Category Archives: News

Bank of America Now Accepting Proposals for 2027 Art Conservation Project

Key points

• Applications for the 2027 Bank of America Art Conservation Project^® will be accepted from Aug. 1 through Sept. 30, 2026.
• The program supports the conservation of historically or culturally significant artworks and artifacts around the world.
• Eligible nonprofit cultural institutions may submit proposals through the Art Conservation Project website.
• The Art Conservation Project has provided support for more than 15,000 objects in 40 countries since launching in 2010.

CHARLOTTE, N.C., Aug. 5, 2026 /PRNewswire/ — Bank of America is now accepting proposals for its 2027 Art Conservation Project through Sept. 30, 2026. The program provides grant funding to nonprofit museums, cultural institutions and conservation organizations undertaking projects to preserve historically or culturally significant artworks and artifacts.

Organizations interested in applying can find program details, eligibility requirements and application materials on the Bank of America Art Conservation Project^® website.

“Art has a unique ability to connect people across cultures, generations and geographies,” said Brian Siegel, Global Arts, Culture & Heritage executive at Bank of America. “By supporting the conservation of important works of art, we help preserve our shared cultural heritage and ensure these stories continue to inspire and inform communities around the world.”

Since launching in 2010, Bank of America’s Art Conservation Project has supported the conservation of more than 15,000 objects in 40 countries across a broad range of cultures, time periods and artistic disciplines.

Frequently asked questions

Question: Where can organizations learn about program eligibility?

Answer: Information about the 2027 application process can be found on the Art Conservation Project Frequently Asked Questions page.

Question: Why does Bank of America invest in art conservation?

Answer: Art and objects of cultural heritage are highly vulnerable to the effects of time. Conserving these works helps ensure that society can continue to be inspired by the richness of the human experience for generations to come.

Question: Where can I find information about previous projects?

Answer: Selections of previous projects can be found on the Art Conservation Project website.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

At Bank of America, we believe that investing in the arts has a positive impact on our lives. We support a wide range of nonprofit organizations with funding and programming to help make the arts more accessible to communities around the world and to preserve works of art and heritage sites for generations to come.  For more information about how we support the arts, please visit our Bank of America arts website.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact

AnnMarie McDonald, Bank of America

Phone: 1.332.234.8635

annmarie.mcdonald@bofa.com 

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NYSE Content Update: Expedition Therapeutics Secures $115 Million Series B

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Aug. 5, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Ashley Mastronardi delivers the pre-market update on August 5th

• The Dow Jones Industrial Average and S&P 500 will look to build off fresh records on hopes of a deal in the Middle East.
  • The Dow surpassed 54,000 for the first time ever.
  • The S&P 500 clinched its first-ever close above 7,700.
• Expedition Therapeutics Founder & CEO Yi Larson will join NYSE Live following her firm’s latest funding round.
  • The company says the first patients have been dosed in its Phase 2 clinical trial for EXPD-101, a next-gen treatment for COPD.
• Zeta Global (NYSE: ZETA) CEO David Steinberg will join NYSE Live to deliver the biggest takeaways from the company’s Q2 earnings report.
  • The firm says it posted its 20^th straight ‘beat-and-raise’ quarter and achieved the ‘Rule of 64.’

Opening Bell

AB InBev (NYSE: BUD) rings the NYSE Opening Bell

Closing Bell

Blend (NYSE: BLND) celebrates its 5^th anniversary of listing

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App: TV.NYSE.com

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KPM Analytics Announces In-Line NIR Sensors Specifically Designed for Food Processing

Sensors measure moisture, fat/oil, color, and temperature in-line for improved process control. 

WESTBOROUGH, Mass., Aug. 5, 2026 /PRNewswire/ — Increasingly, food processors are striving for “zero-defects” by measuring as many quality parameters as possible in various stages of production. To assist processors in meeting this goal, KPM Analytics announced the new MCT700 Series NIR (near infrared) sensors that provide continuous in-line measurement of moisture, fat/oil, color, and product temperature.  

Installed over conveyors, augers, and chutes, the non-contact sensors are suitable for monitoring baked and fried snacks, doughs, crackers, breakfast cereals, food ingredients, and more.

MCT790 NIR Sensor, Now with Product Color Measurement 

The MCT790 NIR sensor provides precise measurements of moisture, fat/oil, product temperature, and now product color. In addition to ensuring that products consistently meet quality standards, the MCT790 sensor provides real-time data for manual or automatic adjustment of production equipment like ovens and sprayers. This reduces costly waste and improves productivity. 

The MCT790 sensor is suitable for challenging production line locations including hot, greasy, and wet environments. Its stainless-steel IP69K-rated housing can be washed down using harsh cleaning solutions typical of the food industry. An internal fan provides thermal management inside the sensor.

The rugged display, which is typically mounted beside the line, has an IP67 rating.  

MCT700 and MCT750 NIR Sensors 

For applications where color measurement is not needed, KPM Analytics also announces the MCT700 and MCT750 in-line NIR sensors. They measure the same parameters as the MCT790 except for color. The MCT700 is IP67 rated with a standard Kel-F sensor window, and the MCT750 is IP69K rated with advanced cooling features and a rugged sapphire sensor window.

Supporting the Trend Toward In-Line Monitoring 

The new sensors support an emerging trend in food processing that uses in-line, real-time measurements and automatic process corrections. This approach replaces a worker taking samples periodically and measuring them with other at-line solutions. 

Additionally, for conveyor applications, each MCT700 Series sensor can be integrated with a traversing frame to scan an entire belt width. This capability allows users to analyze individual product lanes using a move-and-park feature, which is especially beneficial for food applications with industrial ovens that have multiple heating zones.

“Continuous measurement enables rapid response to production issues, which supports the business objectives of increasing productivity and decreasing waste.” said Chris Pike, Senior Director of Product Management with KPM Analytics. 

Sensor Features 

All the new models offer features designed to simplify integration and reduce the cost of operation. 

• High-speed measurement up to 100 readings per second. Higher measurement speeds allow for analyzing segmented products like cookies and crackers. 

• Like prior MCT Series models, they are simple to operate, integrate, and standardize across multiple lines to amplify productivity and process control. 

• A proprietary temperature-controlled detector ensures measurement stability. 

• Fully modular, with all components easily replaceable in the field. 

• Easy troubleshooting with advanced on-board diagnostics. 

Ordering and Availability 

The MCT790, MCT750, and MCT700 NIR sensors are available for order now. For pricing and an evaluation of how the sensors will perform in specific applications, contact KPM Analytics at https://kpmanalytics.com. 

About KPM Analytics

KPM Analytics is a global leader in scientific instrumentation, providing analytical and vision inspection solutions to laboratories and industrial operators in the food, feed, agriculture, industrial and environmental sectors. KPM products have a long history of helping companies secure product quality, optimize production processes, and make confident, data-driven decisions through reliable solutions, supported by dedicated application expertise and local service.  Visit https://www.kpmanalytics.com to learn more. 

Media contacts:

Andy Dambeck

Product Marketing Manager

+1 774-399-0477

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Plume Names Rebecca Stone Chief Customer and Marketing Officer, Creating a Dedicated C-Suite Voice for Global ISP Customer Success

Expanded role reflects Plume’s commitment to 450+ ISP customers with dedicated executive champion across entire customer lifecycle, from brand awareness and onboarding through adoption, retention and expansion

PALO ALTO, Calif., Aug. 5, 2026 /PRNewswire/ — Plume Design, Inc. (“Plume“), the award-winning global subscriber experience platform serving more than 450 Internet Service Providers (ISPs) across 58 countries, today announced that Rebecca Stone will fill the newly created role of Chief Customer and Marketing Officer (CCMO). Ms. Stone, who joined Plume as Chief Marketing Officer in January 2026, will now be responsible for direct ownership of Customer Success in addition to her marketing responsibilities, unifying the customer-facing journey under a single executive leader.

“Our ISP partners succeed by keeping subscribers happy at a cost they can sustain, and that gets harder every year as AI raises the bar for what those subscribers expect,” said Dan Herscovici, president and CEO, Plume. “No two of our customers face the same challenge, so serving them well means simultaneously meeting very different needs across the world. That’s why we created this role. Rebecca has a rare gift for connecting brand, customer engagement and commercial results, and now she leads how we show up for customers at every stage, from the first time an operator hears about Plume to the experience their subscribers rely on years later. Few companies are built to deliver customer success at this level, and our ISP partners will feel the difference.”

Stone brings more than 20 years of experience leading global enterprise and service provider marketing organizations across brand, product marketing, growth and revenue strategy. Before Plume, she served as Senior Vice President of Revenue Marketing and Customer Solutions Marketing at Cisco, where she oversaw strategy and operations for a $50 billion networking portfolio. Prior to that, as Chief Marketing Officer at Meraki, she doubled the global marketing team to 150 employees, led a comprehensive rebrand and messaging transformation and grew marketing-sourced pipeline contribution to 35%.

“Customer centricity requires genuine depth of understanding of what your customer is asking for, what they need and how your product and team can meet those expectations,” said Ms. Stone. “When I joined Plume, I was immediately struck by how deeply this company listens to its ISP customers, and that starts at the top. Dan has built a culture where the customer’s voice shapes every decision, from the product roadmap to how we show up at every interaction. That customer-first mindset is what drew me to Plume, and it’s what makes this expanded role possible. There’s nothing more valuable than hearing from your customers, learning from them and turning those insights into action that helps them win. I’ve spent my career doing this, and I’m thrilled this role lets me support our customers at every stage.”

As AI reshapes how ISPs deliver and differentiate their services, the relationship between a technology provider and its ISP customers has never been more consequential. In her expanded role, Ms. Stone will oversee the complete customer lifecycle at Plume, from brand positioning through retention and expansion, with the mandate to ensure Plume’s go-to-market strategy and post-sale execution move at the speed the market now requires.

Ms. Stone’s expanded role is part of a broader leadership investment at Plume. The company recently named Peter Wulfraat as Chief Revenue Officer, bringing more than 25 years of enterprise AI and go-to-market leadership to drive Plume’s next phase of commercial expansion across its global ISP footprint. These latest investments extends a leadership team that is already delivering on Plume’s strategic vision of building deeper, more valuable partnerships with ISPs worldwide.

The leadership moves follow a series of milestones for Plume including: winning three Gold Stevie^® Awards in the 2026 Stevie Awards for Technology Excellence, recognizing CEO Dan Herscovici as Executive of the Year in Communication Technology, and the Plume Platform as both New Product of the Year in Communication Technology and Domain Specific (Telecom) AI Platform of the Year. Combined with Plume’s No. 58 ranking on the Top 100 Global Most Loved Workplaces^® list published in The Economist in June, the recognitions underscore a company investing simultaneously in its people, its products and its customers.

“Parks Associates research shows that gigabit speeds now surpass 25% penetration in the United States; competition is fierce for broadband providers,” said Elizabeth Parks, President and CMO, Parks Associates. “Customer experience is the incredible impactful differentiator for ISPs, along with enabling bundles and managed control and reliability of the network. This new role reflects a shift to full support for service providers across the customer lifecycle and with a focus on retention and value.”

Ms. Stone’s announcement follows the release of a joint white paper by Parks Associates and Plume – Owning the Broadband Subscriber Experience in the AI Era – which examines how ISPs can strengthen customer retention, reduce churn and create differentiated subscriber experiences through data-driven, lifecycle-focused engagement strategies. The company has also released a new white paper – How Plume + Wi-Fi 7 Can Achieve Wi-Fi 8 Outcomes Today.

About Plume

Plume created the first managed WiFi platform for Internet Service Providers (ISPs) in 2016, enabling the company to scale across the globe and expand into managing the entire subscriber experience, including approximately 600 million connected devices, in 50 million homes, on behalf of more than 450 ISPs, across 58 countries. By integrating managed WiFi, cybersecurity and customer care, Plume created the first open, hardware-agnostic SaaS Subscriber Experience Platform for ISPs. Powered by an unmatched global dataset and AI optimization, the Plume Platform builds subscriber confidence through improved WiFi experiences, seamless new service implementation and proactive customer care. Plume’s open-source framework OpenSync^® is pre-integrated and supported on the leading silicon, CPE and platform SDKs, and supports leading industry standards like RDK-B and prplWave. Discover more at www.plume.com.

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MITTI LABS RAISES $9.5 MILLION TO BUILD WATER RESILIENCE IN ASIA’S RICE FIELDS

With the world’s staple crop under mounting climate & water stress, funding accelerates the deployment of its rice GeoAI platform to millions of smallholder fields

BENGALURU, India and NEW YORK, Aug. 5, 2026 /PRNewswire/ — Deep-tech company Mitti Labs today announced a $9.5 million Series A round from investors including Aramco Ventures as lead investor, alongside Lightspeed India, Godrej Industries Group, Cisco Foundation, Francis Family Fund, and Volta Circle.

With this new funding, the company will expand its geographical footprint in India and launch greenfield projects in the Philippines and Indonesia. In parallel, Mitti Labs will scale its GeoAI platform, a satellite technology that fuses high-resolution synthetic aperture radar (SAR) data with field-collected ground truth and physical models to generate digital twins of Asia’s rice fields at the resolution of individual plots.

Rice feeds half the world daily, but growing it takes an outsized toll on the planet. As the world’s most water-intensive crop, rice consumes more than 30% of all irrigation water. Traditional farming practices where fields are continuously flooded also generate the emission of methane, a powerful greenhouse gas (GHG) responsible for one third of climate warming to date. 

Science-backed, low-cost transitions to alternate irrigation techniques cut water usage by close to 40%, and methane emissions by more than 50%, while maintaining yields when practiced safely and rigorously. 

“Growing more rice with less water is one of the world’s major challenges. Demand for rice continues to grow, but record heat and changing rainfall patterns are threatening water systems and endangering food security. With our technology and scalable operational model, we can transform how rice is grown, lower emissions and cut water consumption while building resilient livelihoods for 150 million smallholder farmers,” said Mitti Labs’ co-founder Xavier Laguarta.

The majority of the world’s rice is grown on fragmented plots of less than two hectares where reliable data on practices, yields, water use, and emissions does not exist. Mitti Labs’ GeoAI platform, developed with support from NASA, was built to address this gap. It leverages AI to transform raw SAR satellite data into field-level insights on crop health, soil moisture, and flooding. These insights are used to optimize irrigation practices that help conserve water and cut emissions across diverse rice varieties and agro-ecological zones. 

Zayed AlAmri, Executive Managing Director at Aramco Ventures, said, “Rice covers a fifth of Asia’s cultivated land, and it is both a major source of methane and one of the most water-intensive crops grown. Changing farming practices is not easy, but the harder part has been knowing what is actually happening in the fields across millions of small farms. That is what Mitti Labs’ AI and satellite technology aims to solve.”

“Solving the world’s water crisis requires bringing together smallholder farmers, industry stakeholders, governments, and nonprofits to transform how rice is grown. With its unique technology and vast network of farmer-partners, Mitti Labs can unlock new revenue opportunities tied to this transition and help build the future of rice,” said Hemant Mohapatra, Partner at Lightspeed India.

“As an investor deeply rooted in India, we know firsthand how critical water resilience is for farming communities. Mitti Labs has built a remarkable model that leverages technology towards securing the livelihoods of smallholder farmers. This model has the potential to reshape rice farming all over Asia,” said Burjis Godrej, Godrej Industries Group.

On the operational side, Mitti Labs has established a farmer-centered model that leverages this technology to implement the practice shift to Alternate Wetting and Drying (AWD) on a large scale. Since launching in 2023, Mitti Labs has scaled to deliver the largest AWD rice program globally. 

About Mitti Labs 

Mitti Labs combines satellite technology, AI and field operations to create a water and climate resilient future for rice farming. To date, its programs have saved 500 billion liters of water — the equivalent of Bengaluru’s annual supply. Customers include global technology, service, food and agriculture businesses such as Cool Effect, Ebro Foods, and Syngenta. Since launching in 2023, Mitti Labs has grown to 150 employees and secured $12.5 million from investors such as Lightspeed India, Aramco Ventures, Voyager Ventures, Godrej Industries Group, Cisco Foundation, Francis Family Fund, and Volta Circle. Visit mittilabs.earth to learn more.

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Utility Global Names Robert Lane Chief Financial Officer to Drive Commercialization at Scale

Capital markets veteran joins company to fuel next phase of rapid growth

HOUSTON, Aug. 5, 2026 /PRNewswire/ — Utility Global (“Utility”), a global company enabling the economic industrial decarbonization of heavy industries, today announced the appointment of Robert Lane as Chief Financial Officer. Lane joins Utility at a defining time as the company pivots into its commercialization phase.

Lane has a proven record of scaling organizations and guiding companies through rapid commercial growth. He brings more than three decades of financial leadership across energy, industrial and growth-stage companies, most recently as CFO of Quva Pharma, where he led finance, accounting, IT and treasury functions through a period of process modernization and liquidity improvement. Previously, as Executive Vice President and CFO of Sunnova Energy International, he helped lead the company’s Initial Public Offering (IPO) and closed more than $10 billion in tax equity, debt and equity financing to fund its growth. At Spark Energy, Lane helped lead the company through several acquisitions and integrations, simplified the corporate structure, and led creative and innovative financing strategies. At Emerge Energy Services, he guided the company through its IPO and capital expansion while significantly lowering the cost of debt. Across his career, Lane has led dozens of capital markets transactions collectively worth tens of billions of dollars and has a proven track record of building the financial infrastructure to support fast-growing companies to help them scale.

“Robert has built his career taking companies from early-stage growth to full-scale commercial operations, which is exactly what Utility needs right now,” said Utility Global Chief Executive Officer Parker Meeks, “His financial leadership and experience guiding organizations through periods of growth gives us the right partner to expand the commercial deployment of our proprietary H2Gen^® technology and enable our customers to advance their decarbonization goals while extending the economic value of their existing assets.”

Utility’s proprietary H2Gen^® technology enables the production of low-carbon hydrogen by using industrial off-gases or biogas to convert water into hydrogen without electricity, while simultaneously producing a concentrated carbon dioxide stream with up to 98% purity. As Utility advances multiple commercial projects and expands its footprint across North America, Asia and Europe, Lane will lead the finance function through this next stage of growth.

“Utility is at the stage where proven technology achieves rapid commercial growth, which is the environment where I have spent my career,” Lane said. “H2Gen offers hard-to-abate industries a genuinely practical path to economic decarbonization, and I am looking forward to building the financial foundation that enables Utility to scale that technology quickly and efficiently.”

Utility Global is a portfolio company of Ara Partners, a global private equity and infrastructure firm decarbonizing the industrial economy.

About Utility Global

Utility delivers practical solutions that enable economic industrial decarbonization across hard-to-abate sectors including steel, mobility, refining, chemicals, and upstream oil & gas. The company’s patented and proprietary H2Gen^® technology harnesses energy from industrial off gases and biogases to produce application-specific, high-purity hydrogen with low-to-negative carbon intensity on-site from water, without electricity, using a proprietary electrochemical process.

H2Gen also produces a high-concentration carbon dioxide stream, significantly reducing the cost and complexity of carbon capture. Modular, scalable, and operationally flexible, H2Gen systems integrate seamlessly into existing industrial assets with a record-small footprint, enabling practical and economical decarbonization.

Utility is a portfolio company of Ara Partners, a global private equity and infrastructure firm that is decarbonizing the industrial economy.

For more information on Utility’s solutions and services, visit www.utilityglobal.com

About Ara Partners

Founded in 2017, Ara Partners is a global private markets firm focused on decarbonizing the industrial economy. The firm invests in the middle market across three strategies: Private Equity, Infrastructure, and Energy. The firm scales commercially demonstrated decarbonization solutions, supports the businesses and infrastructure that enable their adoption, and reduces emissions at the source across the conventional energy value chain. Ara’s model combines investing, market and policy expertise, project execution and operational optimization, and rigorous carbon accounting to reduce emissions economically and unlock growth at an industrial scale. The firm operates from Houston, Boston, Dublin and Washington D.C., and, as of March 31, 2026, had approximately $8.2 billion in assets under management.

For more information about Ara Partners, please visit www.arapartners.com.

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REAL Jet and Crypto.com Give Customers a New Way to Pay for Private Flights

Customers Can Now Use Crypto.com Pay™ to fly REAL Jet

NEW YORK, Aug. 5, 2026 /PRNewswire/ — REAL Jet, a REAL SLX company, has officially launched Crypto.com Pay, allowing customers to use the digital payment solution on the company’s charter booking platform. With it, REAL Jet becomes the first private aviation company to accept Crypto.com Pay for private charter flights. Customers with a Crypto.com account, booking through REAL Jet, can now select Crypto.com Pay, with transactions processed securely and in compliance with applicable regulatory standards. Crypto.com Pay is available to eligible US residents for bookings priced and settled in US Dollars (USD). The launch builds on the Crypto.com–REAL partnership formed in February 2026 to reimagine VIP experiences across business, sport, and culture.

“In 2001, we created the fractional jet card, making private aviation accessible to a much wider audience. Crypto.com Pay is the next leap forward. Crypto.com has more than 100 million users and they’re building for the next 100 million. These are the people that REAL Jet was built to serve. This generation transacts the way they live: instant, digital, and frictionless,” said Kenny Dichter, Founder and Chairman of REAL SLX.

“Partnering with REAL Jet is a milestone for Crypto.com and our Crypto.com Pay feature, which was designed for ease of use and seamless integration,” said Joe Anzures, Chief Business Officer, Crypto.com. “We are proud to support REAL Jet as it embraces the crypto payments space.”

The collaboration comes as Crypto.com accelerates its expansion across all asset classes. In July 2026, Crypto.com secured a $400 million strategic investment from Citadel Securities, its first institutional funding round, valuing the company at $20 billion. This is one of many signals that digital assets are entering the mainstream, as adoption and institutional interest continue to rise across the globe.

About Crypto.com

Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and development of new use cases including prediction markets and tokenized RWAs.

Learn more at https://crypto.com.

About REAL Jet

Created by the founders of Marquis Jet and Wheels Up, REAL Jet delivers global access to premium aircraft with flexible booking and a commitment to safety, precision, and seamless execution. Private aviation, simplified, and without long-term contracts or forced commitments. REAL Jet LLC arranges flights on aircraft operated by FAR Part 135 air carriers, or foreign equivalent, who maintain full operational control of charter flights at all times.

About REAL SLX

REAL SLX is a global sports and lifestyle experience club. REAL creates and curates bespoke real-life experiences, best-in-class hospitality, exclusive offerings, exceptional benefits, and travel for its individual members and corporate partners. REAL SLX creates meaningful connections and lasting memories.

For more information, visit: realslx.com

Follow REAL SLX on social media: @realslxofficial (Instagram) @realslx (Facebook)

@real_slx (Twitter) @real-slx (LinkedIn)

For media inquiries or partnership opportunities, contact:

press@realslx.com

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Odisha Highways Turn Greener as NHAI Plants Over 2.4 Lakh Saplings Across the State

Bhubaneswar, Aug 5: In a major step towards promoting sustainable infrastructure and environmental protection, the National Highways Authority of India (NHAI) has planted more than 2.40 lakh saplings along National Highways in Odisha, strengthening green cover across the state.

The plantation drive is part of NHAI’s efforts to combine road development with environmental conservation by creating greener highway corridors and improving ecological balance along major transport routes.

As part of the initiative, NHAI has also launched its first bamboo plantation drive in Odisha, recognising bamboo’s potential in supporting sustainable development, soil conservation, and carbon absorption.

Officials said plantation along highways will help improve air quality, reduce dust pollution, provide shade for commuters, and contribute to a healthier environment. The green corridors are also expected to enhance the visual appeal of highways while supporting local biodiversity.

The initiative reflects the growing focus on environmentally responsible infrastructure development, where economic growth and ecological protection move together.

Experts said such plantation programmes can play an important role in tackling climate challenges by increasing green cover and supporting long-term sustainability goals.

With continued efforts towards greener roads, Odisha’s highway network is set to become not only a symbol of connectivity and development but also a contributor to environmental conservation.

Haier Partners with AO 1 Point Slam to Bring Grassroots Tennis to the Grand Slam Stage

Partnership creates a new pathway for community players to experience the Australian Open

QINGDAO, China, Aug. 5, 2026 /PRNewswire/ — Haier, the world’s No.1 major appliances brand, today announced its partnership with AO 1 Point Slam, an innovative tennis initiative launched by the Australian Open that provides grassroots players with the opportunity to experience the excitement of Grand Slam competition.

The partnership connects local tennis communities with the world’s premier tennis stage, giving players of all ages and skill levels the chance to compete in local qualifying events and earn the opportunity to compete on Rod Laver Arena during Australian Open Opening Week.

To encourage broader community participation, Tennis Australia and Haier are calling on tennis clubs, associations, schools, and coaches across the country to host qualifying events. Each main-draw player at AO Opening Week will represent a local community, with the club associated with the eventual champion receiving a tennis development grant to support grassroots growth.

“Our long-standing partnership with the Australian Open has allowed Haier to connect with tennis fans and communities around the world. By expanding our collaboration to include AO 1 Point Slam, we are creating new opportunities to engage with a broader community of players and fans, bringing the excitement of the Australian Open closer to tennis communities worldwide,” said Wang Meiyan, Vice President and Chief Brand Officer of Haier Group.

“We are delighted to extend our partnership with Haier to the AO 1 Point Slam,” Tennis Australia Chief Commercial Officer Cedric Cornelis said. “Haier’s dedication to innovation and quality aligns perfectly with the values of our sport. This collaboration will not only elevate one of the newest tennis events but also supports grassroots tennis communities around the country.”

Building on more than two decades of sports marketing experience since its first collaboration with the Melbourne Tigers in 2004, Haier has expanded its presence across world-class sporting properties, partnering with leading football clubs such as Paris Saint-Germain and Liverpool FC, as well as major global events including the Australian Open and Roland-Garros.

Through these partnerships, Haier engages with diverse audiences around the world while gaining deeper insights into local cultures and consumer lifestyles. These experiences continue to inform Haier’s approach to developing products and solutions that meet the evolving needs of households across different markets.

With a global R&D network and localized innovation capabilities, Haier develops smart home solutions designed around different household environments and lifestyles. From energy-efficient washing machines tailored to European households to large-capacity appliances developed for North American consumers, Haier continues to adapt its innovations to meet diverse consumer needs.

Recognized as the world’s No.1 major appliances brand by retail volume for 17 consecutive years and as a leading global smart home enterprise, Haier strengthens its market leadership through innovation, consumer-focused solutions and local engagement. By bringing together sports, communities and technology, the company seeks to create lasting value for consumers worldwide.

For more information on community event hosting, registration, and participation details, visit tennis.com.au/one-point-slam. 

About Haier Group

Founded in 1984, Haier Group is a leading global provider of solutions for better living and digital transformation, with the purpose of “More Creation, More Possibilities”. The company has established 10 R&D centers, 35 industrial parks, and 173 manufacturing centers worldwide, generating global revenue of USD 59.8 billion in 2025. Haier is the world’s only IoT Ecosystem Brand that has been ranked among the Kantar BrandZ Top 100 Most Valuable Global Brands for 8 consecutive years. Additionally, Haier has ranked No.1 in brand share of global major home appliance sales by Euromonitor International for 17 consecutive years.

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Para Light Launches ThermaFlat™ SiC MOSFETs to Break the Thermal Barrier in High-Power Applications

Breakthrough ultra-low R_DS(_on) drift technology delivers higher efficiency, greater power density, and enhanced reliability for next-generation power systems.

NEW DELHI, Aug. 5, 2026 /PRNewswire/ — Para Light Electronics today announced the official launch of its ThermaFlat™ SiC MOSFET family (ThermaFlat™ I and ThermaFlat™ II), targeting a fundamental thermal challenge in next-generation high-power design. Powered by Para Light’s Ultra-Low R_DS(_on) Drift Technology, the new semiconductor portfolio breaks through one of the industry’s most persistent technical bottlenecks—delivering exceptional thermal stability, reduced conduction losses, and unmatched reliability across rapidly expanding electrification markets.

Solving Power Electronics’ Most Persistent Bottleneck

The global transition toward electrification—driven by artificial intelligence (AI), high-performance computing (HPC), renewable energy, electric vehicles (EVs), and energy storage—is forcing power systems to deliver higher output within smaller, cooler, and more efficient footprints.

Yet conventional silicon and SiC MOSFETs face a built-in constraint: temperature-dependent R_DS(_on) drift. As junction temperatures rise in standard devices, escalating on-resistance can trigger a costly cycle of higher conduction losses, excessive heat generation, and expanded cooling requirements, ultimately degrading system efficiency and long-term reliability, while potentially increasing thermal management costs.

~8% Resistance Drift: Redefining Thermal Stability

Para Light’s ThermaFlat™ technology directly redefines this thermal dynamic. Unlike standard SiC MOSFETs, ThermaFlat™ devices maintain virtually flat on-resistance across wide operating temperatures while sustaining exceptionally low switching losses.

In benchmark testing of Para Light’s 650 V, 21mΩ TO-247 device, R_DS(_on) changes by only approximately 8% as junction temperature swings from -25°C all the way to +125°C. By drastically outperforming conventional SiC temperature coefficients, this ultra-stable performance allows designers to preserve high efficiency under heavy load, simplify thermal management, boost power density, and reduce overall system costs without sacrificing reliability. The 1200 V ThermaFlat™ family applies a similar ultra-low temperature coefficient to mission-critical, high-power conversion architectures.

ThermaFlat™ I & II: Architecture-Ready Versatility

To support diverse design topologies, Para Light has structured the portfolio into two specialized series:

• ThermaFlat™ I Series: Offers 650 V and 1200 V options in industry-standard packages, compatible with mainstream converter topologies to accelerate development cycles and simplify integration.
• ThermaFlat™ II Series: Integrates Ultra-Low R_DS(_on) Drift with a High V_GS(_th) architecture for enhanced noise immunity and false turn-on prevention. Operating without the need for a negative gate-off voltage supply, ThermaFlat™ II enables engineers to streamline gate-driver circuitry, cut component count, lower BOM costs, and enhance system robustness.

For the full product portfolio specifications, please visit our official website at https://www.para.com.tw/en/news/%e5%85%89%e9%bc%8e%e9%9b%bb%e5%ad%90%e6%8e%a8%e5%87%ba-thermaflat-sic-mosfet-%e7%b3%bb%e5%88%97/ 

Accelerating High-Growth Power Applications

The ThermaFlat™ lineup empowers power systems R&D engineers to not only streamline system design but also lower overall costs across medium- to high-power applications, including AI data center and server power supplies, BBU and UPS systems, EV charging stations, grid-connected energy storage systems (ESS), photovoltaic (PV) inverters, variable frequency drives (VFD), and industrial automation. Para Light is continuously expanding the portfolio with additional voltage classes, current ratings, and package configurations.

Integrated Manufacturing & Global Supply Resiliency

Para Light’s expansion into advanced power semiconductors is anchored by three strategic strengths:

• Superior Manufacturing Quality: High wafer yields, dedicated in-house packaging, and stringent process controls ensure exceptional product consistency and proven long-term field reliability.
• Lower Total Cost of Ownership: Vertical integration across device design, packaging, and supply chain management delivers premium power performance at optimized overall system costs.
• Uninterrupted Global Supply: Strategic production planning, safety inventory frameworks, and responsive logistics minimize supply-chain risk for international customers.

Building on Decades of Operational Excellence

Leveraging extensive expertise in device design, wafer collaboration, advanced packaging, and supply chain management, Para Light has established a comprehensive range of IGBT and SiC MOSFET solutions. Expanding on decades of manufacturing leadership in the LED industry, the company operates a robust global footprint across Taiwan, China, the United States, India, and Myanmar.

As demand for intelligent power conversion escalates, Para Light remains committed to advancing semiconductor innovation—partnering with global OEMs to power the next generation of AI infrastructure, clean energy, and high-efficiency power systems.

# Media & Sales Contact:

• India –  Abhinav Jha: (+1) 5196710998 | abhinav.jha@para-india.com 
  
              Sunil Kumar: (+91) 892-047-8061 | bd1@para-india.com

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