Category Archives: News

ABB launches digital platform for optimizing water network operations in India

• AquaMaster+™ delivers crucial insights that will help water utilities in India prevent pipeline water losses and optimize operations
• Fleet and device level insights support water network operators with more efficient resource management
• Approximately 2,000 AquaMaster electromagnetic flowmeters units are currently operating across 15 cities in eight Indian states including Bengaluru, Rajasthan, Odisha, New Delhi among others
• The digital service is available to water companies in India using ABB’s AquaMaster4™ flowmeters or as a standalone software solution

BENGALURU, India, Sept. 15, 2026 /PRNewswire/ — ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities in India monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations. The integrated platform includes hardware, advanced software capabilities, and cloud-based decision-making tools. The service is available to water companies using ABB’s AquaMaster4™ flowmeters or as a standalone software solution that can be integrated into existing systems.

ABB’s AquaMaster electromagnetic flowmeters mark 20 years in India — from a first installation in Bengaluru to nearly 2,000 units today to 15 cities spread across 8 states, including Gujarat, Rajasthan, Odisha and Delhi. Bengaluru alone now runs some 500 units, giving the city’s water utility accurate flow measurement at scale.

“With pressure mounting on water resources globally, a great deal of work is done to prevent losses in the distribution system and to help save water through more efficient resource management,” said Raghu Kumar NV, Global Product Manager, ABB’s Measurement & Analytics division. “AquaMaster+ will enable this work by connecting water utilities to crucial flow measurement insights from their AquaMaster4 or other devices, helping the water sector outrun – leaner and cleaner.”

AquaMaster+ offers fleet level insights that include fleet overview with GIS mapping, as well as device insights that cover flow and pressure shifts, device diagnostics, and remote configuration.

The possibility for remote configuration and management improves response times and reduces travel costs, while real-time monitoring enables proactive issue detection and response. 

As it stores device and generic event logs, AquaMaster+ allows for comparison of parameters such as flow rate and pressure, helping water utilities identify anomalies early.

With the possibility of adding virtual flowmeters, AquaMaster+ allows for modeling and comparison of scenarios, simulating real situations and their outcomes, and ultimately allowing operators to make better decisions. The platform offers intuitive navigation, with minimal training required, reducing the possibility for human errors and enabling quick access to critical information.

ABB’s AquaMaster flowmeters measure water flow in real time, tracking the exact quantities of water passing through the water network. The flowmeters offer measurement accuracy down to flow velocities lower than 0.1m/s and detect leaks faster than many conventional solutions. In 2022, AquaMaster4 Mobile Comms became the world’s first electromagnetic flowmeter with bidirectional connectivity.

With over 50 years in the water industry, ABB offers one of the most comprehensive water management and water analysis portfolios on the market.

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

ABB’s Automation business automates, electrifies and digitalizes industrial operations that address a wide range of essential needs – from supplying energy, water and materials, to producing goods and transporting them to market. With its ~26,000 employees, leading technology and service expertise, Automation helps process, hybrid and maritime industries outrun – leaner and cleaner. go.abb/automation 

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Philips OneBlade and Red Bull take self-expression to new heights in Cappadocia, Turkey

In a breathtaking display, Red Bull athlete Marco Waltenspiel and his distinctive moustache achieved a world’s first in wingsuit hot-air balloon slalom, soaring between seven hot-air balloons at 200 km/h, to celebrate the freedom to be yourself and follow your passions.

AMSTERDAM, Sept. 15, 2026 /PRNewswire/ — Royal Philips (NYSE: PHG) (AEX: PHIA), a global leader in health technology, has teamed up with Red Bull and athlete Marco Waltenspiel to complete an extraordinary wingsuit slalom against Cappadocia’s famous balloon-filled skyline. It marks a new Philips OneBlade and Red Bull project, celebrating individuality, self-acceptance and doing things your own way.

Marco Waltenspiel is known for pushing the limits of wingsuit flying and doing so with his distinctive moustache and unmistakable look. Bringing his unique style to the aerial obstacle course, he jumped from 2,800 meters and turned the sky into a slalom trail through balloons at different heights, shaving seconds off each split-second decision as wind conditions changed around him. Reaching speeds of up to 200 km/h, his fellow Red Bull athlete Marco Fürst flew alongside him to capture the spectacle from the sky. (Watch here)

“At Philips OneBlade, we believe there is no ‘right’ way to show up. We want to give people the freedom to shape their look on their own terms and express every side of who they are. Marco’s breathtaking feat in Cappadocia brings that spirit to life: bold, individual and unmistakably him. Through our partnership with Red Bull, we celebrate people who challenge convention, pursue what feels true to them and inspire others to do the same, “comments Shumit Mongha, OneBlade Business Leader.

Marco Waltenspiel, Red Bull athlete said on the Cappadocia jump: “For me, the small rituals really matter. They help me to feel grounded and prepare myself for each challenging jump. But beyond personal preparation, this jump was also about teamwork and trust. It was a challenge to bring everything together, and every detail had to align perfectly. I felt great on the day, & when the right moment finally came, we trusted each other, relied on our instincts, and soared through the sky. It was an incredible feeling.”

Philips OneBlade is made for people who want the freedom to create their own style. Whether trimming, edging or shaving, it offers a versatile way to shape and maintain facial hair, from a clean look to a statement moustache, and everything in between.

About Royal Philips

Royal Philips (NYSE: PHG) (AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home.

Headquartered in the Netherlands, the company is a leader in image-guided therapy, diagnostic imaging, ultrasound, monitoring, enterprise informatics and personal health. Philips generated 2025 sales of approximately EUR 18 billion and employs approximately 63,700 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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izmo Microsystems Unveils Silicon Photonics Modules at SEMICON India 2026

Showcasing India’s first production-ready advanced packaging capabilities for Data Center Interconnects and Quantum Infrastructure

BENGALURU, India, Sept. 15, 2026 /PRNewswire/ — izmo Limited (NSE: IZMO) (BSE: 532341) today announced that its semiconductor subsidiary, izmo Microsystems Pvt. Ltd., will showcase a range of production-stage silicon photonics products and advanced packaging technologies at SEMICON India 2026.

The izmo Microsystems exhibit will showcase next-generation silicon photonics packaging, featuring functional products that are currently in production. These include a Quantum Random Number Generator module, a Quantum Key Distribution module packaged for Pramatra, a Thin-Film Lithium Niobate modulator packaged for CCRAFT, and advanced photonic characterization packages developed and manufactured entirely by izmo Microsystems.

The showcase highlights izmo Microsystems’ unique position as the first Indian company to undertake the highly specialized packaging required to convert photonic integrated circuits into functional modules – a capability historically restricted to specialized facilities outside of India. By combining package design, precision assembly, and manufacturing under one roof, the company supports customers from initial prototyping through full commercial production.

At SEMICON India, izmo Microsystems will also preview its next-generation optical transceiver portfolio, scheduled for commercial launch in 2027.

Silicon photonics is an important enabling technology for AI infrastructure, high-performance computing, quantum technologies, defence, aerospace and secure communications. By transmitting data using light rather than electrical signals, it delivers the bandwidth and energy efficiency required to overcome the speed and heat-generation bottlenecks in modern advanced computing.

This strategic importance is driving a global optical transceiver market, projected by Research and Markets to exceed US$30 billion by 2030. Demand is being accelerated by the expansion of AI clusters and cloud infrastructure investments in India from hyperscalers like AWS, Microsoft, and Google, creating a requirement for high-speed, energy-efficient optical connectivity.

This commercial development program is bolstered by izmo Microsystems’ strategic partnership with the IIT Madras-led CPPICS Photonics Mission, supporting the translation of indigenous photonics research into commercially manufacturable products.

Dinanath Soni, Director, izmo Microsystems Pvt. Ltd., said:

“SEMICON India gives us an opportunity to showcase silicon photonics products that are manufactured by us and demonstrate the advanced packaging expertise we have built in India. Our strength lies in advanced package design and manufacturing, taking customers from initial development through to production.

As the first Indian company to undertake silicon photonics packaging, we are helping establish a domestic capability with applications across AI, high-performance computing, quantum technologies, defence and secure communications. This progress reflects the work of our engineering teams and our collaboration with IIT Madras through CPPICS. Our forthcoming optical transceiver portfolio will build on this expertise to address growing demand in India and international markets.”

Through its participation at SEMICON India 2026, izmo Microsystems aims to cement India’s emerging capabilities in advanced packaging and strengthen its engagement with customers, research institutions, and strategic partners.

About izmo Microsystems Pvt. Ltd.

izmo Microsystems Pvt. Ltd., a subsidiary of izmo Limited, is an advanced semiconductor packaging and manufacturing company based in Bengaluru, India. The company provides end-to-end support from package design and development through prototyping, precision assembly, fiber attachment, characterization, qualification and manufacturing. Its focus areas include System-in-Package solutions, silicon photonics and advanced optical packaging for domestic and international customers.

For more information, visit  www.izmomicro.com / www.izmoltd.com or contact:   

Investor Contact  

izmo Limited

No. 177/2C, Bilekahalli Industrial Area, Bannerghatta Road, Bangalore 560076

CIN: L72200KA1995PLC018734

Email ID: investors@izmoltd.com 

Caution Concerning Forward- Looking Statements: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. 

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SCIENCE IN SPORT NAMED OFFICIAL PERFORMANCE FUEL AND HYDRATION PARTNER FOR NIKE AFTER DARK TOUR

TOKYO, Sept. 15, 2026 /PRNewswire/ — US Statement

“Science in Sport is the Official Performance Fuel & Hydration Partner of the Nike After Dark Tour, a series of seven iconic night-running experiences in cities around the globe. Together with Nike, we are supporting runners through their journeys, providing the fueling expertise and the products they need to train, prepare, and arrive ready for race night.”

NOTES 

Nike and SiS create the first co-branded nutrition range of its kind to support more than 55,000 runners across seven global events. The range includes bespoke recovery products developed with female nutrition in mind.

Every participant will receive a race-specific SiS x Nike Race Pack covering hydration, energy and recovery.

A limited range will be available for public purchase in the UK, US and Australia from September 4^th 2026.

The partnership brings together Nike’s global running platform and SiS’s science-led expertise across energy, hydration and recovery. It will also see Nike and SiS launch a co-branded performance nutrition range for the Tour, marking the first time Nike has created a co-branded nutrition range with a performance nutrition partner with further education delivered through the participant journey and a dedicated microsite.

Dan Lampard, Chief Commercial & Operating Officer at Science in Sport, said: “What makes this partnership different is that we’ve started with the runner, not the product. Together with Nike, we’ve created a complete fueling system around what runners need to prepare, perform and recover at their best. It brings the performance nutrition principles used at the highest level of sport into a simple, accessible experience for tens of thousands of runners across the Nike After Dark Tour.”

2026 Nike After Dark Tour schedule

• Shanghai: 10K: April 25 2026
• Sydney Half Marathon: September 27 2026
• Mexico City Half Marathon: October 3 2026
• London 10K: October 17 2026
• Los Angeles Half Marathon: October 24 2026
• Manila 10K: November 21 2026
• Mumbai 10K: December 12 2026

https://www.scienceinsport.com/nike/after-dark-tour

About the recovery formulations

Run Recovery Clear contains 25 g carbohydrate, 20 g clear whey protein and 5 g collagen. Run Recovery Endurance contains 40 g dual-source carbohydrate, 20 g clear whey protein and 5 g collagen. Both formulations also include vitamin C, sodium, zinc, vitamins D3 and K2, calcium, folate, iodine, curcumin, pomegranate extract and a B-vitamin complex.

Supporting research

Langan-Evans, C., Cronin, C., Hearris, M. A., Elliott-Sale, K. J. and Morton, J. P. (2022). ‘Perceptions of Current Issues in Female Sport Nutrition From Elite Athletes, Practitioners, and Researchers.’ Women in Sport and Physical Activity Journal. https://doi.org/10.1123/wspaj.2022-0004.

The qualitative study involved 18 participants: seven elite athletes, six sport-nutrition practitioners and five researchers. It explored perceptions and experiences rather than testing the SiS x Nike recovery products.

NOTES

About Science in Sport Group

Science in Sport Group (SiS) is a leading global performance nutrition company trusted by elite athletes, world–class teams and everyday competitors through its Science in Sport and PhD brands. Founded in 1992, SiS has spent more than three decades driving sports nutrition innovation, including creating the world’s first isotonic energy gel – a breakthrough that helped define a category now used by endurance athletes worldwide.

SiS develops, manufactures and distributes scientifically formulated products across energy, hydration, recovery and protein, with every Science in Sport product developed and tested in the UK for complete quality control. Science underpins the entire business, supported by a Scientific Advisory Board, leading academics and performance nutrition experts who translate cutting–edge research into practical fueling solutions trusted by professionals.

SiS fuels performance across global sport, supporting more than 350 professional teams and organizations in cycling, running, football, rugby, HYROX and other high–performance disciplines. Its customers span the entire UK Premier League, the majority of MLS teams, numerous NFL and NBA teams. SiS is also a trusted supplier to major UK national governing bodies including The FA, The RFU, The ECB, British Aquatics and British Cycling.

At the Paris Olympic Games, SiS–fueled athletes won 106 medals – placing the brand second on the medal table if it were a country. With unmatched scientific credibility, deep relationships across elite sport and a proven record of innovation, SiS is accelerating growth through science–led innovation, international expansion and its ambition to become the world’s pre–eminent performance nutrition brand.

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Airports Council International World Calls for Modernisation of Outdated Airport Slot System Stifling Competition and Costing Passengers

The trade association of the world’s airports is calling for a modernised, transparent and collaborative approach to ensure scarce airport capacity is used efficiently, market access remains competitive and slot allocation keeps pace with increasing passenger demand.

MONTREAL, Sept. 15, 2026 /PRNewswire/ — Airports Council International (ACI) World, the trade association of the world’s airports, today released a white paper calling for the modernisation of the global airport slot allocation system. The white paper details how an outdated regulatory framework, designed more than 50 years ago, is forcing the aviation industry into inefficient compromises, creating barriers to socio-economic competitiveness and connectivity.

The foundational framework managing slot allocation has not kept pace with aviation’s dynamic growth and transformation. With the number of the world’s most congested, slot-restricted airports surging by over 25% in the last decade alone, and global passenger traffic projected to nearly double by the mid-2040s, the capacity crisis continues to accelerate. ACI World is calling on regulators to engage with the industry to address the issue and modernise the slot allocation system before the capacity crunch escalates further.

“We are trying to run a 2026 aviation industry on a 1970s operating system,” said Justin Erbacci, Director General of ACI World. “Airports are doing their best to operate within an outdated regulatory framework, but the reality is that these inflexible rules and practices are preventing the industry from adapting to modern passenger demands, providing competitive fares and building resilient networks. ACI World urges regulators to sit down with the industry and finally deliver the overdue upgrade that our passengers deserve.”

Get details from the rest of the media release here on ACI’s warning on the scale of the challenge and how it makes it difficult for the market to evolve.

About ACI 

Airports Council International (ACI), the trade association of the world’s airports, is a federated organization comprising ACI World, ACI Africa, ACI Asia-Pacific & Middle East, ACI EUROPE, ACI Latin America and the Caribbean and ACI North America. In representing the best interests of airports during key phases of policy development, ACI makes a significant contribution toward ensuring a global air transport system that is safe, secure, efficient, and environmentally sustainable. As of January 2026, ACI serves 811 members, operating over 2,200 airports in more than 160 countries worldwide.

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Protec General Insurance Selects insureMO to Power Its Insurance Business

insureMO will build an AI-native insurance core, with APIs as a key growth agent to drive massive growth across India’s retail and commercial insurance ecosystems

SINGAPORE and MUMBAI, India, Sept. 15, 2026 /PRNewswire/ — insureMO, the global insurance Middle Office platform provider, today announced that Protec General Insurance, a newly licensed Indian general insurer, has selected insureMO to build an AI-native insurance core. With APIs embedded as a key growth agent, the platform will help Protec drive massive growth across India’s insurance ecosystems by rapidly launching and scaling retail and commercial lines products.

By leveraging insureMO’s rich APIs spanning product configuration, rating and quotation, underwriting, policy issuance and servicing (including endorsements, renewals and cancellations), billing and payments, claims, documents, and distribution, Protec will establish a modern and flexible technology foundation designed to accelerate innovation, simplify operations and support long-term growth.

The collaboration will provide Protec with an AI-ready, ecosystem-friendly, microservices-based core and flexible, AI-powered product configuration capabilities. insureMO’s reusable insurance APIs will also enable Protec to launch products and connect with distribution channels/ecosystem partners more quickly and cost-effectively.

Key capabilities will include:

• An AI-ready, ecosystem-friendly, microservices-based insurance core
• Flexible, AI-powered product configuration
• Modular functions spanning rating and quotation, underwriting, policy issuance and servicing, billing and payments, claims, documents, and distribution
• Low- and zero-cost API enablement
• Faster and simpler product launches and changes
• An open, scalable and cost-efficient technology foundation

“Protec is building an insurance business designed for the digital and AI era,” said Aditya Sharma, Managing Director & CEO of ProTec General Insurance Ltd. “Our collaboration with insureMO will give us the flexibility, speed and technology capabilities needed to introduce relevant products, respond quickly to market needs and deliver better experiences to our customers and partners.”

insureMO’s Middle Office platform provides rich insurance APIs and modular insurance capabilities across product configuration, rating and quotation, underwriting, policy issuance and servicing (including endorsements, renewals and cancellations), billing and payments, claims, document generation, and distribution. Its API-first architecture allows insurers to assemble and adapt capabilities without the limitations of traditional monolithic systems.

“We are delighted to support Protec as it begins this important new journey,” said Rajat Sharma, Chief Revenue Officer at insureMO. “By combining Protec’s customer-centric vision with insureMO’s AI-ready, ecosystem-friendly architecture, microservices and insurance APIs, we are creating a strong foundation for faster innovation, greater flexibility and sustainable growth.”

The partnership represents more than a technology implementation. It marks the beginning of a new chapter for Protec—built around intelligence, openness, speed and scalability.

About Protec General Insurance

Protec General Insurance is a newly licensed Indian general insurer focused on delivering simpler, smarter and more customer-centric insurance. The company aims to leverage AI and digital technology to develop accessible products and seamless experiences for customers and distribution partners.

About insureMO

insureMO is the global insurance Middle Office platform. The platform is organized across three pillars: API, Data, and AI, with 2,500+ atomic APIs spanning the full insurance lifecycle from quotation to claims. The architecture is open by design: the same APIs that connect 8,700+ distribution channels and technology partners are equally discoverable by AI agents and coding assistants. This is what makes insureMO AI-ready and ecosystem-friendly; any AI tool capable of calling an API can build on insureMO. Over 500 insurers, distributors, and ecosystem partners across 50+ countries run on insureMO, processing more than US$25 billion in Gross Written Premium across 17,500+ configured products spanning Life and Health, Personal Lines, Commercial and Specialty, and Reinsurance. Visit www.insuremo.com.

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Hexaware Collaborates on Project NANDA Fellowship to Build the Future of AI Agents

Three-month, fully remote program invites developers worldwide to help build the open-source infrastructure powering the Internet of AI Agents

MUMBAI, India , Sept. 15, 2026 /PRNewswire/ — Hexaware Technologies (NSE: HEXT), a global provider of IT solutions and services, today announced its collaboration with Project NANDA Fellowship, a three-month, fully remote AI fellowship program that gives developers direct, hands-on experience building open-source infrastructure for the emerging Internet of AI Agents. The fellowship is hosted by FAN, the umbrella program behind Project NANDA, and is supported by Hexaware as part of the company’s participation in the open agentic web ecosystem.

The program is built around one of the defining technical challenges of the coming decade: how autonomous AI agents discover, verify, and coordinate with one another at scale within agentic AI workflows. Fellows contribute directly to Project NANDA, an initiative that originated at the MIT Media Lab and is building the foundational infrastructure, standards, and reference implementations for an open, decentralized Internet of AI Agents. Their work feeds into Project NANDA’s open-source community and advances components such as agent discovery, verifiable identity, and secure coordination across organizational boundaries.

The inaugural cohort brings together more than 10 Fellows, drawn from a mix of Hexaware engineers and external developers selected from a global applicant pool. Participants receive a competitive stipend, direct mentorship, and the opportunity to ship code that becomes part of live, open-source agentic infrastructure rather than a classroom exercise. By keeping the cohort small, the program preserves close mentorship and meaningful contribution for every Fellow.

For Hexaware, the association reflects a twofold objective: helping to train the next generation of AI infrastructure engineers and contributing to the open agentic web and the broader open-source community advancing it. The initiative complements Hexaware’s own investments in agentic AI, including its AI delivery layer, Zerovity™. It also extends the company’s engagement with the research and developer communities shaping how AI agents will operate in production.

Applications and eligibility

Applications for the Project NANDA Fellowship are now open to developers worldwide. Candidates can apply through the link shared below. The priority review deadline is September 19, 2026; applications received by that date are given priority consideration.

Apply: https://lnkd.in/dZPPCQtY

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more at hexaware.com.

About Project NANDA

Project NANDA originated at the MIT Media Lab and is architecting the foundational infrastructure for the Open Agentic Web. It focuses on how billions of AI agents can discover one another, verify capabilities, and coordinate tasks without creating bottlenecks or security vulnerabilities. Learn more at projectnanda.org.

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Novotel Kolkata Appoints Neerajita Kundu as People & Culture Manager

Kolkata, Sep 15: Novotel Kolkata Hotel & Residences has announced the appointment of Neerajita Kundu as People & Culture Manager. Bringing over 11 years of experience in human resources within the hospitality sector, Neerajita has built a diverse career spanning people operations, talent acquisition, employee engagement, learning and development, employee relations and organisational culture. Her extensive industry experience across some of Kolkata’s leading hospitality institutions positions her well to further strengthen the hotel’s people-centric approach and talent ecosystem.

Neerajita’s professional journey encompasses associations with The Lalit Great Eastern Kolkata, Neotia Hospitality, Hyatt Regency Kolkata and Fortune Park Hotels by ITC. Most recently, she served as Human Resource Manager at Fortune Park Hotels by ITC, where she was associated with the property during its pre-opening phase. Prior to this, she spent three years with Hyatt Regency Kolkata as Assistant Manager – Human Resources, further building her expertise across core HR functions and employee engagement initiatives.

In her new role at Novotel Kolkata, Neerajita will spearhead the hotel’s People & Culture function, with a mandate centred on fostering an engaged, empowered and high-performing workforce. Her responsibilities will encompass strengthening employee engagement, nurturing talent, advancing learning and development initiatives, and creating meaningful pathways for professional growth. She will also focus on cultivating an environment built on trust, open communication, recognition and a strong sense of belonging among the hotel’s Heartists.

Commenting on the appointment, Mr. Rajneesh Kumar, General Manager, Novotel Kolkata Hotel & Residences, said,

“We are pleased to welcome Neerajita Kundu to Novotel Kolkata. Her strong understanding of the hospitality landscape, coupled with her extensive experience across human resources and people management, will add significant depth to our leadership team. People are at the heart of hospitality, and Neerajita’s vision closely aligns with our commitment to building a workplace that encourages growth, celebrates individual contributions and fosters a strong sense of belonging. We look forward to her leadership in further nurturing our Heartists and strengthening a culture that enables our people to thrive while delivering memorable experiences to our guests.”

Neerajita aims to foster a workplace where every Heartist feels valued, connected and empowered to grow, while strengthening a culture of learning, recognition and engagement that translates into exceptional guest experiences. 

Beyond her professional pursuits, Neerajita has a creative inclination towards writing poetry and listening to music, interests that offer a glimpse into her artistic and reflective personality.

Titomic awarded US$5.0 million U.S. defense contract for next-generation cold spray system

HUNTSVILLE, Ala., Sept. 15, 2026 /PRNewswire/ — Titomic Limited (ASX: TTT), a global leader in industrial-scale cold spray additive manufacturing and coating solutions, is pleased to announce that its wholly owned U.S. subsidiary, Titomic USA, Inc., has been awarded a US$5.0 million (AU$ 6.9 million) contract by the U.S. Air Force to supply, integrate and commission a Next Generation Titomic Kinetic Fusion (TKF)™ High Pressure Cold Spray System at Tinker Air Force Base in Oklahoma City, Oklahoma.

Built around Titomic’s TKF™ 1000 high-pressure cold spray platform, the turnkey system will integrate industrial robotic automation, powder and gas management, process monitoring, safety systems and real-time quality verification. The capability is designed to support depot-level manufacturing and sustainment applications including component repair, dimensional restoration, corrosion and wear protection, additive manufacturing, hybrid manufacturing and multi-material deposition. The program will be supported by Titomic USA from its Huntsville, Alabama operations and represents a significant expansion of Titomic’s role in the U.S. defense sustainment market.

“With this award for the installation and commissioning of a TKF™ high-pressure cold spray system at Tinker Air Force Base, Titomic joins the capability suite of the largest U.S. Air Force MRO facility in the nation,” said Jim Simpson, Managing Director & CEO at Titomic Limited. “The USAF’s selection of Titomic as its high-pressure cold spray vendor marks an important milestone in our growth within the U.S. additive manufacturing market. We are delivering more than a machine – we are establishing a partnership and providing an integrated, production-ready manufacturing capability combining TKF™ technology, automation, process monitoring, installation and training, as well as ongoing support. Deployments like this demonstrate the potential for cold spray to improve readiness, extend asset life and strengthen the U.S. defense industrial base and warfighter readiness.”

Delivery is scheduled for 3Q of 2027, with installation subject to customer site coordination and approvals. Revenue will be recognized in accordance with applicable accounting standards and contractual performance obligations.

This announcement has been authorized for release by Titomic’s Board of Directors.

ABOUT TITOMIC LIMITED

Titomic Limited (ASX: TTT) is a leading Advanced manufacturing company with global operations specializing in large integrated solutions for industrial- scale metal additive manufacturing, coating, and repairs using its patented kinetic fusion cold spray (Titomic Kinetic Fusion™) technology. Titomic Kinetic Fusion™ cold spray solutions provide OEM production and R&D services to the global Aerospace, Defense, Shipbuilding, Oil & Gas, Mining and Automotive industries. Titomic also offers global sales and support for all its Titomic Kinetic Fusion™ cold spray AM activities from its Huntsville, Alabama Global Headquarters, as well as through local presence in the Australia and Europe. Titomic delivers competitive advantages in metal additive manufacturing at every stage in the product value chain. For more information, please visit www.titomic.com.

FORWARD LOOKING STATEMENTS

Certain statements made in this release are forward-looking statements and are based on Titomic’s current expectations, estimates and projections. Words such as “anticipates”, “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance” and similar expressions are intended to identify forward-looking statements. Although Titomic believes the forward-looking statements are based on reasonable assumptions, they are subject to certain risks and uncertainties, some of which are beyond Titomic’s control, including those risks or uncertainties inherent in the process of both developing and commercializing technology. As a result, actual results could materially differ from those expressed or forecasted in the forward-looking statements. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Titomic will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this release except as required by law or by any appropriate regulatory authority. 

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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/

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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.

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