Market Newsdesk

PITTSBURGH
, March 10, 2025 /PRNewswire/ — Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend. The fund seeks to provide investors with current dividend income that is exempt from regular federal income tax. In addition, this fund features income exempt from the federal alternative minimum tax (AMT).

Investors can view additional portfolio information in the Products section of FederatedHermes.com/us.

Federated Hermes, Inc. (NYSE: FHI) is a global leader in active investment management, with $829.6 billion in assets under management, as of Dec. 31, 2024. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 10,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com/us.

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SOURCE Federated Hermes, Inc.

MIAMI
, March 10, 2025 /PRNewswire/ — Safe and Green Development Corporation (NASDAQ: SGD) (the “Company”) today announced that its Board of Directors (the “Board”) has declared from its treasury a stock dividend for shareholders of 0.05 shares of common stock for each outstanding share of the Company’s common stock held by shareholders as of the close of business on April 7, 2025. This equates to receiving one (1) additional share for every twenty (20) shares held, with any fractional shares to be settled in cash.

“We’re pleased to reward our shareholders with this dividend as we continue executing on our long-term strategy,” said David Villarreal, Chief Executive Officer of the Company.

The stock dividend will be distributed after close of trading on April 22nd, 2025. Trading is expected to begin on a stock dividend-adjusted basis at market open on April 23^rd, in 2025. Cash will be distributed in lieu of fractional shares based on the opening price of a share of common stock on April 8, 2025.

About Safe and Green Development Corporation (SG Devco)

Safe and Green Development Corporation is a real estate development company. Formed in 2021, it focuses primarily on the direct acquisition and indirect investment in properties nationally that will be further developed in the future into green single or multi-family projects. Additionally, a wholly owned subsidiary of SG DevCo, Majestic World Holdings LLC, is a prop-tech company that has created a real estate AI Platform the Company integrates to strategically increase the margins on homes sold by facilitating mortgage services and down payment assistance. MyVONIA Innovations LLC, a wholly own subsidiary, is the owner of MyVONIA which is an AI-powered personal assistant designed to help simplify daily tasks and improve productivity for individuals and businesses.

Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All statements other than statements of historical fact are or may be deemed to be forward-looking statements. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates” and similar expressions and include statements regarding continuing to execute on the Company’s long-term strategy, the timing of the distribution of the stock dividend, when trading is expected to begin on a stock dividend-adjusted basis, using Majestic World Holdings LLC’s real estate AI Platform to strategically increase the margins on homes sold by facilitating mortgage services and down payment assistance and MyVONIA simplifying daily tasks and improve productivity for individuals and businesses.

These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, and expected future developments, as well as other factors we believe are appropriate in the circumstances. Important factors that could cause actual results to differ materially from current expectations include, among others,  the Company’s ability to execute on its long-term strategy, the Company’s ability to distribute the stock dividend as planned, the Company’s ability to use Majestic World Holdings LLC’s real estate AI Platform to strategically increase the margins on homes sold by facilitating mortgage services and down payment assistance, MyVONIA’s ability to simplify daily tasks and improve productivity, and other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and its subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.

For investor relations and media inquiries, please contact:

Barwicki Investor Relations
[email protected]
516-662-9461

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SOURCE Safe and Green Development Corporation

ROLLING MEADOWS, Ill.
, March 10, 2025 /PRNewswire/ — Arthur J. Gallagher & Co. today announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers, Inc., dba Philinsure, following a minority investment in the business. Terms of the transaction were not disclosed.

Philinsure is a commercial insurance and reinsurance broker serving clients across the Philippines from its headquarters in Cebu City and other offices in greater Manila and Davao City. Gordon “Dondi” Joseph and his team will remain in their current locations under the direction of Sarah Lyons, head of retail property/casualty brokerage operations for Gallagher in Australia and Asia.

“With a strong record of growth and a culture like our own, Philinsure provides a fantastic opportunity to expand our retail brokerage capabilities in Asia,” said J. Patrick Gallagher, Jr., Chairman and CEO. “I am very pleased to welcome Dondi and his associates to our growing, global family of Gallagher professionals.”

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

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SOURCE Arthur J. Gallagher & Co.

TORONTO
, March 10, 2025 /PRNewswire/ — Recently, Visionary announced that it will make a major foray into the new energy vehicle industry and build a unique integrated industrial ecosystem of “vehicle-station-power-cloud-research-finance”. It is committed to creating a new industry landscape in the new energy vehicle track and promoting the sustainable development of the industry.

In the construction of the industrial ecosystem model, Visionary takes new energy vehicles as the core and comprehensively lays out the upstream and downstream of the industrial chain. In the vehicle manufacturing and sales segment, Visionary plans to carry out in-depth cooperation with Magna Group, the largest auto parts manufacturer in North America, and Skyworth Group in China. Through introduction or joint research and development, it will launch new energy vehicle models that meet the market demands of Hong Kong and Southeast Asia. The policies in Hong Kong strongly support the development of new energy vehicles, and the Southeast Asian market has huge potential. This strategic layout will contribute to the widespread popularization of new energy vehicles.

The layout of the battery swap station network is a crucial part of the industrial ecosystem. Visionary will join hands with professional battery swap enterprises in China to scientifically plan the location of battery swap stations according to the geographical characteristics and traffic flow in Hong Kong. Adopting standardized design and construction can not only improve the battery swap efficiency but also effectively reduce the construction cost, creating an efficient and convenient battery swap network to provide strong support for new energy vehicle users.

The management of the full life cycle of batteries has also been put on the important agenda. Visionary will cooperate with leading battery enterprises to establish a battery bank to achieve standardized and digital management of batteries. Every link, from battery procurement, use to recycling, will be finely controlled, aiming to improve the utilization efficiency and value of batteries. At the same time, a distributed energy storage system will be built to help the stable operation of the power grid and promote the efficient use of energy.

To achieve intelligent operation, Visionary will also build an intelligent cloud platform. This platform will integrate the data of vehicles, users, and battery swap stations, and optimize battery swap services, vehicle dispatching, and battery management through data analysis. This can not only provide users with a personalized service experience but also provide a strong basis for enterprise decision-making and improve the overall operation efficiency.

Scientific research and innovation are the core driving forces for industrial development. Visionary will collaborate with experts and professors from the University of Toronto in Canada and other world-renowned universities to carry out industry-university-research cooperation. Focusing on key fields such as battery technology, intelligent driving, and vehicle networking for research and development, it will promote technological innovation and the transformation of achievements, enhance the core competitiveness of the industry, and ensure a leading position in the industry.

Financial services are also indispensable in the industrial ecosystem. Cooperating with the world-famous consortium OZTURK HOLDING, Visionary plans to launch services such as financial leasing of new energy vehicles and battery financial leasing, providing low-interest loans for vehicle buyers to relieve their financial pressure. At the same time, it will provide comprehensive financial support for industrial development and improve the financial service system of the industrial ecosystem.

To ensure the smooth operation of the industrial ecosystem, Visionary has formulated a series of practical solutions. In terms of technology integration, it will integrate the technical resources of all parties. Intelligent driving technology will be introduced in vehicle manufacturing, automated battery swap equipment will be used in battery swap stations, advanced monitoring technology will be applied in battery management, and the cloud platform will achieve secure and efficient data transmission and processing, comprehensively improving the intelligent level of the industry.

In terms of operation management, a unified operation management system will be established, and standardized operation processes and service specifications will be formulated. Information technology will be used to monitor all links in real time, optimize resource allocation, improve operation efficiency and service quality, and provide a solid guarantee for the stable development of the industry.

In terms of market promotion, local media, social platforms, and offline activities will be utilized to vigorously publicize the advantages of new energy vehicles and the convenience of the battery swap mode.

The new energy vehicle industrial ecosystem constructed by Visionary covers multiple fields, including technology research and development, production and manufacturing, market promotion, and financial services. All links cooperate with each other, forming a complete closed-loop ecosystem. This innovative model not only conforms to the current trend of green development but also provides new ideas and directions for the development of the new energy vehicle industry. With the gradual improvement of the industrial ecosystem, Visionary is expected to achieve remarkable achievements in the new energy vehicle field and make positive contributions to promoting the development of the industry.

For more information, please contact:

Visionary Holdings Inc.
Investor Relations Department
Email: [email protected]

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SOURCE Visionary Holdings Inc

DALIAN, China
, March 10, 2025 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy”, or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2024 on Monday, March 17, 2025, before the U.S. market opens. The earnings results will be available on the Company’s Investor Relations website, and will be filed with the Securities and Exchange Commission on a Form 8-K.

CBAK Energy’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, March 17, 2025 (8:00 PM Beijing/Hong Kong Time on March 17, 2025).

For participants who wish to join our call online, please visit:

https://edge.media-server.com/mmc/p/wwi4b3cb

Participants who plan to ask questions at the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin and an email with detailed instructions.

Participant Online Registration: https://register.vevent.com/register/BI71c592a6d5ad484abebbdb4a1710f229

Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.

A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/wwi4b3cb

About CBAK Energy
CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit ir.cbak.com.cn.

Safe Harbor Statement
This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks.  There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company’s products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

For further inquiries, please contact:

In China:
CBAK Energy Technology, Inc.
Investor Relations Department
Email: [email protected]

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SOURCE CBAK Energy Technology, Inc.

New partnerships with Beken and Robopoet showcase the future of interactive toys and connected devices

SANTA CLARA, Calif.
, March 10, 2025 /PRNewswire/ — Agora, Inc. (NASDAQ: API), a global leader in real-time engagement solutions, is expanding into AI-powered robotics and interactive toys with its new ConvoAI Device Kit. This breakthrough solution—developed in partnership with chip-maker Beken—delivers an all-in-one toolkit that empowers developers and manufacturers to create intelligent, voice-driven interactions for next-generation conversational AI in smart devices.

The ConvoAI Device Kit integrates Beken’s high-performance AI chip modules with Agora’s Conversational AI technology, enabling ultra-low latency voice interactions, intelligent dialogue processing, and seamless real-time communication. This innovative solution is designed to make AI-driven devices, toys, and robots more interactive, intuitive, and emotionally responsive.

“Conversational AI is key to making robots and AI-driven toys truly interactive, engaging, and intuitive,” said Tony Zhao, CEO of Agora. “By integrating Agora’s technology into Beken’s chips, IoT toymakers like Robopoet will transform entertainment, education, and emotional support by enabling more natural conversations, adaptive learning, and personalized interactions that evolve with the user over time.”

As part of this expansion, Agora is proud to power Robopoet’s latest AI companion robot, Fuzzoo, unveiled at Mobile World Congress (MWC) last week. Designed to redefine emotional wellness, Fuzzoo is an AI-powered emotional companion that listens, senses, and responds in real time. Robopoet’s Multimodal Emotion Model (MEM) leverages Agora’s ConvoAI Device Kit to offer personalized support and foster emotional connection.

“Agora’s AI technology enables toys and robots to interact in a way that feels natural and engaging,” said Yuna Pan, Co-Founder and CTO of Robopoet. “With real-time voice processing, emotional AI, and advanced speech capabilities, Agora makes seamless human-machine interaction possible and ensures exceptional performance and reliability.”

Agora’s AI device solution can be used for:

• Educational AI toys that support STEM learning, coding, and problem-solving
• Companionship devices designed for emotional interaction and support
• Interactive play toys with conversational AI voice and touch interactivity
• Smart home devices with advanced voice AI agents
• AI-powered wearables featuring smart AI voice interaction

Agora’s solution enables device makers to directly integrate AI into their devices with its Edge Chip partnership with Beken. “With Agora’s conversational AI technology and our optimized AI hardware, we’re enabling the next generation of devices to think, respond, and interact naturally,” said Pengfei Zhang, CEO of Beken. “We are excited to usher in the future of robotics and toys, ones that can react to the environment around them and interact fluently with users.”

On-device conversational AI often faces challenges such as background noise affecting speech recognition, latency disrupting natural conversations, and rigid AI models limiting adaptability. Agora’s Conversational AI technology overcomes these obstacles with advanced voice activity detection (VAD), real-time speech synthesis, and intelligent interruption handling, allowing for smooth and responsive interactions.

These initiatives underscore Agora’s vision of intelligent, responsive devices capable of real-time, human-like interactions. With cutting-edge speech recognition and the ability to connect any AI model and any voice, Agora is shaping the next generation of AI-powered devices. Learn more about Agora’s ConvoAI Device Kit here: https://www.agora.io/en/products/convoai-device-kit/

About Agora
Agora is the global leader in real-time engagement, providing developers with simple, flexible, and powerful APIs to embed real-time conversational AI, voice, video, interactive live streaming, and chat into their applications and IoT devices. Headquartered in Santa Clara, CA, Agora is trusted by over 1,700 leading organizations across the globe to power best-in-class real-time experiences from social media and live shopping to education and telehealth. For more information about Agora (NASDAQ: API), visit: www.agora.io

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SOURCE Agora

The 21SEEDS x Question Everything Shot Callers Game combines hilarious thought-provoking questions and effortless cocktails to create connections and meaningful memories

NEW YORK
, March 10, 2025 /PRNewswire/ — Today 21SEEDS, the award-winning, female-founded infused tequila brand, announces Shot Callers, a conversation card game created with E! and NBC media personality Danielle Robay, host of Hello Sunshine’s The Bright Side and Question Everything. Launched in celebration of Women’s History Month, and inspired by Danielle’s popular Question Everything game that she frequently plays with her notable female guests on her podcast, Shot Callers invites friends to gather and share ideas, spark thoughtful conversation, and make connections over 21SEEDS cocktails.

The launch is timed for Women’s History Month as a celebration of women supporting women and calling the shots—just like the brand’s founders Kat Hantas, Nicole Hantas-Emmanuel, and Sarika Singh, along with Danielle Robay and the many incredible female fans of 21SEEDS.

A OnePoll study found that 72% of Americans see time with friends as much-needed therapy sessions. Anthem also highlights that doing something silly together, like playing games, helps strengthen adult relationships. This game was created by and for women to foster deeper connections and forge lasting female friendships in a fun and meaningful way.

“My whole career is based on harnessing the power of conversation through intriguing questions and elevating women in business,” said Danielle Robay. “I’ve long loved 21SEEDS as a female-founded brand created to enjoy with friends. It was a no-brainer to partner on a game together to bring laughter, discussion, and fun to a night with effortless cocktails.”

The brightly colored Shot Callers playing cards representing the three varietals of the industry-leading infused tequila – Valencia Orange, Cucumber Jalapeño, and Grapefruit Hibiscus – incite conversation with hilarious prompts bound to create endless fun at home. Shot Callers empowers all players to be ready to call the shots in every aspect of their lives.

Players can expect 49 questions and prompts that include:

• Share your most embarrassing or hilarious dating story
• What celebrity’s closet would you love to raid?
• What’s the most important lesson you’ve learned in the past 5 years?

“We know that 21SEEDS fans love to catch up and bond with friends over our easy-to-make cocktails like our Spicy Seed Margarita or Paloma, so we created Shot Callers to spark that experience,” said Adrienne Cuschieri, Brand Director of 21SEEDS. “21SEEDS makes cocktail-making effortless, so our fans can focus on making memories with friends.”

The 21SEEDS x Question Everything Shot Callers game is available at participating accounts serving 21SEEDS and on 21SEEDS.com.

For more information about 21SEEDS Infused Tequila, and to grab a bottle of 21SEEDS in their three varietals Cucumber Jalapeño, Grapefruit Hibiscus, and Valencia Orange (SRP $32.99), please visit the brand’s official Instagram profile @21seeds or 21SEEDS.com.

21SEEDS encourages all 21+ consumers to enjoy their easy-to-mix cocktails responsibly.

About 21SEEDS Infused Tequila 
21SEEDS Infused Tequila was founded in 2019 by visionary female entrepreneurs Kat Hantas, Nicole Hantas-Emanuel, and Sarika Singh. Driven by a desire for a smooth, flavor-rich spirit that marries simplicity with unparalleled taste, 21SEEDS has emerged as an award-winning tequila infused with real fruit juice. The brand stands as a beacon of diversity, inclusivity, and unbridled joy, inviting individuals worldwide to gather, connect, and create indelible memories with exceptional 21SEEDS cocktails crafted for every occasion.

About Diageo 
Diageo is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, Bulleit and Buchanan’s whiskies, Smirnoff, Cîroc and Ketel One vodkas, Casamigos, DeLeon and Don Julio tequilas, Captain Morgan, Baileys, Tanqueray and Guinness.

Diageo is listed on both the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange (LSE: DGE) and their products are sold in more than 180 countries around the world. For more information about Diageo, their people, brands, and performance, visit www.diageo.com. Visit Diageo’s global responsible drinking resource, www.DRINKiQ.com, for information, initiatives, and ways to share best practice. Follow on Twitter and Instagram for news and information about Diageo North America: @Diageo_NA.

PRESS CONTACT
Factory PR
[email protected]

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SOURCE 21SEEDS