Category Archives: News

EUCLYD Raises Over €200 Million to Break the AI Efficiency Wall

Financing accelerates development of ultra-efficient infrastructure for foundation AI models

EINDHOVEN, Netherlands, Sept. 15, 2026 /PRNewswire/ — EUCLYD has signed a Series A financing round of more than €200 million, the company announced today. The round is co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, which is managed by EQT, and Innovation Industries, with participation from EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter Wennink, former President & CEO of ASML, joins EUCLYD as Chairman of the Board.

As foundation models grow more capable, deploying them requires more power, memory bandwidth, and capital while adding infrastructure complexity. EUCLYD is developing a platform spanning crafted compute, innovative memory architecture, and datacenter systems to break this efficiency wall and transform AI inference economics.

EUCLYD’s long-term vision is Abundant Intelligence: a future in which advanced AI is no longer constrained by infrastructure cost, power availability, or geography. Founded by Bernardo Kastrup and Atul Sinha at High Tech Campus Eindhoven, Europe’s smartest square kilometer, EUCLYD draws on the campus’s semiconductor ecosystem and Europe’s engineering heritage.

At the center of EUCLYD’s roadmap are craftwerk, the world’s first agentic AI silicon, and craftwerk station CWS, the world’s lowest-power exascale AI factory. The platform combines programmable ASIC compute, processor-memory co-design, and system-level optimization to overcome the memory and efficiency walls limiting AI performance and scalability.

“AI is becoming a foundation of economic growth, scientific discovery, and national competitiveness, but its potential will remain constrained unless we fundamentally change the infrastructure beneath it,” said Bernardo Kastrup, Founder and Chief Executive Officer of EUCLYD. “This financing accelerates our mission to make intelligence abundant through greater efficiency, lower cost per token, and broader access to advanced AI.”

“The next phase of AI will be defined not only by model innovation, but also by the efficiency and scalability of its infrastructure,” said Dede Goldschmidt, Senior Vice President of Samsung Electronics and Head of the Samsung Semiconductor Innovation Center. “EUCLYD combines an accomplished team with a differentiated vision addressing constraints in AI datacenters.”

“Europe has the engineering talent to produce globally significant technology companies,” said Ted Persson, Partner at EQT and Co-Head of the Scaleup Europe Fund. “EUCLYD combines deep semiconductor expertise with a mission to tackle some of the hardest constraints in AI infrastructure. That mix of European engineering depth and global ambition is what we’re here to back.”

“Europe possesses world-class capabilities across semiconductors, advanced manufacturing, and systems engineering,” said Peter Wennink, Chairman of the Board of EUCLYD and former President and Chief Executive Officer of ASML. “EUCLYD can transform those strengths into a globally competitive AI infrastructure platform.”

The financing will expand EUCLYD’s engineering organization, accelerate its silicon and systems roadmap, strengthen ecosystem partnerships, and prepare the company for commercial deployment across enterprise, sovereign, and hyperscale AI markets.

ABOUT EUCLYD

EUCLYD is a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models. Its roadmap spans agentic AI silicon, advanced memory architecture, and datacenter systems engineered to reduce cost, energy use, and footprint. EUCLYD is headquartered in Eindhoven, the Netherlands.

https://euclyd.ai/

MEDIA CONTACT

Catchfire

EuclydPR@catchfire.co

NOTES TO EDITORS

Investor Information

About the Scaleup Europe Fund, managed by EQT

The Scaleup Europe Fund, managed by EQT, is a commercially driven alternative investment fund backing ambitious European technology companies with the potential to become global leaders. Targeting €5 billion, the Fund brings together public and private capital and invests across Deeptech, AI and Life Sciences.

EQT is a global investment organization with a Nordic heritage and more than three decades of experience developing companies. With €341 billion in total assets under management, EQT invests across the full lifecycle of companies, from start-up to maturity.

About Somerset Capital Partners

Somerset Capital Partners was founded in 2005 by Joes Daemen and pursues a long-term, multi-asset investment strategy. We invest both directly and indirectly across a diverse range of sectors, including technology, real estate, strategic land, data centres, consumer, and healthcare.

We partner with ambitious entrepreneurs and founders, recognising that transformative ideas require capital, conviction, and time. Therefore, we are committed to fostering enduring and impactful long-term relationships.

About Innovation Industries

Innovation Industries is a leading European Deep tech venture capital firm with €1 billion in capital under management. The firm invests in visionary science and engineering-based companies that tackle the world’s most pressing challenges. With a strong belief that Deep tech can deliver both outsized financial returns and global impact, Innovation Industries partners with exceptional entrepreneurs and researchers to turn scientific breakthroughs into transformative companies. The firm provides long-term capital and strategic support from lab to scale, actively bridging the gap between academia and industry through close collaboration with leading technical universities, research institutions and industry partners. Innovation Industries has offices in Amsterdam, Eindhoven and Munich.

About EIFO 

As Denmark’s national promotional bank and official export credit agency, EIFO works to open doors for global business, drive the green transition, advance innovative technologies, and contribute to Denmark’s security.

With total commitments exceeding EUR 24 billion and activities in more than 100 countries, EIFO provides financial solutions to Danish companies and their global partners.

EIFO is also Denmark’s most active venture investor, investing in startups and VC-funds. In 2025, EIFO made 31 new investments in companies and 15 in funds. Altogether, EIFO has an investment portfolio of just over EUR 2,7 billion.

About imec.xpand

imec.xpand is one of the world’s largest independent venture capital funds dedicated to early-stage semiconductor innovation. It targets ambitious startups where the knowledge, expertise and infrastructure of imec, the world-renowned semiconductor and nanotechnology R&D center, can play a determining role in their growth. imec.xpand has an outspoken international mindset towards building disruptive global companies and strongly believes that sufficient funding from the start is key to future success.

About Brabant Development Agency

Entrepreneurship is the driver of innovation – from sustainable food sources to a healthy future, climate-neutral energy, and developing promising key technologies. The Brabant Development Agency (BOM) ensures that startups playing a role in these fields receive the right support and funding to get off to a solid start and grow into scaleups, and that companies that aspire to go global can actually do so. BOM is an executive body of the Province of Brabant and the Ministry of Economic Affairs and Climate.

About Quadri

Quadri is a venture capital firm investing in category-defining companies across Enterprise AI, Physical AI, and AI Infrastructure. With offices in London and New York, we leverage our global enterprise network to accelerate commercial adoption and international expansion. For more information, visit quadri.vc.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/euclyd-raises-over-200-million-to-break-the-ai-efficiency-wall-302878043.html

Executive Palace’s Ganesh Chaturthi Celebrations Showcase ‘Parivartan – Towards a Developed Bengal’

Speaking on the occasion, Mr. Ankit Agarwal, Secretary, Executive Palace Apartment Owners’ Association, said: “The essence of our theme ‘Parivartan – Towards a Developed Bengal with a Double Engine Government’ is to showcase the journey from challenges to possibilities and to express our aspiration for a Bengal that is progressive, confident, secure and full of opportunities. Through our artistic presentation, we have tried to portray how development can transform the everyday lives of people – from better connectivity and modern infrastructure to industrial growth, employment opportunities, planned urban development and stronger governance. Our 10×10-foot 3D wall takes this message further by presenting a visual contrast between the Bengal we have experienced and the Bengal we aspire to see. Parivartan, for us, is not merely a change in circumstances; it represents a change in direction, mindset and possibilities. Through this celebration, we wanted to combine faith and art with a larger message of hope – that Bengal can move forward with greater confidence, development and opportunity.”

DongCheng Company Hosts 2026 Online Product Launch Events, Unveiling Multi-Scenario Solutions for Construction, Metalworking, Woodworking and Home Renovation

SHANGHAI, Sept. 15, 2026 /PRNewswire/ — In August, DongCheng, DCA and DCK, three power tool brands under DongCheng Company, held separate online product launch events, each livestreamed globally through its official Facebook page and YouTube channel. The events showcased a comprehensive portfolio of power tools and application-focused solutions to address diverse needs across construction, metalworking, woodworking and home renovation.

Each launch event combined real-world demonstrations with immersive 3D virtual scenes, highlighting key product features, performance capabilities and practical applications. Mr. Gu Zhiping, Chairman of DongCheng Company, delivered the opening remarks, followed by product presentations and live demonstrations led by product engineers and managers.

Each brand introduced a new product lineup reflecting its distinct market positioning:

DongCheng, with over 30 years of experience in the professional power tool industry, launched a new product series under the theme “Unmatched Power, Ironclad Quality”, covering impact wrenches, rotary hammers, angle grinders and drills.

DCA, focused on reliable jobsite performance, introduced a new product series under the theme “Professional Grade, Reliable Performance”, featuring core applications for construction, metalworking, woodworking and home renovation.

DCK, dedicated to heavy-duty professional applications, introduced a new product lineup alongside a new series of battery packs under the theme “Built for Rigor, Mastered with Ease”. The new lineup covers 12V, 20V and 40V lithium platforms.

For construction and metalworking, the new products address practical needs across steel structure installation, factory operations and building sites—covering fastening, cutting, grinding, and drilling for a range of professional applications.

For woodworking and home renovation, the new products address a range of applications, including custom furniture making and precision joinery. They support diverse tasks ranging from precision assembly to heavy-duty installation, with an emphasis on portability, operational flexibility and precise control.

This series of launches not only showcases the three brands’ continued product innovation, but also reflects their ongoing commitment to addressing users’ real-world needs. By continuously enhancing product performance and user experience, the brands strive to deliver more efficient and reliable solutions for users across a wide range of applications.

DongCheng Company continues to deepen its expertise in the power tool industry, drawing on a deep understanding of practical working conditions and diverse user needs. Guided by actual applications, the company drives product innovation and provides efficient, flexible and reliable power tool solutions.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/dongcheng-company-hosts-2026-online-product-launch-events-unveiling-multi-scenario-solutions-for-construction-metalworking-woodworking-and-home-renovation-302878342.html

Air India to Launch India’s First UATP Corporate Travel Program, Deploying UATP Accounts for Businesses and Travel Agencies

New partnership will enable companies and travel agencies to manage airline travel payments through a centralized account, improving visibility, reconciliation, reporting, and payment efficiency while creating new growth opportunities for Air India

WASHINGTON, Sept. 15, 2026 /PRNewswire/ — UATP, the global network enabling organizations to simplify payment processes and expand their payment capabilities, has announced that Air India will become the first airline in India to offer UATP accounts to its customers. Through the initiative, businesses and travel agencies will be able to purchase Air India travel using a centralized UATP account instead of multiple individual payment methods, making it easier to manage travel spending, track transactions, reconcile accounts, and access detailed reporting.

The program will provide greater efficiency, transparency and control for corporate customers and travel agency partners, while helping Air India strengthen its distribution capabilities, improve payment processes, and support the growing demand for business travel in India.

The agreement, which will be formally announced in the coming months, builds on UATP’s growing presence in India. This marks the next stage of UATP’s expansion in one of the world’s fastest-growing aviation markets.

“India is a market of significant strategic importance to UATP, and Air India is the ideal partner as the first airline offering UATP in the region,” said Ralph A. Kaiser, President and CEO of UATP. “By partnering with Air India, establishing UATP India Private Ltd. in Mumbai and developing a settlement solution for Indian currency, we are building the foundation for a successful program across India’s travel sector.”

India is one of the world’s largest aviation markets, with aviation supporting 7.7 million jobs and 1.5% of GDP. UATP’s market whitepaper, Opportunity in India: Commercial Aviation, Payments, and Growth on the Subcontinent, cites research projecting growth in digital payment transactions from 159 billion in FY2023-24 to 481 billion by FY2028-29.

Designed to support both Air India and its agency partners, the program provides a modern payment framework that centralizes processes, improves reporting accuracy, streamlines reconciliation, and increases transparency across the payment lifecycle. The initiative advances Air India’s strategic priorities of reducing costs, mitigating risk, and optimizing distribution performance.

“Through UATP, we are empowering our travel agency partners with a modern payment solution that improves efficiency, visibility, and control across the payment process,” said Nipun Aggarwal, Chief Commercial Officer at Air India. “As the travel market continues to expand, this program strengthens collaboration with our agency community and delivers a differentiated payment offering that benefits the entire travel ecosystem.”

When the UATP-Air India program goes live in the coming months, Air India will be able to expand payment options for businesses and business travelers in India, while creating new opportunities to grow its core travel business.

Since its privatization in 2022, Air India has been undergoing a comprehensive transformation spanning fleet renewal, new cabin products, digital transformation, operational enhancements, and elevated customer experience initiatives. The airline has placed record orders for 600 aircraft, introduced new and retrofitted cabin products, expanded its global network, enhanced on-board offerings, and invested significantly in technology platforms to deliver a more seamless travel experience.

For more information about the partnership between UATP and Air India, or to speak with a UATP executive, please contact Wendy Ward at wendy.ward@uatp.com.

ABOUT UATP

UATP is the global payment network simplifying payments in complex industries. We make it easy for businesses to accept or make any type of payment, open new markets, drive growth, and reduce costs for Network Participants, vendors, agents, aggregators, and more. UATP is continually innovating to connect companies to new forms of payment (AFPs), and our easy-to-use data tools, DataStream® and DataMine®, provide comprehensive account details to Customers and their Corporate Account Holders. Our team has decades of experience with the ever-changing payments landscape, and our reliable and proven technology ensures our global customers get more from every payment experience. Learn more at uatp.com.

Accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies, and Amtrak®; UATP accounts are deployed by: Aeromexico; AERTiCKET; Air Canada (TSE: AC); Air China; Air India; Air New Zealand (ANZFF.PK); Air Niugini; Akbar Travels; American Airlines (NASDAQ: AAL); APG Airlines; APG Pay; Austrian Airlines; BCD Travel; China Eastern Airlines; ConnexPay; Delta Air Lines (NYSE: DAL); EL AL Israel Airlines; Ethiopian Airlines; Etihad Airways; Fareportal; Flight Centre Travel Group; Frontier Airlines; GOL Linhas Aereas inteligentes S.A. (Bovespa: GOLL4); Hahn Air; High Point Travel; Hopper; Japan Airlines (9201:JP); JetBlue Airways; LATAM Airlines; MakeMyTrip; Perk Platform S.L.U.; Qantas Airways (QUBSF.PK); SEB Kort, Germany (“AirPlus”); Shandong Airlines; Sichuan Airlines; Southwest Airlines; Sun Country Airlines; TUIfly GmbH; Turkish Airlines (ISE: THYAO); United Airlines (NASDAQ: UAL); Wego; WestJet; Wings Global Travel and W2 by GO7.

About Air India Group

The Air India Group – comprising full-service global airline, Air India, and value carrier, Air India Express – is spearheading a new era of Indian aviation. The Air India story began in 1932 when JRD Tata piloted the airline’s inaugural flight and opened the skies for aviation in India. Today, Air India Group employs more than 30,000 people, operates over 300 aircraft and carries travellers to 60 domestic and 51 international destinations across five continents.

Returning to Tata Sons in 2022 following 70 years under Government ownership, Air India Group is in the midst of a five-year transformation program, Vihaan.AI. As part of the transformation, Air India has placed orders for 600 new aircraft. In addition to taking new aircraft deliveries, Air India is progressively retrofitting all its legacy aircraft.

The Air India Group operates South Asia’s largest aviation training academy in Gurugram, India. The construction of a new flying school and a greenfield maintenance base is in progress. With transformation underway across all facets of the business and India’s rich legacy of hospitality, Air India is committed to being a world class global airline with an Indian heart.

For more news on Air India, visit http://www.airindia.com/newsroom.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/air-india-to-launch-indias-first-uatp-corporate-travel-program-deploying-uatp-accounts-for-businesses-and-travel-agencies-302878369.html

From Asia to the World: Coda Expands Global Commerce With Forter

The expanded partnership strengthens Coda’s fraud protection as it scales across new markets and payment methods.

SINGAPORE, Sept. 15, 2026 /PRNewswire/ — Coda, a global leader in digital content monetization and distribution, is expanding its partnership with Forter, the Trust Intelligence Platform for the future of commerce, to new markets. The expansion follows Coda’s initial success with Forter’s 3D Secure (3DS) optimization, which delivered a 20% revenue uplift over the course of 18 months in key markets, such as the USA, recovering revenue that could otherwise have been lost to checkout friction.

As artificial intelligence, new payment methods and cross-border transactions reshape digital commerce, trust is becoming increasingly important infrastructure for international growth. Coda uses Forter’s Fraud Management and Payment Optimization solutions powered by its leading commerce network and patented identity-linking capabilities to identify trustworthy customers, maximize authorization rates, reduce payment costs, and eliminate friction across every checkout interaction. By sharing enriched identity and risk signals directly with banks and card networks, applying AI-driven 3DS authentication only when and where it improves outcomes, and routing every transaction to the best-fit processor in real time, Forter gives merchants the precision to approve more real customers while delivering a seamless checkout experience for trusted customers every time.

Online games, apps and digital content present distinct fraud and abuse challenges. Products such as in-game currency, vouchers and digital content can be delivered, transferred or resold almost instantly. Many consumers also complete purchases as guests, providing fewer traditional identity signals and making it more difficult to distinguish legitimate customers from fraudulent actors. Forter’s trust intelligence built on the largest commerce identity network recognizing 95%+ of online buyers allows the company to move away from broad, rules-based controls that can create unnecessary friction and instead apply more precise, identity-based decisions.

“Forter has brought more peace of mind to the team. Its ability to detect sophisticated fraud patterns and make trusted decisions at scale gives our team the confidence and capacity to stay ahead of emerging threats and focus on broader network-level risk,” said Jonathan Acher, Lead Product Manager, Fraud at Coda.

“Asia has become one of the world’s most dynamic centres for digital commerce innovation. As companies founded in this region expand globally, success depends on their ability to build trust across every customer interaction, market and payment method,” said Akash Ranka, Vice President of Commercial at Forter.

“Coda operates in one of the hardest segments to protect — high-volume, low-ticket digital goods transactions where friction kills conversion but fraud kills margin. Forter helps distinguish between the two in real time, so genuine gamers can continue to play and transact while bad actors are blocked.”

Forter’s identity-powered pre-authorisation decisioning gives Coda greater control over how each transaction is managed, allowing them to craft a superior, profitable customer journey with confidence.

About Coda

Coda is a global leader in digital content monetization and distribution. We’re trusted by 300+ publishers—including Activision, Electronic Arts, and Riot Games—to grow their audiences and revenue worldwide. Our out-of-app solutions include Custom Commerce, a fully customizable web store; Codapay, which enables seamless direct payments through a single API integration on publishers’ websites; Codashop, the go-to marketplace for millions of gamers to purchase in-game content; and Distribution, which extends content reach through a network of trusted commerce partners. Founded in 2011, Coda is headquartered in Singapore with a team of 550+ Codans around the globe. Coda recently acquired Recharge, Europe’s leading prepaid payments platform. Coda is backed by Apis Partners, Insight Partners, and Smash Capital, and has been named an APAC High Growth Company (2023) by Financial Times, one of Granite Asia’s NextGenTech 30 (2024), a payments leader on Fortune’s Fintech Innovation Asia list (2024), and listed among The Straits Times Fastest Growing Fintechs (2024). For more on Coda, visit coda.co.

About Forter

Forter delivers AI decisions built for the commerce moments that matter. Powered by a network of 2 billion shoppers, our AI makes instant trust decisions from sign-up to checkout to returns — so every good customer always gets the experience they deserve. Nordstrom, Instacart, Priceline, and nearly 1 million businesses trust Forter to keep the right customers coming back. Zero friction for the customers who matter. No revenue left behind. Learn more at Forter.com.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/from-asia-to-the-world-coda-expands-global-commerce-with-forter-302876905.html

Shanghai Electric Reports 16.6% Revenue Growth in H1 2026 as New Orders Reach CNY 100.39 Billion

Accelerated deployment of green energy and industrial AI technologies, with project progress in European and Middle Eastern markets

SHANGHAI, Sept. 15, 2026 /PRNewswire/ — Shanghai Electric (SEHK: 02727, SSE: 601727) has released its interim results for the first half of 2026. During the reporting period, it achieved operating revenue of CNY 63.332 billion (USD 9.17 billion), up 16.6% year‑on‑year; net profit attributable to shareholders of the listed company reached CNY 970 million (USD 140.49 million), an increase of 18.2%; and new orders totaled CNY 100.39 billion (USD 14.54 billion), marking further progress in energy transition, high‑end intelligent manufacturing, and international expansion.

Sustained momentum across three business pillars, with orders providing long‑term visibility

Shanghai Electric’s Energy Equipment segment posted revenue of CNY 36.558 billion (USD 5.29 billion), up 21.4% year‑on‑year, driven by growth in its wind power and energy storage businesses. The Industrial Equipment segment generated CNY 18.954 billion (USD 2.75 billion) in revenue, a 1.9% increase, as digital and smart technologies reinforced its position in machine tools, elevators, and industrial components. The Integrated Services segment achieved revenue of CNY 10.862 billion (USD 1.57 billion), up 31.5%. The segment continued to strengthen its capabilities in supply chain coordination, customized solutions, and full-lifecycle services.

Of the new orders, Energy Equipment accounted for CNY 64.24 billion (USD 9.30 billion)—including CNY 12.39 billion (USD 1.79 billion) for wind power equipment, CNY 11.44 billion (USD 1.66 billion) for energy storage equipment, CNY 4.57 billion (USD 661.91 million) for nuclear power equipment, and CNY 20.23 billion (USD 2.93 billion) for coal‑fired power generation equipment. New orders for Industrial Equipment and Integrated Services stood at CNY 21.25 billion (USD 3.08 billion) and CNY 14.91 billion (USD 2.16 billion), respectively.

Advancing overseas project expansion and localized operations

During the reporting period, Shanghai Mitsubishi Elevator secured the contract for the Dubai Palm Island Phase II project, supplying 700 high-end elevators and related services.

Marking its first large-scale entry into Europe’s high-end market, Shanghai Electric’s power transmission and distribution business won a contract to supply high- and low-voltage switchgear for a hyperscale data center in Finland.

The company also signed a contract for the Minety Phase II Stonehill Energy Storage Project (50 MW/150 MWh) in the UK, further reinforcing its strategic footprint in the European premium energy storage market.

Shanghai Electric has established a “1+N+6” international business management network, with newly opened regional headquarters in Central Asia, Southeast Asia, and the Middle East and North Africa driving global business synergy and strengthening localized operations across key markets.

Technology- and innovation- driven strategy breaks new ground in green energy and high-end manufacturing

In green fuels, the company’s proprietary “green power + biomass gasification to green methanol” full‑chain technology, validated in Jilin’s Taonan project, has secured the EPC contract for the Lanzhou New Area 100,000‑ton/year biomass green methanol project (Phase I), now under construction.

In new energy and high‑end equipment, the company has mastered key nuclear equipment manufacturing and testing technologies, with offshore wind orders exceeding 2 GW. The company also contributed to the full commissioning of the Huai’an Salt Cavern Compressed Air Energy Storage Project—the world’s largest.

In industrial intelligence, the “SUYUAN 2.0” humanoid robot made its domestic debut, with over 40 AI agents deployed across R&D, production, and maintenance. The SEunicloud Industrial Internet Platform has connected about 1.16 million devices and developed over 60 industry‑specific digital solutions.

Looking ahead, Shanghai Electric will focus on coordination and efficiency, international expansion, and digitalization to advance the high-end, intelligent, green, and integrated development of its businesses.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/shanghai-electric-reports-16-6-revenue-growth-in-h1-2026-as-new-orders-reach-cny-100-39-billion-302877421.html

Sullivan & Cromwell Opens Office in ADGM

Ahmed T. el-Gaili Rejoins as a Partner to Lead the Firm’s Expansion into the Middle East

ABU DHABI, UAE, Sept. 14, 2026 /PRNewswire/ — Sullivan & Cromwell LLP today announced the opening of an office in Abu Dhabi, reinforcing its long-term commitment to the Middle East. Located in ADGM, the international financial center in Abu Dhabi, the capital of the United Arab Emirates, the new office will enhance S&C’s ability to serve clients in the UAE, Saudi Arabia and across the region with its integrated offering, which combines financing, regulatory, and transactional expertise with deep experience working on complex, cross-border, and large-scale mandates.  Ahmed T. el-Gaili will rejoin the firm as a partner to lead the firm’s Middle East practice.

“We are delighted to deepen S&C’s connection to one of the world’s most dynamic financial centers with a new office in Abu Dhabi,” said Robert Giuffra and Scott Miller, Co-Chairs of Sullivan & Cromwell. “Underscoring our long-term commitment to the region, we are pleased to welcome back Ahmed to S&C. He is an outstanding lawyer who is ideally placed to lead our work in the Middle East as we build on the longstanding relationships and track record we have developed advising our clients on their most critical matters across the region.”

Mr. el-Gaili previously practiced at Sullivan & Cromwell for six years in London before relocating to the Middle East. He has nearly two decades of experience in the region advising sovereign wealth funds, state-owned enterprises, governments, leading regional and international corporates, and private equity firms on complex, cross-border transactions and projects. His practice spans M&A, private equity, joint ventures, project finance and development and restructuring, with a particular focus on the energy, infrastructure, life sciences, telecom and technology sectors. He has extensive relationships with leading sovereign wealth funds and state-owned enterprises throughout the Middle East.

“Sovereign capital, private equity and infrastructure investment in the Middle East is fueling some of the most high-profile and complex transactions anywhere in the world, particularly in Saudi Arabia and the UAE,” said Mr. el-Gaili. “S&C’s global platform, integrated offering and depth of expertise make it uniquely positioned to advise the region’s most sophisticated clients on matters where judgment is decisive. I’m delighted to return to S&C and look forward to working with my colleagues across the firm to build our presence in the Middle East at a time of significant activity and growth.”

“We welcome Sullivan & Cromwell to ADGM, the international financial centre of Abu Dhabi, and are pleased to see a leading global law firm establish a presence in our jurisdiction,” said Arvind Ramamurthy, Chief Market Development Officer of ADGM. “Their decision to open an office in ADGM reflects the continued growth of Abu Dhabi as a leading hub for international finance, investment and professional services, and further strengthens the depth of expertise available to regional and global clients operating from ADGM.”

S&C’s expansion into the Middle East will be supported by other firm partners with deep regional experience. Mr. el-Gaili will work closely alongside the wider S&C team, including partner Garth Bray, who brings extensive expertise working on complex cross-border M&A as well as technology and regulatory matters, and Umberto Hassan, whose expertise includes cross-border M&A and complex restructuring, with a focus on clients based in the UAE.

S&C has received full regulatory authorization from ADGM’s Registration Authority.

About Sullivan & Cromwell LLP

Sullivan & Cromwell LLP is a leading global law firm that advises on major domestic and cross-border M&A, significant litigation and corporate investigations, finance and corporate transactions, and complex antitrust, regulatory, tax and estate planning matters. Our Firm’s hallmarks are the highest-quality independent advice and intense dedication to solving client problems. Founded in 1879, S&C has approximately 1,000 lawyers located in offices in New York, Washington, D.C., Los Angeles, Palo Alto, London, Frankfurt, Paris, Brussels, Hong Kong, Beijing, Tokyo, Melbourne, Sydney and Abu Dhabi.

View original content:https://www.prnewswire.co.uk/news-releases/sullivan–cromwell-opens-office-in-adgm-302877913.html

CATL Launches TECTRANS II at IAA Transportation 2026 to Accelerate Global Commercial Vehicle Electrification

HANOVER, Germany, Sept. 14, 2026 /PRNewswire/ — Contemporary Amperex Technology Co., Limited (CATL) today unveiled TECTRANS II, its next-generation commercial vehicle battery solution, at IAA Transportation 2026 in Hanover.

“Commercial vehicle electrification is emerging as the third wave of the global energy transition,” said Akin Li, Executive President of CATL Overseas Business. “Across products, energy, services and ecosystem, CATL is poised to work with partners around the world to catch this third wave.”

TECTRANS II: A Modular Platform Built for Commercial Vehicle Electrification

Scenario Adaptability: Designed for diverse commercial vehicle applications and operating requirements.

• One platform for multiple scenarios: By configuring different numbers of standardized battery packs, TECTRANS II can meet different energy capacity and payload requirements and support a maximum driving range of up to 1,000 kilometers.
• Flexible technology routes: The platform is compatible with both e-axle and central-drive architectures and supports flexible switching between charging and battery swapping.
• One Configuration, Lifetime Compatibility: The platform standardizes external dimensions, electrical interfaces and communication protocols while allowing battery technologies and pack designs to evolve. This enables both new and existing vehicle models to benefit from future upgrades without major changes to the vehicle platform.
• The modular design helps OEMs shorten vehicle development cycles by 50% and reduce R&D costs by 60% to 70%, supporting faster model launches and lower adaptation costs.

Lifecycle Economics: Designed to deliver stronger economics across the entire vehicle lifecycle.

• Faster payback: The modular platform eliminates the need to develop dedicated battery systems for each vehicle model, helping OEMs reduce development costs, shorten launch timelines and lower early-stage investment risk.
• Higher operating returns: TECTRANS II improves fleet economics in three ways.
  • Higher energy density: Boasting a gravimetric energy density of 170 Wh/kg, around 13% above the industry average, the battery enables vehicles to carry approximately 0.6 tonnes of additional payload at the same battery capacity.
  • Longer Range, Faster Charging: Its maximum configuration offers up to 1,000 km of range and 80% charging in 25 minutes with megawatt-level fast charging, minimizing downtime on long-haul routes.
  • Higher energy efficiency: The world’s first full-tab low-impedance design enables 96% system round-trip efficiency (RTE), reducing charging losses and delivering more usable energy for daily operations.
• Stronger residual value: The TECTRANS II battery for heavy-duty trucks is engineered for a 12-year, 1.5-million-kilometer service life with 70% capacity retention, helping support stronger residual value for fleet assets.

Safety and Reliability: Built to withstand real-world commercial operations.

• Robust physical protection:

• • Hot-formed steel upper cover: Withstands repeated stepping by an 180-kilogram adult 10,000 times without deformation.
  • Ultra-strong bottom plate: Delivers 1,000 J impact resistance to protect the battery pack from road impacts.
  • High-strength enclosure protection: Uses an extruded-aluminum enclosure with crush-resistant ribs, delivering lateral crush strength up to 250 kN.
  • 15-year corrosion resistance: Supports long-term operation in coastal environments and cold regions.
  • Maintenance-friendly design: Maintains IPXXB protection with the main connectors connected or disconnected, enhancing high-voltage safety during maintenance.

• System redundancy:

• • Architecture redundancy: Multi-branch independent BMS control enables the system to isolate a failed branch while the remaining branches continue to supply power.
  • Precise fault diagnosis: Proprietary insulation fault-location technology can distinguish whether an insulation issue comes from the battery or other vehicle components, enabling faster troubleshooting.
  • Cybersecurity protection: Multi-layer protection from chip hardware and software programs to the vehicle system, following international information security standards throughout development.

TECTRANS II reflects CATL’s long-term commitment to continuous innovation and consistent product quality. In addition, backed by real-world operating experience and rigorous validation, including full-vehicle torsion and external fire testing, the platform is designed for safety, reliability and long service life in demanding commercial vehicle operations.

Partnering to Build Green Freight Corridors Across Europe

At the show, CATL also signed an MoU with DHL Group. Building on the pair’s September 2024 agreement, the MoU will see the two companies develop Green Freight Corridors across Europe. The partners will leverage DHL’s logistics network, operational expertise and real-world transport requirements alongside CATL’s battery technology and electrification ecosystem. They will also work with OEMs and other partners to co-develop purpose-built electric vehicles and launch pilot deployments.

“Commercial vehicle electrification will unfold over more than a decade,” said Zhu Lingbo, CTO of CATL Global Business Unit. “With our deep technological expertise and long-term commitment, CATL is ready to be the most reliable partner for customers worldwide and for the global electrification of freight transport.”

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/catl-launches-tectrans-ii-at-iaa-transportation-2026-to-accelerate-global-commercial-vehicle-electrification-302877817.html

New Book Captures India’s Transformation in the Modi Era

Sulthan Bathery, Wayanad | 14 September 2026

The book “The Modi Era: India’s Journey of Transformation”, authored by Dr. Bhargav Mallappa, Author and Founder, Akhila Sevak Samaj Council (ASSC), was launched in Sulthan Bathery, Wayanad, on Monday as part of the Birthday Week Celebrations of Hon’ble Prime Minister Shri Narendra Modi Ji.

The event was held at Adithara Auditorium, Sulthan Bathery, in the presence of spiritual leaders, public representatives, social leaders, academics, workers’ representatives and members of the media.

The book seeks to document a period of change in India and encourage discussion on where the country has come from, where it stands today and where it can go in the years ahead. Dr. Mallappa said the book was developed through months of reading, observation and reflection, and that its launch marked the beginning of a wider conversation.

The welcome address was delivered by Dr. S. Selvaganesh, National Chairman, Bharathiya Hindu Parivar and Member, Zonal Railway Users Consultative Committee (ZRUCC), Ministry of Railways, Government of India.

The book was launched in the presence of Madurai Aadheenam Srimath Vishwalinga Thambiran, Thiru Rajasekar Swamigal, Thavathiru Palani Adigalar, Mahaa Shri Shri Yukteshwara Paramacharya Swamigal, Shri Karan Bhushan Singh, Hon’ble Member of Parliament (Lok Sabha), Shri T. S. Srivatsa, Hon’ble MLA, Krishnaraja Constituency, Mysuru, Shri Satyendra Kumar Bari, Member, State Commission for Backward Classes, Uttar Pradesh, Prasanth Malavayal, BJP District President, Wayanad, Dr. Subbha Somu, Shri Chandan Kumar, Dr. Mahalakshmi, and Kaleem Bharathi, among other dignitaries.

Dr. Mallappa said he hoped readers would engage with the ideas in the book, agree with some, question others and develop their own understanding of India’s transformation. He also expressed the hope that the book would become part of conversations among young people, communities, institutions and readers across the country.

The programme concluded with the vote of thanks delivered by Shri Manoj Sharma.

The event was organised by the Akhila Sevak Samaj Council (ASSC) as part of the Birthday Week Celebrations of Prime Minister Narendra Modi.

Cellebrite CTO Chris Wade to Lead Cellebrite Labs, Sharpening Focus on Mobile Research

Strategic move strengthens Cellebrite’s flagship access, extraction and decoding technology as Cellebrite Labs joins Wade’s Innovation Hub

TYSONS CORNER, Va. and PETAH TIKVA, Israel, Sept. 14, 2026 /PRNewswire/ — Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in AI-powered digital investigative and intelligence solutions, today announced expanded resources and new leadership for Cellebrite Labs, the team responsible for much of the core mobile research behind the company’s access, extraction and decoding technology. Effective immediately, Cellebrite Labs is operating under the leadership of Chris Wade, Cellebrite’s Chief Technology Officer, and is now part of the company’s Innovation Hub that Wade has led since joining Cellebrite, following its acquisition of Corellium.

The ability to access the broadest range of mobile devices and rapidly convert extracted data into digital evidence and actionable intelligence is central to Cellebrite’s leadership in digital investigations. As mobile security grows more sophisticated and challenging, Cellebrite is committing additional infrastructure, AI resources, research tools and talent to help Cellebrite Labs maintain its leadership across operating systems as the technical environment continues to rapidly evolve.

“Cellebrite’s trusted, innovative digital forensics expertise is at the heart of what makes Cellebrite the trusted partner for digital investigative practitioners around the world, and Cellebrite Labs is where much of that capability is created,” said Cellebrite Chief Executive Officer Shiv Ramji. “Giving Labs dedicated leadership from Chris, a world-renowned expert in mobile vulnerability research and backed by greater resources and investment, will help sharpen our focus and accelerate our speed at exactly the moment the mobile security landscape demands it.”

The Innovation Hub, which Wade leads, brings together focused efforts in high-impact AI research, hardware and software technology initiatives across Cellebrite. Adding Labs to the Hub will concentrate expertise and resources around the capabilities that strengthen Cellebrite’s core business and create new opportunities for growth.

“Cellebrite Labs does some of the most technically demanding work in the company, and it deserves a level of focus and investment to match,” said Chris Wade, chief technology officer at Cellebrite. “I’m looking forward to working closely with the Labs team, and with our Product and Technology organization, to turn that research into capabilities our customers continue to rely on.”

Wade and Ramji will both join an investor Virtual Fireside Chat today, Monday, September 14 at 4:15 p.m. Details include:

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to protect communities, nations and businesses as a global leader in digital investigative and intelligence solutions. More than 7,000 global law enforcement agencies, defense and intelligence organizations and enterprises trust Cellebrite’s AI-powered software portfolio to make forensically sound digital data more accessible and actionable. Cellebrite technology allows customers to accelerate nearly 3 million legally sanctioned investigations annually, enhance sovereign security, elevate operational efficacy and efficiency and enable advanced mobile research and application security. Available via cloud, on-premises and hybrid deployments, Cellebrite’s technology enables its customers around the globe to advance their missions, elevate public safety and safeguard data privacy. To learn more, visit us at www.cellebrite.com and https://investors.cellebrite.com and find us on social media @Cellebrite.

Media 

Jackie Labrecque

Director, PR and Executive Communications

jackie.labrecque@cellebrite.com  

+1 771.241.7010

Investors Relations

Andrew Kramer

Vice President, Investor Relations & Treasury

investors@cellebrite.com

+1 973.206.7760

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/cellebrite-cto-chris-wade-to-lead-cellebrite-labs-sharpening-focus-on-mobile-research-302877212.html