Coolita launches Indonesia’s first FAST Media Alliance with leading broadcasters

JAKARTA, Indonesia, Aug. 7, 2026 /PRNewswire/ — Indonesia’s first industry alliance dedicated to FAST (Free Ad-supported Streaming TV) has been launched in Jakarta, bringing together broadcasters, technology companies and media organisations to support the digital transformation of television.

The Indonesia FAST Media Alliance was jointly initiated by Coolita and the China Intercontinental Communication Center (CICC). Its founding members include Indonesia’s leading public and private broadcasters — TVRI, Metro TV, GARUDA TV, BTV, Jawa Pos Multimedia and JAKTV — with Tencent Cloud serving as the technology partner.

FAST combines the familiar experience of linear television with internet delivery and advertising-supported streaming. Around the world, broadcasters are increasingly using FAST to extend the reach of their channels, bring local content to connected TV audiences and develop new digital distribution models.

The new alliance aims to help Indonesian broadcasters explore that transition. Members will work together on FAST channel development, digital content distribution and technology collaboration, while preserving the strengths of free-to-air television. The alliance is also expected to support broader cooperation between Indonesia’s media industry and international partners.

As a co-initiator, Coolita operates a smart TV platform across more than 100 countries and regions, serving over 40 million users worldwide, including more than five million in Indonesia. Its FAST service, Coolita Channel, offers more than 1,000 free channels across news, sports, movies and other genres, providing broadcasters with an established CTV distribution platform.

The alliance was announced during the China–Indonesia Youth Cultural Exchange Series in Jakarta, where industry representatives discussed the future of television, digital media and FAST. Participants agreed that as viewing continues to shift toward CTV, closer collaboration between broadcasters, technology providers and content partners will play an important role in supporting the next stage of Indonesia’s television industry.

The Indonesia FAST Media Alliance is intended as an open industry platform and is expected to expand as more broadcasters, content owners and ecosystem partners participate in the development of Indonesia’s FAST market.

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Saare Jahan Se Accha – Vande Mataram: Bharat Ki Virasat, Bharat Ka Garv

India is a civilization woven together by countless traditions, languages, philosophies, and artistic expressions that have flourished through the ages. At the heart of this rich heritage lies an abiding spirit of unity, resilience, and devotion to the motherland. The 21st edition of Saare Jahan Se Accha celebrates this enduring spirit through its theme, “Vande Mataram: Bharat Ki Virasat, Bharat Ka Garv.”

More than a patriotic expression, Vande Mataram embodies reverence for the land that nurtures us, inspires us, and binds us together as one people. The theme, “Vande Mataram:Bharat Ki Virasat, Bharat Ka Garv,” celebrates the nation’s magnificent cultural inheritance and the immense pride it inspires in every Indian. Through the timeless mediums of Indian classical dance and music, the festival seeks to honour India’s glorious past, celebrate its vibrant present, and inspire confidence in its future.

Saare Jahan Se Accha which was conceived in 2005 by Padmashree and Sangeet Natak Akademi Awardee Guru Ranjana Gauhar as a heartfelt artistic tribute to India’s Independence, it has emerged from her vision to celebrate the soul of the nation through the transformative power of culture. Over the past two decades, the festival has evolved into a prestigious and internationally admired cultural platform, bringing together legendary maestros, distinguished performers, emerging talent, and lovers of the arts from across the country and abroad.

A distinctive feature of the festival has been its tradition of honouring eminent artists and cultural luminaries whose lifelong dedication has enriched India’s artistic heritage and strengthened its cultural fabric.

Over the years, Saare Jahan Se Accha has paid tribute to some of the nation’s most celebrated maestros, including Padma Vibhushan and former Rajya Sabha Member Dr. Sonal Mansingh, Padma Vibhushan and Sangeet Natak Akademi Fellow Smt. Saroja Vaidyanathan, Padma Shri and Sangeet Natak Akademi Awardee Smt. Shovana Narayan, Padma Shri and Sangeet Natak Akademi Awardee Smt. Madhavi Mudgal, Padma Shri and Sangeet Natak Akademi Awardee Smt. Geeta Chandran, Padma Shri and Sangeet Natak Akademi Awardee Smt. Geeta Mahalik, and Padma Shri Ustad Wasifuddin Dagar, among many other distinguished personalities. Through these honours, the festival acknowledges their invaluable contributions to Indian art and culture while inspiring future generations to uphold and carry forward the nation’s rich artistic legacy.

As one of India’s foremost exponents of Odissi dance and a tireless cultural ambassador, Guru Ranjana Gauhar has dedicated her life to preserving, nurturing, and promoting India’s artistic traditions on both national and international stages. Under her inspiring guidance, the festival continues to uphold artistic excellence while fostering innovation, mentorship, and meaningful dialogue within the classical arts community.

The festival will present artistic interpretations that highlight the values and ideals that define the Indian ethos—unity in diversity, courage, compassion, sacrifice, spiritual wisdom, and cultural continuity. Each performance will serve as an artistic offering to the nation, reflecting the beauty, strength, and richness of India’s civilizational legacy.

As India continues to emerge as a beacon of cultural and spiritual leadership on the global stage, Saare Jahan Se Accha reaffirms the vital role of the arts in preserving national identity and fostering collective pride. Through this landmark 21st edition, the festival invites audiences to celebrate the spirit of India and experience the transformative power of its classical traditions.

Rooted in the vision of Guru Ranjana Gauhar, the festival stands as a tribute to the nation’s artistic heritage and a reminder that culture remains one of the strongest threads uniting the people of India. Through “Vande Mataram: Bharat Ki Virasat, Bharat Ka Garv,” the festival offers a heartfelt salutation to Bharat—its people, its traditions, its artists, and its timeless soul.

Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

SINGAPORE, Aug. 6, 2026 /PRNewswire/ — Seaspan Corporation Pte. Ltd. (“Seaspan”), a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in China’s domestic bond market.

The three-year private placement note was issued on July 15, 2026, with a coupon rate of 2.50% per annum. The offering was oversubscribed by Chinese onshore and international investors with a book coverage ratio of 2.3 times.

The transaction is a significant milestone for Seaspan as the first international ship owner and operator to successfully access the Panda Bond market.

Beyond establishing a new funding channel, the transaction supports Seaspan’s strategy to diversify its sources of capital and broaden its access to unsecured debt, strengthening the company’s ability to invest in its fleet, pursue growth opportunities, and create long-term value for customers and stakeholders.

“The issuance demonstrates the confidence that investors have in Seaspan’s credit quality, business model, strong financial profile, and sustainable growth strategy,” said Andreas Brauch, Chief Financial Officer. “Expanding our access to China’s domestic capital markets further diversifies our funding sources and improves our access to cost-efficient capital, enhancing our long-term growth objectives to support our customers with one of the world’s largest and most modern fleets.”

The Panda Bond issuance marks an important highpoint in Seaspan’s participation in Chinese capital markets, where the company has strategic partnerships across the maritime ecosystem, including chartering, shipbuilding, financing, and maritime services.

About Seaspan Corporation Pte. Ltd.

Seaspan is the world’s leading maritime asset-owner and operator focused on long-term, fixed-rate leases to the world’s most prominent shipping lines. As of June 30, 2026, Seaspan’s operating fleet consisted of 247 vessels, pro forma for undelivered newbuilds (including four Pure Car, Truck Carriers, five Very Large Ethane Carriers and four Open Hatch Gantry Crane vessels), with a total fleet capacity of approximately 2.5 million TEU on a fully delivered basis. 

Media Contact: Cailey Murphy, Head of Corporate Communications, Seaspan Corporation Pte. Ltd., communications@seaspancorp.com

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Seaspan Becomes First International Ship Owner and Operator to Access China’s Panda Bond Market

SINGAPORE, Aug. 6, 2026 /PRNewswire/ — Seaspan Corporation Pte. Ltd. (“Seaspan”), a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in China’s domestic bond market.

The three-year private placement note was issued on July 15, 2026, with a coupon rate of 2.50% per annum. The offering was oversubscribed by Chinese onshore and international investors with a book coverage ratio of 2.3 times.

The transaction is a significant milestone for Seaspan as the first international ship owner and operator to successfully access the Panda Bond market.

Beyond establishing a new funding channel, the transaction supports Seaspan’s strategy to diversify its sources of capital and broaden its access to unsecured debt, strengthening the company’s ability to invest in its fleet, pursue growth opportunities, and create long-term value for customers and stakeholders.

“The issuance demonstrates the confidence that investors have in Seaspan’s credit quality, business model, strong financial profile, and sustainable growth strategy,” said Andreas Brauch, Chief Financial Officer. “Expanding our access to China’s domestic capital markets further diversifies our funding sources and improves our access to cost-efficient capital, enhancing our long-term growth objectives to support our customers with one of the world’s largest and most modern fleets.”

The Panda Bond issuance marks an important highpoint in Seaspan’s participation in Chinese capital markets, where the company has strategic partnerships across the maritime ecosystem, including chartering, shipbuilding, financing, and maritime services.

About Seaspan Corporation Pte. Ltd.

Seaspan is the world’s leading maritime asset-owner and operator focused on long-term, fixed-rate leases to the world’s most prominent shipping lines. As of June 30, 2026, Seaspan’s operating fleet consisted of 247 vessels, pro forma for undelivered newbuilds (including four Pure Car, Truck Carriers, five Very Large Ethane Carriers and four Open Hatch Gantry Crane vessels), with a total fleet capacity of approximately 2.5 million TEU on a fully delivered basis. 

Media Contact: Cailey Murphy, Head of Corporate Communications, Seaspan Corporation Pte. Ltd., communications@seaspancorp.com

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/seaspan-becomes-first-international-ship-owner-and-operator-to-access-chinas-panda-bond-market-302845399.html

Solidion Technology Achieves Dramatic Balance Sheet Improvement, Increased Revenues

Private Placement Eliminates Balance Sheet Overhang and Alleviates Previously Disclosed Going Concern Doubt

DALLAS, Aug. 6, 2026 /PRNewswire/ — Solidion Technology Inc. (“Solidion” or the “Company”) (Nasdaq: STI), an advanced battery technology solutions provider, today has released Second Quarter 2026 Financial and Operating Results. The condensed consolidated financial statements of Solidion and additional information can be found in Solidion’s Form 10-Q, filed with the Securities and Exchange Commission, August 6, 2026 (the “Form 10-Q”). This earnings release should be read together with the information contained in the Form 10-Q.

Previously Announced Recent Business Highlights   

Business Development

• Successful demonstration of a high-power 9.5Ah pouch cell designed for industrial and military drone applications. The prototype delivered exceptional power stability, retaining approximately 95% of its capacity at a 10C discharge rate, a significant improvement over typical market pouch cells, which average 78% retention at 5C. Solidion expects to make the pouch cell commercially available in Q2 2026. Solidion is working toward commercial availability of the pouch cell and will provide updates as development progresses.

• The Company unveiled its new PEAK Series, an advanced UPS battery system engineered specifically for AI data centers, leveraging the Company’s high-performance 5500 silicon-carbon anode cell. The system delivers up to 30% space savings, significantly lower total cost of ownership, and up to three times longer life than conventional backup solutions. Commercial availability is expected in 2026, with Solidion currently working with select data center partners on early integration and testing.

Technological Advancements, Business Development and Corporate Updates:

• $35 Million Private Placement (June 7, 2026): Solidion announced a securities purchase agreement with a new institutional investor for 750,000 shares of common stock and pre-funded warrants to purchase 1,583,000 shares in a private placement priced above market under Nasdaq rules, generating $35 million in gross proceeds and closing on June 9, 2026. Net proceeds are earmarked to accelerate commercialization of the Company’s patented Extreme-Climate Battery technology, fulfill customer demand, expand inventory, advance prototype development, and support general working capital needs, with Titan Partners, a division of American Capital Partners, serving as sole placement agent.

• Gen-ECB / Space Battery Technology (June 4, 2026): Solidion unveiled its patented Generation Extreme-Climate Battery (Gen-ECB) platform, engineered to power satellites, LEO-based AI data centers, crewed spacecraft, and future lunar infrastructure as commercial space activity accelerates. The technology leverages graphene’s thermal conductivity and radiation resistance to actively manage cell temperature, enabling reliable operation from −80°C to +60°C and demonstrating over 500 charge cycles at −40°C — a key durability benchmark for missions like NASA’s Artemis program. Paired with the Company’s silicon-rich solid-state, anode-less lithium metal, and lithium-sulfur chemistries (targeting 380+ Wh/kg), the platform positions Solidion — backed by its 385+ patent portfolio — to supply high-reliability, domestically sourced power storage for satellites, Starship operations, and lunar surface systems, diversifying its revenue opportunity alongside its existing EV and AI data center UPS markets.

• The Company previously announced that it has entered into a non-binding Memorandum of Understanding with an entity that manufactures and distributes energy storage systems.

• The Company has been awarded a grant to advance research and development of Electrochemical Manufacturing of High-Performance Graphite Based on Biomass-Derived Carbon. This award is one of the projects funded by ARPA-E, the Advanced Research Projects Agency, from their highly competitive OPEN program.

• The Company has been awarded a grant to scale up the synthesis of a carbon-nanosphere material that will be used as an anti-corrosive additive in molten-salts-based heat transfer fluids for advanced molten salt nuclear reactors from the U.S. Department of Energy (DOE).

• The Company has been awarded a grant to develop an advanced fiber-based electronic battery system built on a coaxial carbon nanotube (CNT) yarn architecture from the U.S. Department of War/Army STTR Program.

• Solidion Technology completed a major restructuring of its August 2024 equity financing, eliminating all Series C and D Pre-Funded Warrants, along with the corresponding derivative liability, significantly strengthening the balance sheet and reducing future dilution risk. Long-term investors Madison Bond LLC and Bayside Project LLC converted their entire warrant allocation into common stock, and agreed to lock-up restrictions on those shares, subject to certain exceptions, which supports shareholder alignment and Solidion’s long-term growth strategy.

CEO Statement:

“Solidion’s much improved balance sheet reflects the commitment of long term shareholders and reaffirms the strategy of building an organization that can compete revenue wise,” said Jaymes Winters, Chief Executive Officer of Solidion Technology.

Q2 2026 Financial Highlights

• $27.7 million in cash and cash equivalents at June 30, 2026, compared to $0.2 million at December 31, 2025. Following the completion of the private placement, the substantial doubt about the Company’s ability to continue as a going concern previously disclosed has been alleviated.

• $124,914 in revenue from government grants and delivery of Solidion’s proprietary silicon anode products.

• $1.4 million loss from continuing operations, reflecting decreased spending on professional services and other public company expenses.

• Net Loss of $2.9 million, or $0.35 per basic share, including a non-cash loss of $0.9 million related to change in fair value of derivatives.

See below for additional information on Solidion’s operational results:

Summary of Statements of Operations for the Three Months Ended June 30, 2026 and 2025

Net Sales

Net sales increased by $120,914 for the three months ended June 30, 2026, to $124,914, compared to $4,000 for the three months ended June 30, 2025. The increase was primarily attributable to government grant revenue recognized during the period.

Operating Expenses

Operating expenses decreased by $296,546 for the three months ended June 30, 2026. This decrease was primarily driven by lower general and administrative costs, including reduced personnel and professional services expenses. Additionally, there were decreased research and development costs, including personnel expenses associated with the commercialization of our battery cell products and third-party validation testing of our proprietary silicon anode.

Other Income (Expense)

Other expense increased by $1,192,684 for the three months ended June 30, 2026. This increase was largely driven by a loss of $917,780 due to a change in the fair value of derivative liabilities related to the Forward Purchase Agreement and warrants related to the March private placement financing, compared to a loss of $216,150 in the three months ended June 30, 2025. Other expense for the quarter also included a $549,915 non-cash write-off of deferred offering costs associated with a registration statement the Company withdrew in June 2026, and interest expense of $153,597 primarily related to the Company’s short-term notes.

About Solidion Technology, Inc.

Headquartered in Dallas, Texas with pilot production facilities in Dayton, Ohio, Solidion’s (NASDAQ: STI) core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems, including UPS systems serving the artificial intelligence (AI) data center market and electric vehicles for ground, aerospace, and sea transportation. Solidion holds a portfolio of over 385 patents, covering innovations such as high-capacity, silane gas free and graphene-enabled silicon anodes, biomass-based graphite, advanced lithium-sulfur and lithium-metal technologies.

For more information, please visit www.solidiontech.com or contact Investor Relations.

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the “Company,” “Solidion,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/solidion-technology-achieves-dramatic-balance-sheet-improvement-increased-revenues-302845452.html

Solidion Technology Achieves Dramatic Balance Sheet Improvement, Increased Revenues

Private Placement Eliminates Balance Sheet Overhang and Alleviates Previously Disclosed Going Concern Doubt

DALLAS, Aug. 6, 2026 /PRNewswire/ — Solidion Technology Inc. (“Solidion” or the “Company”) (Nasdaq: STI), an advanced battery technology solutions provider, today has released Second Quarter 2026 Financial and Operating Results. The condensed consolidated financial statements of Solidion and additional information can be found in Solidion’s Form 10-Q, filed with the Securities and Exchange Commission, August 6, 2026 (the “Form 10-Q”). This earnings release should be read together with the information contained in the Form 10-Q.

Previously Announced Recent Business Highlights   

Business Development

• Successful demonstration of a high-power 9.5Ah pouch cell designed for industrial and military drone applications. The prototype delivered exceptional power stability, retaining approximately 95% of its capacity at a 10C discharge rate, a significant improvement over typical market pouch cells, which average 78% retention at 5C. Solidion expects to make the pouch cell commercially available in Q2 2026. Solidion is working toward commercial availability of the pouch cell and will provide updates as development progresses.

• The Company unveiled its new PEAK Series, an advanced UPS battery system engineered specifically for AI data centers, leveraging the Company’s high-performance 5500 silicon-carbon anode cell. The system delivers up to 30% space savings, significantly lower total cost of ownership, and up to three times longer life than conventional backup solutions. Commercial availability is expected in 2026, with Solidion currently working with select data center partners on early integration and testing.

Technological Advancements, Business Development and Corporate Updates:

• $35 Million Private Placement (June 7, 2026): Solidion announced a securities purchase agreement with a new institutional investor for 750,000 shares of common stock and pre-funded warrants to purchase 1,583,000 shares in a private placement priced above market under Nasdaq rules, generating $35 million in gross proceeds and closing on June 9, 2026. Net proceeds are earmarked to accelerate commercialization of the Company’s patented Extreme-Climate Battery technology, fulfill customer demand, expand inventory, advance prototype development, and support general working capital needs, with Titan Partners, a division of American Capital Partners, serving as sole placement agent.

• Gen-ECB / Space Battery Technology (June 4, 2026): Solidion unveiled its patented Generation Extreme-Climate Battery (Gen-ECB) platform, engineered to power satellites, LEO-based AI data centers, crewed spacecraft, and future lunar infrastructure as commercial space activity accelerates. The technology leverages graphene’s thermal conductivity and radiation resistance to actively manage cell temperature, enabling reliable operation from −80°C to +60°C and demonstrating over 500 charge cycles at −40°C — a key durability benchmark for missions like NASA’s Artemis program. Paired with the Company’s silicon-rich solid-state, anode-less lithium metal, and lithium-sulfur chemistries (targeting 380+ Wh/kg), the platform positions Solidion — backed by its 385+ patent portfolio — to supply high-reliability, domestically sourced power storage for satellites, Starship operations, and lunar surface systems, diversifying its revenue opportunity alongside its existing EV and AI data center UPS markets.

• The Company previously announced that it has entered into a non-binding Memorandum of Understanding with an entity that manufactures and distributes energy storage systems.

• The Company has been awarded a grant to advance research and development of Electrochemical Manufacturing of High-Performance Graphite Based on Biomass-Derived Carbon. This award is one of the projects funded by ARPA-E, the Advanced Research Projects Agency, from their highly competitive OPEN program.

• The Company has been awarded a grant to scale up the synthesis of a carbon-nanosphere material that will be used as an anti-corrosive additive in molten-salts-based heat transfer fluids for advanced molten salt nuclear reactors from the U.S. Department of Energy (DOE).

• The Company has been awarded a grant to develop an advanced fiber-based electronic battery system built on a coaxial carbon nanotube (CNT) yarn architecture from the U.S. Department of War/Army STTR Program.

• Solidion Technology completed a major restructuring of its August 2024 equity financing, eliminating all Series C and D Pre-Funded Warrants, along with the corresponding derivative liability, significantly strengthening the balance sheet and reducing future dilution risk. Long-term investors Madison Bond LLC and Bayside Project LLC converted their entire warrant allocation into common stock, and agreed to lock-up restrictions on those shares, subject to certain exceptions, which supports shareholder alignment and Solidion’s long-term growth strategy.

CEO Statement:

“Solidion’s much improved balance sheet reflects the commitment of long term shareholders and reaffirms the strategy of building an organization that can compete revenue wise,” said Jaymes Winters, Chief Executive Officer of Solidion Technology.

Q2 2026 Financial Highlights

• $27.7 million in cash and cash equivalents at June 30, 2026, compared to $0.2 million at December 31, 2025. Following the completion of the private placement, the substantial doubt about the Company’s ability to continue as a going concern previously disclosed has been alleviated.

• $124,914 in revenue from government grants and delivery of Solidion’s proprietary silicon anode products.

• $1.4 million loss from continuing operations, reflecting decreased spending on professional services and other public company expenses.

• Net Loss of $2.9 million, or $0.35 per basic share, including a non-cash loss of $0.9 million related to change in fair value of derivatives.

See below for additional information on Solidion’s operational results:

Summary of Statements of Operations for the Three Months Ended June 30, 2026 and 2025

Net Sales

Net sales increased by $120,914 for the three months ended June 30, 2026, to $124,914, compared to $4,000 for the three months ended June 30, 2025. The increase was primarily attributable to government grant revenue recognized during the period.

Operating Expenses

Operating expenses decreased by $296,546 for the three months ended June 30, 2026. This decrease was primarily driven by lower general and administrative costs, including reduced personnel and professional services expenses. Additionally, there were decreased research and development costs, including personnel expenses associated with the commercialization of our battery cell products and third-party validation testing of our proprietary silicon anode.

Other Income (Expense)

Other expense increased by $1,192,684 for the three months ended June 30, 2026. This increase was largely driven by a loss of $917,780 due to a change in the fair value of derivative liabilities related to the Forward Purchase Agreement and warrants related to the March private placement financing, compared to a loss of $216,150 in the three months ended June 30, 2025. Other expense for the quarter also included a $549,915 non-cash write-off of deferred offering costs associated with a registration statement the Company withdrew in June 2026, and interest expense of $153,597 primarily related to the Company’s short-term notes.

About Solidion Technology, Inc.

Headquartered in Dallas, Texas with pilot production facilities in Dayton, Ohio, Solidion’s (NASDAQ: STI) core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems, including UPS systems serving the artificial intelligence (AI) data center market and electric vehicles for ground, aerospace, and sea transportation. Solidion holds a portfolio of over 385 patents, covering innovations such as high-capacity, silane gas free and graphene-enabled silicon anodes, biomass-based graphite, advanced lithium-sulfur and lithium-metal technologies.

For more information, please visit www.solidiontech.com or contact Investor Relations.

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the “Company,” “Solidion,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/solidion-technology-achieves-dramatic-balance-sheet-improvement-increased-revenues-302845452.html

Lumina Datamatics Completes Acquisition of TNQTech, Creating a Global Leader in Scholarly Publishing Solutions

MUMBAI, India, Aug. 7, 2026 /PRNewswire/ — Lumina Datamatics, a global leader in content, retail support, and technology solutions, today announced the completion of its acquisition of TNQTech, a leading Chennai-based publishing technology company. This transaction marks a significant milestone in Lumina Datamatics’ organic and inorganic growth strategy and positions the combined organization among the world’s largest providers of scholarly publishing solutions.

The announcement follows the signing of a definitive agreement in December 2024 to acquire an 80% controlling stake in TNQTech. With the acquisition of the remaining 20%, the transaction has now been completed, making TNQTech a 100% wholly owned subsidiary of Lumina Datamatics.

The combined entity brings together Lumina Datamatics’ global scale, customer relationships, technology expertise, and service excellence with TNQTech’s proven leadership in scholarly publishing technology and AI-enabled solutions. In addition, this acquisition will accelerate innovation, enhance operational efficiency, and deliver greater speed, quality, and value to publishers worldwide.

Sameer Kanodia, Vice Chairman and CEO, Lumina Datamatics & TNQTech, said:

“The successful acquisition of TNQTech marks a defining milestone in our journey. Together, we have created a leading global partner for scholarly publishing solutions, combining deep domain expertise with next-generation AI technologies to help publishers transform their businesses.”

He further added, “Our focus is on driving the next wave of growth through innovation, AI-led transformation, and strategic investments in technology. Integrating exceptional talent, complementary capabilities, and a shared vision for the future, we are uniquely positioned to accelerate product innovation, expand our global footprint, and deliver greater value to customers worldwide. We believe this combination creates tremendous opportunities to redefine how scholarly content is created, managed, enriched, and delivered in the years ahead.”

Mariam Ram, Founder and Director, TNQTech, said:

“Becoming a part of Lumina Datamatics is the right step for TNQTech. Our technology and domain expertise align perfectly with their scale and reach in scholarly publishing. I am confident TNQTech’s people, products and customers are now in the hands of a reliable, trusted organization that will carry our vision forward while driving the next phase of innovation and growth.”

The combined organization is uniquely positioned to support publishers across the entire content lifecycle—from manuscript submission, peer review, and editorial workflows to production, digital publishing, accessibility, analytics, and AI-powered content enrichment. Customers will benefit from an expanded portfolio of intelligent publishing platforms, domain expertise, automation capabilities, and global scale.

As the publishing industry continues to evolve, Lumina Datamatics remains committed to driving innovation and delivering technology-enabled solutions that help publishers improve efficiency, accelerate growth, and unlock new opportunities in an increasingly digital and AI-driven landscape.

About Lumina Datamatics

Lumina Datamatics is a trusted partner providing digital content services, retail support services, and technology solutions to companies in the publishing and retail industries worldwide. With 7,500+ employees across the US, UK, Germany, the Philippines, and India, the company serves 8 of the top 10 academic publishers, and 3 of the top 5 retailers and marketplaces, delivering AI-powered, technology-driven solutions that help customers accelerate innovation, improve efficiency, and drive business growth.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/lumina-datamatics-completes-acquisition-of-tnqtech-creating-a-global-leader-in-scholarly-publishing-solutions-302845892.html

Lumina Datamatics Completes Acquisition of TNQTech, Creating a Global Leader in Scholarly Publishing Solutions

MUMBAI, India, Aug. 7, 2026 /PRNewswire/ — Lumina Datamatics, a global leader in content, retail support, and technology solutions, today announced the completion of its acquisition of TNQTech, a leading Chennai-based publishing technology company. This transaction marks a significant milestone in Lumina Datamatics’ organic and inorganic growth strategy and positions the combined organization among the world’s largest providers of scholarly publishing solutions.

The announcement follows the signing of a definitive agreement in December 2024 to acquire an 80% controlling stake in TNQTech. With the acquisition of the remaining 20%, the transaction has now been completed, making TNQTech a 100% wholly owned subsidiary of Lumina Datamatics.

The combined entity brings together Lumina Datamatics’ global scale, customer relationships, technology expertise, and service excellence with TNQTech’s proven leadership in scholarly publishing technology and AI-enabled solutions. In addition, this acquisition will accelerate innovation, enhance operational efficiency, and deliver greater speed, quality, and value to publishers worldwide.

Sameer Kanodia, Vice Chairman and CEO, Lumina Datamatics & TNQTech, said:

“The successful acquisition of TNQTech marks a defining milestone in our journey. Together, we have created a leading global partner for scholarly publishing solutions, combining deep domain expertise with next-generation AI technologies to help publishers transform their businesses.”

He further added, “Our focus is on driving the next wave of growth through innovation, AI-led transformation, and strategic investments in technology. Integrating exceptional talent, complementary capabilities, and a shared vision for the future, we are uniquely positioned to accelerate product innovation, expand our global footprint, and deliver greater value to customers worldwide. We believe this combination creates tremendous opportunities to redefine how scholarly content is created, managed, enriched, and delivered in the years ahead.”

Mariam Ram, Founder and Director, TNQTech, said:

“Becoming a part of Lumina Datamatics is the right step for TNQTech. Our technology and domain expertise align perfectly with their scale and reach in scholarly publishing. I am confident TNQTech’s people, products and customers are now in the hands of a reliable, trusted organization that will carry our vision forward while driving the next phase of innovation and growth.”

The combined organization is uniquely positioned to support publishers across the entire content lifecycle—from manuscript submission, peer review, and editorial workflows to production, digital publishing, accessibility, analytics, and AI-powered content enrichment. Customers will benefit from an expanded portfolio of intelligent publishing platforms, domain expertise, automation capabilities, and global scale.

As the publishing industry continues to evolve, Lumina Datamatics remains committed to driving innovation and delivering technology-enabled solutions that help publishers improve efficiency, accelerate growth, and unlock new opportunities in an increasingly digital and AI-driven landscape.

About Lumina Datamatics

Lumina Datamatics is a trusted partner providing digital content services, retail support services, and technology solutions to companies in the publishing and retail industries worldwide. With 7,500+ employees across the US, UK, Germany, the Philippines, and India, the company serves 8 of the top 10 academic publishers, and 3 of the top 5 retailers and marketplaces, delivering AI-powered, technology-driven solutions that help customers accelerate innovation, improve efficiency, and drive business growth.

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