program’s inception in 2014, over 250 teens have participated in EV Rally or its predecessor program, the ComEd IceBox Derby.

The application is open to any female Illinois resident between the ages of 13 and 18. Applications are available at ComEd.com/STEM. Applications will close at 11:59 p.m. on Sunday, June 1.

“The ComEd EV Rally will stretch students’ imaginations and test their problem-solving skills, all while giving them the thrill of competition,” said Gil C. Quiniones, president and CEO of ComEd. “Young people have a crucial role to play in the clean energy transition, and we are excited to connect EV Rally participants with talented ComEd professionals who can support them on their journey to a successful, rewarding and lucrative career in a STEM field.”

ComEd is committed to developing the next generation of STEM leaders by providing opportunities for the local high school students to build the experience and confidence in the space as they chart their own career paths. To be successful at reaching our clean energy goals and maintaining our award-winning grid reliability, the future STEM workforce must reflect the communities ComEd serves. Programs like ComEd’s STEM Labs help inspire more local talent in northern Illinois to pursue STEM education that will not only lead to lucrative careers, but also support local communities.

Selected participants will work and learn from ComEd mentors, connect with peers from other opportunities and apply their STEM knowledge while building an electric vehicle (EV). The July program will conclude with a once-in-a-lifetime experience where participants will race their vehicles at the iconic Griffin Museum of Science and Industry on Saturday, July 26. At the completion of the program, each participant will receive a $2,000 scholarship to support their ongoing STEM education pursuits.

While making up over half of the students who graduate from college, only 28 percent of STEM professionals are women, according to a study from MIT. By providing female teens the opportunity for hands-on STEM experience and the support of female mentors from ComEd, the utility is taking steps to close the gender gap in the STEM workforce.

With increased electrification, data and technology in our lives, STEM career opportunities will continue to grow throughout northern Illinois, providing family-sustaining careers for many developing professionals. ComEd EV Rally is one example of how ComEd is engaging with STEM-interested students to prepare them to serve as the next generation of leaders in the clean-energy transition. Additional STEM and scholarships programs include ComEd’s STEM Labs, Construct Youth Academy, Tools of the Trade and Future of Energy Scholarships. These programs, like the EV Rally, all focus on giving students greater exposure to the possibilities of STEM.

Learn more about this program and apply at ComEd.com/STEM.

###

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company serving more than 10.7 million electricity and natural gas customers—the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information, visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X andYouTube.

ComEd

Media Relations

312-394-3500

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Women Automotive Other Philanthropy Other Science Technology Engineering Family Manufacturing Consumer Training Teens Other Energy Utilities Energy Philanthropy University Fund Raising Education Hardware Science Alternative Vehicles/Fuels

MEDIA:

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MONDAY DEADLINE: Berger Montague Advises AppLovin (NASDAQ: APP) Investors to Inquire About a Securities Fraud Class Action by May 5, 2025

PHILADELPHIA, May 01, 2025 (GLOBE NEWSWIRE) — Berger Montague PC advises investors that a securities class action lawsuit has been filed against AppLovin Corporation (“AppLovin” or the “Company”) (NASDAQ: APP) on behalf of purchasers of AppLovin securities between May 10, 2023 through March 26, 2025, inclusive (the “Class Period”).

Investor Deadline: Investors who purchased or acquired
AppLovin
securities during the Class Period may, no later than
MAY 5, 2025
, seek to be appointed as a lead plaintiff representative of the class.

To learn your rights,




CLICK HERE




.

Headquartered in Palo Alto, Calif., AppLovin is a developer of a software-based platform for advertisers.

According to the complaint, AppLovin and senior management misled investors regarding AppLovin’s financial growth and stability, raising expectations as to the launch of its AXON 2.0 digital ad platform and the use of “cutting-edge AI technologies” to more efficiently match advertisements to mobile games.

The truth began to emerge on February 26, 2025, when analysts Fuzzy Panda and Culper Research each published reports accusing AppLovin of, among other things, reverse-engineering and exploiting advertising data from Meta Platforms. The reports further alleged that AppLovin was utilizing manipulative practices to artificially inflate their own ad click-through and app download rates, thus presenting false installation numbers and profits.

Following this news, the price of AppLovin’s stock declined from $377.06 per share on February 25, 2025 to $331.00 per share on February 26, 2025 – a decline of $46.06 per share, or 12%.

Then, on March 26, 2025, Muddy Waters Research published a report alleging numerous issues with the Company, including that AppLovin used proprietary third-party data in a manner that violated the terms of service of Facebook, Google, Snap, Reddit, as well as other platforms, potentially leading to backlash and service blocking and threatening the sustainability of AppLovin’s revenue growth.

On this news, the Company’s stock fell $65.92 per share, or 20%, from a close of $327.62 per share on March 26, 2025 to a close of $261.70 per share on March 27, 2025.


To learn your rights or for more information,




CLICK HERE




or please contact Berger Montague: Andrew Abramowitz at




[email protected]




or (215) 875-3015, or Peter Hamner at




[email protected]


.

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.

Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contact:

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected]  

Peter Hamner
Berger Montague PC
[email protected]



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Textron Aviation Calls on Cessna, Beechcraft and Hawker Owners to Transport Athletes to the 2026 Special Olympics USA Games

Textron Aviation Calls on Cessna, Beechcraft and Hawker Owners to Transport Athletes to the 2026 Special Olympics USA Games

WICHITA, Kan.–(BUSINESS WIRE)–Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced the coordination of the ninth Special Olympics Airlift, a monumental event aimed at transporting hundreds of athletes and coaches across country to the 2026 Special Olympics USA Games in Minnesota’s Twin Cities. The company is calling on Cessna, Beechcraft and Hawker aircraft owners and operators to come together on Friday, June 19, 2026, and Saturday, June 27, 2026, to enable champions from all corners of the nation to travel to and from the host city, regardless of financial or logistical challenges.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250430812758/en/

Textron Aviation Inc. announced the coordination of the ninth Special Olympics Airlift, a monumental event aimed at transporting hundreds of athletes and coaches across country to the 2026 Special Olympics USA Games in Minnesota’s Twin Cities. (Photo credit: Textron Aviation)

Textron Aviation Inc. announced the coordination of the ninth Special Olympics Airlift, a monumental event aimed at transporting hundreds of athletes and coaches across country to the 2026 Special Olympics USA Games in Minnesota’s Twin Cities. (Photo credit: Textron Aviation)

The Special Olympics Airlift, organized by Textron Aviation, mobilizes hundreds of volunteer Cessna, Beechcraft and Hawker pilots and aircraft from across the country to create the world’s largest peacetime airlift and provide a once-in-a-lifetime experience for Special Olympics athletes.

“The Airlift is more than just a flight; it’s about giving these champions the chance to shine and achieve their dreams on a national stage,” said Ron Draper, president & CEO, Textron Aviation. “Seeing the excitement and anticipation on the athletes’ faces as they embark on their journey to and from the Games is incredibly moving. We need Cessna, Beechcraft and Hawker customers to join us in this heartfelt mission, volunteering their aircraft and time to make a profound and lasting impact on the lives of these athletes and their families.”

Since the inception of the Special Olympics Airlift in 1987, Cessna, Beechcraft and Hawker owners have transported more than 10,000 athletes and coaches to various Special Olympics World and USA Games. Owners and operators in every state are needed to donate the use of the following aircraft:

  • Cessna Citation jets
  • Beechcraft King Air turboprops
  • Beechcraft Beechjet and Premier jets
  • Hawker jets

Each Airlift event builds on the success of previous years, continually growing in scale and impact. During the 2026 event, participating aircraft known as “Doves” are expected to touch down or takeoff from St. Paul Downtown Airport Holman Field (KSTP) every three minutes throughout a 10-hour period.

The Special Olympics Airlift is made possible by collaboration from influential industry groups such as the Federal Aviation Administration, Minneapolis Saint Paul Metropolitan Airports Commission/KSTP, Signature Aviation, Special Olympics USA Games Local Organizing Committee and Special Olympics North America.

Become a Dove for this monumental nationwide aviation event by visiting airlift.txtav.com.

About Textron Aviation

We inspire the journey of flight. For more than 95 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight. For more information, visit www.txtav.com| www.defense.txtav.com| www.scorpionjet.com.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems. For more information, visit: www.textron.com.

About Special Olympics USA Games

The 2026 Special Olympics USA Games—scheduled for June 20-26, 2026, across Minnesota’s Twin Cities with sports competitions at the University of Minnesota and the National Sports Center in Blaine—is a national celebration of inclusivity, changing perceptions and the ability of the human spirit rising above limitations. The USA Games, with co-presenting partners Jersey Mike’s Subs and United Healthcare, will be one of the biggest U.S. sporting events of the year, drawing tens of thousands of fans to celebrate the ability of over 3,000 incredible athletes from all 50 states as they compete in 16 Olympic-type team and individual sports. As a state with a long history of championing diversity, equity and inclusion, the USA Games now bring an unrivaled opportunity to spark new energy around the Special Olympics movement and create a lasting legacy of positive change.

Media Contact:

Rachel Williams

[email protected]

316.706.7201

txtav.com

KEYWORDS: United States North America Minnesota Kansas

INDUSTRY KEYWORDS: Sports Professional Services Philanthropy Transportation Travel DEI (Diversity, Equity and Inclusion) Olympics Air Transport Aerospace Other Philanthropy Manufacturing

MEDIA:

Photo
Photo
Textron Aviation Inc. announced the coordination of the ninth Special Olympics Airlift, a monumental event aimed at transporting hundreds of athletes and coaches across country to the 2026 Special Olympics USA Games in Minnesota’s Twin Cities. (Photo credit: Textron Aviation)
Photo
Photo
Textron Aviation calls on Cessna, Beechcraft and Hawker owners to transport athletes to the 2026 Special Olympics USA Games. (Photo credit: Textron Aviation)
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Occidental Announces Dividend

HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.24 per share on common stock, payable on July 15, 2025, to stockholders of record as of the close of business on June 10, 2025.

About Occidental

Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of America. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas, and includes our Oxy Low Carbon Ventures subsidiary, which is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. We are dedicated to using our global leadership in carbon management to advance a lower-carbon world. Visit Oxy.com for more information.

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713-552-8811
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Scotiabank Announces Redemption of US $1,250 million 4.900% Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes

PR Newswire


TORONTO
, May 1, 2025 /PRNewswire/ – Scotiabank (TSX: BNS) (NYSE: BNS) today announced its intention to redeem all outstanding US $1,250 million 4.900% Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes (Non-Viability Contingent Capital (NVCC)) (the “Notes”) at 100% of their principal amount plus accrued and unpaid interest to, but excluding, the date fixed for redemption. The redemption of the Notes will occur on June 4, 2025. Formal notice will be delivered to the noteholders in accordance with the terms and conditions set forth in the related trust indenture.

The redemption of the Notes has been approved by the Office of the Superintendent of Financial Institutions and will be financed out of the general funds of Scotiabank. The redemption is part of the Bank’s ongoing management of its Tier 1 capital.

About Scotiabank
Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: “for every future,” we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as at January 31, 2025), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on X @Scotiabank.

Forward-looking Statements 
From time to time, our public communications include oral or written forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission (SEC), or in other communications. In addition, representatives of the Bank may include forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. Forward-looking statements may include, but are not limited to, statements made in this document, the Management’s Discussion and Analysis in the Bank’s 2024 Annual Report under the headings “Outlook” and in other statements regarding the Bank’s objectives, strategies to achieve those objectives, the regulatory environment in which the Bank operates, anticipated financial results, and the outlook for the Bank’s businesses and for the Canadian, U.S. and global economies. Such statements are typically identified by words or phrases such as “believe,” “expect,” “aim,” “achieve,” “foresee,” “forecast,” “anticipate,” “intend,” “estimate,” “outlook,” “seek,” “schedule,” “plan,” “goal,” “strive,” “target,” “project,” “commit,” “objective,” and similar expressions of future or conditional verbs, such as “will,” “may,” “should,” “would,” “might,” “can” and “could” and positive and negative variations thereof.

By their very nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct and that our financial performance objectives, vision and strategic goals will not be achieved.

We caution readers not to place undue reliance on these statements as a number of risk factors, many of which are beyond our control and effects of which can be difficult to predict, could cause our actual results to differ materially from the expectations, targets, estimates or intentions expressed in such forward-looking statements.

The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general economic and market conditions in the countries in which we operate and globally; changes in currency and interest rates; increased funding costs and market volatility due to market illiquidity and competition for funding; the failure of third parties to comply with their obligations to the Bank and its affiliates, including relating to the care and control of information, and other risks arising from the Bank’s use of third parties; changes in monetary, fiscal, or economic policy and tax legislation and interpretation; changes in laws and regulations or in supervisory expectations or requirements, including capital, interest rate and liquidity requirements and guidance, and the effect of such changes on funding costs; geopolitical risk; changes to our credit ratings; the possible effects on our business and the global economy of war, conflicts or terrorist actions and unforeseen consequences arising from such actions; technological changes, including the use of data and artificial intelligence in our business, and technology resiliency; operational and infrastructure risks; reputational risks; the accuracy and completeness of information the Bank receives on customers and counterparties; the timely development and introduction of new products and services, and the extent to which products or services previously sold by the Bank require the Bank to incur liabilities or absorb losses not contemplated at their origination; our ability to execute our strategic plans, including the successful completion of acquisitions and dispositions, including obtaining regulatory approvals; critical accounting estimates and the effect of changes to accounting standards, rules and interpretations on these estimates; global capital markets activity; the Bank’s ability to attract, develop and retain key executives; the evolution of various types of fraud or other criminal behaviour to which the Bank is exposed; anti-money laundering; disruptions or attacks (including cyberattacks) on the Bank’s information technology, internet connectivity, network accessibility, or other voice or data communications systems or services, which may result in data breaches, unauthorized access to sensitive information, denial of service and potential incidents of identity theft; increased competition in the geographic and in business areas in which we operate, including through internet and mobile banking and non-traditional competitors; exposure related to significant litigation and regulatory matters; environmental, social and governance risks, including climate change, our ability to implement various sustainability-related initiatives (both internally and with our clients and other stakeholders) under expected time frames, and our ability to scale our sustainable-finance products and services; the occurrence of natural and unnatural catastrophic events and claims resulting from such events, including disruptions to public infrastructure, such as transportation, communications, power or water supply; inflationary pressures; global supply-chain disruptions; Canadian housing and household indebtedness; the emergence or continuation of widespread health emergencies or pandemics, including their impact on the global economy, financial market conditions and the Bank’s business, results of operations, financial condition and prospects; and the Bank’s anticipation of and success in managing the risks implied by the foregoing. A substantial amount of the Bank’s business involves making loans or otherwise committing resources to specific companies, industries or countries. Unforeseen events affecting such borrowers, industries or countries could have a material adverse effect on the Bank’s financial results, businesses, financial condition or liquidity. These and other factors may cause the Bank’s actual performance to differ materially from that contemplated by forward-looking statements. The Bank cautions that the preceding list is not exhaustive of all possible risk factors and other factors could also adversely affect the Bank’s results, for more information, please see the “Risk Management” section of the Bank’s 2024 Annual Report, as may be updated by quarterly reports.

Material economic assumptions underlying the forward-looking statements contained in this document are set out in the 2024 Annual Report under the headings “Outlook”, as updated by quarterly reports. The “Outlook” and “2025 Priorities” sections are based on the Bank’s views and the actual outcome is uncertain. Readers should consider the above-noted factors when reviewing these sections. When relying on forward-looking statements to make decisions with respect to the Bank and its securities, investors and others should carefully consider the preceding factors, other uncertainties and potential events.

Any forward-looking statements contained in this document represent the views of management only as of the date hereof and are presented for the purpose of assisting the Bank’s shareholders and analysts in understanding the Bank’s financial position, objectives and priorities, and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropriate for other purposes. Except as required by law, the Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on its behalf.

Additional information relating to the Bank, including the Bank’s Annual Information Form, can be located on the SEDAR+ website at www.sedarplus.ca and on the EDGAR section of the SEC’s website at www.sec.gov.

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SOURCE Scotiabank

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American Rebel Holdings, Inc. (NASDAQ: AREB) Highlights Key Strategic Expansion Initiatives Following Successful Board Meeting and Investor Engagement at Mar-a-Lago

Nashville, TN, May 01, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Light Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), highlights key strategic decisions reaffirmed and ratified during its board meeting and investor dinner held April 29, 2025, at Mar-a-Lago in West Palm Beach, FL.

The gathering followed the Company’s unprecedented success as the title sponsor of the American Rebel Light NHRA 4-Wide Nationals April 25 – 27 at the Charlotte Motor Speedway; and brought together senior company management, board members, potential investors, and strategic partners; including Matt Hagan, 4-time World Champion NHRA Funny Car driver and American Rebel Light Beer brand ambassador, and Mark Elenowitz, Managing Director of Digital Offering, a pioneer in Regulation A+ IPOs and offerings.

“The Mar-a-Lago event brought together our leadership, potential investors and key partners for a forward-looking conversation on how to best scale our vision,” said Andy Ross. “With the guidance of capital market and investment banking industry leaders like Mark Elenowitz and the passion of brand ambassadors and true American Rebels like Matt Hagan, we are more confident than ever in our ability to grow American Rebel into a household name among patriotic Americans.”

Reflecting on the Mar-a-Lago event, Ross added, “The setting at Mar-a-Lago was the perfect venue for these types of strategic business discussions. Surrounded by esteemed investors and partners, the atmosphere was both inspiring and conducive to aligning our vision for American Rebel Holdings as America’s next big success story.”

American Rebel Light Beer: Acceleration of National Expansion

American Rebel management reported to the board that American Rebel Light Beer is expanding its distribution footprint at a rapid pace and that management was seeking guidance from the board to further accelerate its nation-wide rollout, seizing on market momentum and opportunity. The board endorsed accelerating the nation-wide rollout as a priority to establish American Rebel Light as the next national premium domestic light lager beer. American Rebel management expects to have several announcements of the addition of new states to its distribution network over the next few weeks.

Strategic Growth and Market Positioning of America’s Fastest Growing Beer

American Rebel Light Beer is rapidly expanding its distribution, and management is seeking to accelerate its nationwide rollout. The board fully supports this expansion as a priority to position the beer as a national premium brand. Additionally, the board reaffirmed the company’s targeted distributor expansion plan for the remainder of 2025 and discussed allocating additional resources to fully capitalize on relationships and opportunities within motor sports.

Motor Sports: A High-Impact Opportunity for American Rebel

Motor sports present a significant opportunity for American Rebel Beverages and American Rebel Light Beer to increase brand visibility and consumer engagement. With a passionate fan base and high-profile events, motor sports provide an ideal platform for marketing and sponsorship initiatives. Leveraging strategic partnerships within the industry, American Rebel Light Beer can establish itself as a preferred beverage among racing enthusiasts, teams, and event attendees.

Portfolio Expansion of America’s Patriotic Brand: Acquisition and Licensing Opportunities

American Rebel’s board encouraged management to continue evaluating potential acquisitions that could enhance the company’s enterprise value and expand the reach of America’s Patriotic Brand. CEO Andy Ross has frequently expressed his vision of broadening the American Rebel product line beyond beverages, envisioning a future where the brand encompasses grills, knives, tools, motor oil, and other complementary products. His goal is to create a household name synonymous with rugged American spirit, where consumers instinctively choose American Rebel-branded products for everyday needs.

As America’s Patriotic Brand, we are actively evaluating several licensing categories and acquisition opportunities that align with our brand, mission, and strategic growth plans. By identifying partnerships that reinforce our core values and extend our product offerings, we aim to build a portfolio of trusted American Rebel products that resonate with our customers. “I want Susie to go up to mom and say ‘Mom, what’s Dad want for Father’s Day’ and she says, ‘Honey, anything with American Rebel on it,’” said Andy Ross.

About American Rebel Light Beer

Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a premium domestic light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God Fearing, Constitution Loving, National Anthem Singing, Stand Your Ground Beer.

American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers. For more information follow American Rebel Beer on all social media platforms (@americanrebelbeer).

About American Rebel Holdings, Inc.

American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebel.com and americanrebelbeer.com. For investor information, visit americanrebelbeer.com/investor-relations.

American Rebel Holdings, Inc.

[email protected]



[email protected]

Media Contact:

Matt Sheldon
[email protected]

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our strategic planning, marketing outreach efforts, actual placement timing and availability of American Rebel Beer, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

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