Autheo Introduces the Internet Operating System: A Decentralized Coordination Layer for the Web, Blockchain, and AI

Five years in the making, Autheo is launching its decentralized operating system on Mainnet — after public testnet adoption surpassed 1.8 million wallets, nearly 1 million smart contracts, and 8.8 million transactions

SHERIDAN, Wyo., June 30 (Bernama-GLOBE NEWSWIRE) -- Autheo today launched the Mainnet of its decentralized operating system — a coordination layer enabling the Web, Web3, AI agents, and crypto applications to interoperate natively, with post-quantum security for digital identity, tokens, smart contracts, and agentic AI.

THE COORDINATION LAYER THE INTERNET NEVER HAD

Today’s blockchain landscape is fragmented — Web2, Web3, AI agents, and crypto applications cannot interoperate natively, and cross-chain bridges operate at the bridging layer. Autheo provides a coordination and execution layer where Web services, blockchain networks, and AI agents coordinate natively on a common identity, messaging, and execution surface, anchored by an on-chain, quantum-resistant trust and identity layer for agentic AI.

“We didn’t set out to build just another network,” said Scott Bayless, Managing Director and co-founder of Autheo. “We set out to find the right relation between the ones we already have. A body has many parts. A city is many trades. The Internet today is many systems — each doing its work, none of them moving as one. With Mainnet now live, Autheo is the layer where the web, the chain, and the agent can finally work together.”

FOUNDED BY LONG-TIME COLLABORATORS

Founded in July 2021 by Todd Mortenson and Scott Bayless, Autheo was built around four architectural foundations: TheoID (W3C-compliant DID for users, services, and AI agents); PQCNet (post-quantum framework on NIST standards: ML-KEM, ML-DSA, and SLH-DSA); a sovereign Cosmos SDK Layer 0 with native IBC interoperability; and an integrated EVM-compatible Layer 1 execution environment, operating as a Proof-of-Stake with delegated staking and licensed validators, secured by block finality through CometBFT consensus (“Proof of Autheo”). Engineering is led by CEngO Kenneth Harper, with contributors across MIT, Harvard, Stanford, and Caltech. Audits: Halborn (testnet) and CertiK (Mainnet). Partners include Zeeve, InfStones, Hydrex, Halborn, CertiK, TrustSwap, Team.Finance, and Utila.

TESTNET ADOPTION HAS COMPOUNDED

Autheo’s public testnet went live in 2025 and attracted 350,000 wallets and 60,000 smart contracts over its first twelve months. Following the May 12, 2026 Mainnet Phase 1 announcement, adoption accelerated: wallet addresses grew more than 5x and smart contracts more than 15x in the 45 days since. Cumulative totals:
1,812,088 wallet addresses
968,502 smart contracts

(Figures per Autheo network data, June 24, 2026. Independently verifiable on the public testnet explorer: testnet-explorer.autheo.com · verified contracts.)


“Mainnet is live,” said Todd Mortenson, Managing Director and co-founder of Autheo. “The industry will be racing to retrofit post-quantum security ahead of NIST’s timeline — our developers won’t have to. We built PQC in from the ground up. One interface for Web services, on-chain protocols, and AI agents. One million human developers on-chain within three years. And the AI agents building alongside them? Orders of magnitude more. The coordination layer for that future is live today.”


WHAT’S NEXT

Developer access (Mainnet, live today):Docs: docs.autheo.com
Mainnet block explorer: evm-explorer.autheo.com
Chain ID: 2127 (0x84f)
Public RPC endpoints: rpc1.autheo.com · rpc2.autheo.com · rpc3.autheo.com
Testnet explorer (with verified-contract source): testnet-explorer.autheo.com

The THEO token is anticipated to list on Hydrex.fi in early July 2026. Core Node, Prime Node, and Sovereign Validator (399 NFT-licensed; 275 subscribed) programs at commerce.autheo.com.

The complete press release with extended technical detail is available at autheo.com/press.

ABOUT AUTHEO

Autheo is building the Internet operating system: a decentralized coordination layer for Web, blockchain, and AI agents, anchored by PQCNet (NIST post-quantum cryptography) and W3C DIDs. Addresses the convergence of AI, blockchain, and crypto — supporting agentic AI, tokenomics, enterprise blockchain, and on-chain digital sovereignty against quantum computing. autheo.com · @Autheo_Network.

MEDIA CONTACT

Ryan Teigen, Director of Product Marketing
Email: ryan@autheo.com · press@autheo.com · Phone: 608-713-1028
autheo.com · X: @Autheo_Network

Forward-looking statements: Certain statements in this release, including statements regarding anticipated network growth, partnerships, and roadmap, are forward-looking and subject to risks and uncertainties. Actual results may differ. Autheo undertakes no obligation to update such statements except as required by law.

A video accompanying this release is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/99a95dde-f8e8-42d6-8e59-72d34724b7f9

SOURCE: Autheo LLC

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

COOCON TO LAUNCH MCP-BASED DATA BUSINESS FOR AI AGENTS

KUALA LUMPUR, June 29 (Bernama) -- COOCON, a South Korean business data platform company, planned to launch Model Context Protocol (MCP)-based data services as it expands into the artificial intelligence (AI) agent market.

The company said it aims to become a "dedicated data hub for AI agents" by converting its existing data into MCP format, enabling AI systems to directly access information across finance, the public sector, logistics and telecommunications.

COOCON chief executive officer, Kim Jong-hyun said enabling AI agents to access trustworthy data would be key to the AI era.

“We aim to evolve from providing application programming interfaces (APIs) for human users to delivering data directly for AI agents.

“COOCON’s distinctive business structure, built on the MCP open standard, will serve as a gateway to the global AI agent ecosystem," he said in a statement.

According to the company, it will launch a "Dedicated AI-Ready Data Zone" on its COOCON.NET platform in July, initially offering about 30 MCP-based products before expanding the catalogue to more than 100 products by the end of the year and its full portfolio by 2027.

COOCON said the platform is designed to enable companies to integrate external data for AI agents through standardised interfaces, reducing the need for manual system integration while supporting organisations adopting AI technologies.

The company also joined the Linux Foundation's Agentic AI Foundation in June and will participate in the MCP Working Group alongside technology companies including Anthropic, OpenAI, Google, Microsoft, Circle, Tron and Stripe to help develop global MCP standards.

COOCON said it expects the MCP-based business to strengthen revenue growth by increasing AI-driven data requests while expanding AI-compatible payment services alongside its existing data business.

-- BERNAMA

CCI France Malaysia Leads Major French Business Delegation to Sabah and Showcases French Expertise at SOGCE 2026

KOTA KINABALU, June 29 (Bernama) -- CCI France Malaysia (CCIFM) successfully concluded Business Delegation to Sabah from 23-26 June 2026, bringing together more than 50 participants representing 25 French and Malaysian companies in conjunction with the Sabah Oil, Gas & Energy Conference and Exhibition (SOGCE) 2026.

The initiative reflects the growing interest of French companies in Sabah and their commitment to strengthening their presence in East Malaysia. With more than 600 French companies established in Malaysia, the delegation provided a platform to explore new business opportunities, engage with key stakeholders and gain deeper insights into Sabah’s economic and industrial development.

Organised with the support of local partners and stakeholders, the two-day programme featured presentations and dialogue sessions with Invest Sabah and the Strategic Planning Energy Commission of Sabah, and visits to Kota Kinabalu Industrial Park, as well as Sapangar Bay Port, providing delegates with valuable insights into the state’s investment landscape, development priorities and future growth plans.

Participants also visited strategic infrastructure and energy-related facilities, offering first-hand exposure to Sabah’s growing industrial ecosystem and reinforcing the state’s position as an increasingly attractive destination for investment and business expansion.

“Sabah presents significant opportunities for international collaboration and investment. Through this delegation, we aim to strengthen connections between French and Malaysian stakeholders while creating long-term partnerships that contribute to Sabah’s economic development,” said Richard Fostier, President of CCI France Malaysia.

Following the business mission, CCIFM participated in SOGCE 2026 through the CCI France Malaysia –TotalEnergies Pavilion, bringing together leading French companies and showcasing French expertise across the energy, engineering, environmental, telecommunications and industrial sectors.

The Pavilion initiative was made possible through the support of TotalEnergies, whose sponsorship enabled CCIFM to create a collective French presence at SOGCE and facilitate the participation of French SMEs and industry players. This collaboration reflects a shared commitment to supporting the development of the French business community in Malaysia and promoting French expertise within Sabah’s growing energy ecosystem.

The Pavilion featured TotalEnergies, Iraya Energies, SeaOwl, P&A, Enviros, Botanickel, IEC Telecom, BIO-EX and 3C Metal Asia, highlighting the diversity of French solutions and capabilities serving the energy industry.

On 26 June 2026, the Pavilion was honoured by the visit of His Excellency Marc Abensour, Ambassador of France to Malaysia, who met with participating companies and reaffirmed France’s support for stronger economic and business relations between France and Malaysia, including the development of partnerships in Sabah.

To further encourage exchanges between industry stakeholders, CCIFM also organised an exclusive networking cocktail at the rooftop of Le Méridien Kota Kinabalu, sponsored by IEC Telecom. As a leading provider of satellite communications and managed connectivity solutions for the maritime, offshore, energy and remote industrial sectors, IEC Telecom welcomed delegates, exhibitors, government representatives and industry leaders for an evening dedicated to networking and business discussions.

Through its business delegation and participation at SOGCE 2026, CCI France Malaysia continues to support French companies in Malaysia, foster business partnerships and contribute to the development of new opportunities between France and Sabah.

About CCI France Malaysia

Established in 1991, CCI France Malaysia (CCIFM) is the leading French business network in Malaysia, representing more than 320 member companies and supporting a French business community of over 600 companies operating in the country. As part of the global CCI France International network spanning 95 countries, CCIFM supports companies through networking, business development, market access, company incorporation, immigration, payroll and accounting services, recruitment, and HRDC-certified training programmes.

SOURCE: CCI France Malaysia (CCIFM)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Alban Simonte
Tel: 03-2714 6151
Email: alban@mfcci.com

--BERNAMA

Guest Supply To Distribute RODA Skincare Products Across APAC Hotels

KUALA LUMPUR, June 25 (Bernama) -- Guest Supply, part of Sysco Corporation, has inked a licensing agreement with RODA to manufacture and distribute RODA-branded skincare and personal care products across the Asia Pacific (APAC) for the hotel sector.

According to a statement, the agreement combines Guest Supply’s hospitality manufacturing, distribution and service capabilities with RODA’s clinically formulated approach to skin and hair care.

“RODA brings a distinctive, clinically formulated skincare proposition grounded in innovation, which will resonate with hotels looking to elevate the in-room experience,” said Guest Supply senior vice president, EMEA and APAC regions, Gustaf Lantz.

Under the agreement, Guest Supply will align RODA collections to hospitality operating requirements while maintaining brand standards, including quality assurance, scalable supply and simplified ordering for hotel partners via its established supply chain.

Created in Barcelona, RODA develops products for sensitive skin and formulates them to suit all skin types. The brand combines natural active ingredients with advanced research, technology and a sustainability-led approach.

Its development model draws on ingredient analysis, scientific literature and product review insights, supporting exclusive formulations developed in-house with pharmacists and dermatological experts.

RODA is selectively distributed globally through dermatology clinics, concept stores and selected hotels. Through the APAC licensing partnership, Guest Supply will expand the brand’s availability to hospitality customers across the region.

-- BERNAMA

OMODA I JAECOO UNVEILS GEN-O MALAYSIA, REDEFINING THE OWNER EXPERIENCE THROUGH LIFESTYLE AND COMMUNITY

GEN-O Members Gather To Celebrate Innovation, Lifestyle And The Evolving OMODA Lineup  

KUALA LUMPUR, June 23 (Bernama) -- As its vibrant customer base and model portfolio continue to grow in Malaysia, OMODA | JAECOO Malaysia has unveiled the GEN-O MALAYSIA, a dedicated lifestyle community created to bring together current and future OMODA owners through exclusive experiences, shared passions and a sense of belonging that extends beyond ownership itself.

Executive Vice President, Chery Corporate Malaysia, Mr Men Lin Bo said, “GEN-O is a lifestyle community established for OMODA owners to connect, forge friendships and share experiences that embody the spirit of the brand. At Chery Corporate Malaysia, we aspire to deliver more than quality vehicles. Whether customers drive an OMODA, JAECOO or CHERY model, we are committed to providing an ownership journey defined by confidence, peace of mind and memorable experiences.”

The establishment of GEN-O reflects OMODA | JAECOO Malaysia's continued investment in its customers, recognising that modern consumers increasingly seek experiences, communities and lifestyles that resonate with their identities and aspirations.  

As the OMODA portfolio expands with current models such as the OMODA C9 and C9 PHEV, alongside upcoming additions including the OMODA C7, GEN-O serves as a platform designed to unite owners under an ethos of unity, common spirit and shared experiences.

Head of OMODA | JAECOO Malaysia, Chris Tan said, “At OMODA | JAECOO Malaysia, each model carries its own distinct identity and character. OMODA stands apart with its futuristic style, performance and tech-forward appeal, which inspired us to introduce Gen-O as a dedicated platform offering curated lifestyle experiences that complement the aspirations of our customers, while assuring every customer that we remain beside them throughout their ownership journey”.

Going beyond a conventional owner’s community, GEN-O embodies OMODA's ambition to cultivate a vibrant ecosystem centred around style, creativity and self-expression. Inspired by the brand's youthful DNA and the vision behind its name. With ‘O' representing oxygen and MODA inspired by modern fashion, GEN-O provides a platform where owners can connect through shared interests and curated experiences spanning travel, culture, fashion and lifestyle.
 
The initiative also by OMODA I JAECOO Malaysia represents the next phase of OMODA's customer engagement strategy, reinforcing the brand's commitment to investing in long-term relationships with owners while supporting an expanding portfolio that will welcome new members into the community in the years ahead.
 
Igniting New Experiences with The GEN-O Malaysia Launch
The launch of GEN-O on 20 June 2026 brought together more than 250 guests and approximately 135 OMODA | JAECOO vehicles, reflecting the growing enthusiasm and engagement among OMODA owners in Malaysia.
 
As the brand’s first dedicated owners’ lifestyle platform, GEN-O serves as a gateway to exclusive experiences, member privileges and meaningful connections among owners who share a passion for style, innovation and self-expression.
 
Members will enjoy invitations to exclusive events, lifestyle collaborations, community activities and curated experiences designed to enrich their ownership journey beyond the vehicle itself. The event also featured a variety of football-themed interactive games, delivering an electrifying atmosphere and an exclusive experience of this summer's global football spectacle to the attending guests.
 
The launch also featured a special appearance by the AIMOGA humanoid robot, showcasing OMODA’s vision for the future of intelligent mobility. Combining advanced artificial intelligence with interactive human-machine engagement, AIMOGA provided guests with a glimpse into how emerging technologies could enhance future customer experiences and further strengthen the connection between people, vehicles and lifestyle ecosystems.

Redefining Style With The Upcoming OMODA C7
Beyond celebrating its community, OMODA | JAECOO Malaysia also offered GEN-O members an exclusive preview of the OMODA C7, slated to go on sale in Malaysia in the coming months, further underscoring the brand's growing product portfolio and signalling the next chapter of expansion in Malaysia.
 
Designed for a new generation of style-conscious and technology-driven customers, the OMODA C7 reflects OMODA’s commitment to delivering vehicles that seamlessly blend fashion, innovation and everyday practicality.
 
The SUV showcases OMODA’s bold design language through its distinctive shark-nose front fascia, sleek LED lighting elements and body-coloured parametric grille. A signature illuminated hexagonal lighting motif further enhances its futuristic appearance, while its sculpted profile and dynamic proportions create a strong and confident road presence.
 
The launch of GEN-O marks the beginning of a broader ecosystem of experiences that OMODA | JAECOO Malaysia is building for its customers. From exclusive events and brand collaborations to cultural and lifestyle engagements, GEN-O is envisioned as a platform that grows alongside the expanding OMODA family and product portfolio.
 
For the latest updates on GEN-O Malaysia and other brand activities, customers may follow OMODA | JAECOO Malaysia on its official social media platforms or visit the OMODA | JAECOO Malaysia website.

About OMODA│JAECOO
OMODA | JAECOO is centred around the core concept of “People + Car + Life”. The brand is committed to building an all-encompassing and multi-dimensional

“O-UNIVERSE” ecosystem that unites innovative automotive technology with the aspirational lifestyles of discerning consumers.

OMODA is a fashion-forward, cross-category brand, created with the consideration of an emerging Lifestyles of Health and Sustainability (LOHAS) generation embedded in its DNA. 

Designed for a generation eager to redefine the status quo, OMODA sets itself apart by providing young consumers with personalised and modernised mobility solutions and experiences. 

Meanwhile, JAECOO is the fearless premium off-road brand that caters to the urban elite and adventure seekers. Living up to its "From Classic, Beyond Classic" brand philosophy, JAECOO is committed to breaking through the barriers of the global off-road vehicle market, leading new trends, and conquering global extremes with extraordinary, refined style and outstanding performance.

While personalised to serve distinct audiences, OMODA and JAECOO are complementary by design. In Malaysia, the transition to OMODA | JAECOO signals an exciting future of limitless possibilities encompassing, cutting-edge technology, unrivalled automotive performance, customer-centric experiences, and new energy solutions.

Issued by: OMODA ꟾ JAECOO Malaysia
Through: Centriq PR Sdn. Bhd.

SOURCE: JAECOO Auto Malaysia Sdn. Bhd

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Jacqueline Arnold / Arvinda Kumar
Tel: 03 5524 1266

--BERNAMA

Tokyo Skytree To Host Chiikawa Collaboration Event From July

KUALA LUMPUR, June 25 (Bernama) -- Tobu Tower Skytree Co Ltd, operator of Tokyo Skytree, has announced its second collaboration event with the popular character "Chiikawa", marking the first such collaboration in three years.

The event, titled "Chiikawa Starry SKYTREE and the Secret Island", will run from July 10 to Oct 31 in celebration of the character's film, "Chiikawa the Movie: The Secret of the Mermaid Island", which is set for release in July.

During the event, visitors can enjoy special decorations featuring original visuals along the 450-metre-high Tembo Galleria, as well as event-exclusive merchandise, themed cafe menu items and photo shoot services.

A special screening will also be held at Skytree Round Theater on the 350-metre-high Tembo Deck, where the windows will be transformed into a giant screen. The exterior of the tower will also feature special illuminations inspired by Chiikawa characters.

According to the operator in a statement, guests wishing to purchase items from the event-exclusive menu at Skytree Cafe on Tembo Deck Floor 340 must obtain an "Observation Deck Admission Ticket with Meal Voucher".

Details on ticket purchases, meal vouchers and event-exclusive merchandise are available on the event's dedicated website.

The Tokyo Skytree is the world's tallest free-standing broadcasting tower and features two observation decks, the Tembo Deck and Tembo Galleria. The tower is illuminated nightly with three signature lighting themes, alongside special illuminations for seasonal and commemorative events.

-- BERNAMA

RHB ISLAMIC ADVANCES FINANCIAL INCLUSION AMONG OVER 650,000 STUDENTS THROUGH MYSISWA AND MYTVETKPM ECOSYSTEM

Group photo of winners together with senior leadership and representatives from RHB Bank, RHB Islamic Bank, PayNet, the Ministry of Higher Education and various universities at the RHB Debit Card-i Campaign Season 5 prize-giving ceremony held at RHB Centre.

 

RHB Debit Card-i Campaign Season 5 records RM262 million in cashless spending as students embrace responsible digital financial habits 

KUALA LUMPUR, June 24 (Bernama) -- RHB Islamic Bank Berhad (“RHB Islamic” or “the Bank”) has successfully concluded Season 5 of the RHB Debit Card-i Campaign, organised by the Bank in support of MySiswa and MyTVETKPM initiatives, which generated RM262 million in cashless spending from 1 October 2025 to 31 January 2026, representing more than 50% year-on-year growth and over 40% increase compared to the pre-campaign period. 

The campaign marks the first full season to include both MySiswa and MyTVETKPM cardholders, extending access to digital banking and cashless payment solutions to students across public universities, vocational colleges and technical institutions nationwide. 

The campaign encourages students to adopt more convenient and secure ways of managing their daily expenses, giving them better visibility and control over their spending throughout their studies. 

This is reflected in the continued uptake of cashless payments among public university and technical and vocational education (“TVET”) students, supported by a growing base of over 650,000 cardholders nationwide.

To celebrate the campaign’s top winners, a prize-giving ceremony was held at RHB Centre. Five grand prize winners received RM10,000 in cash, alongside 10 second prize winners and 19 third prize winners who received RM5,000 and RM1,000, respectively. The campaign generated 26.8 million DuitNow QR and FPX transactions among RHB's student customer base, demonstrating strong adoption of digital payments. In partnership with Payment Network Malaysia (“PayNet”), the campaign rewarded 354 winners with prizes worth a total of RM179,000.

Dato’ Adissadikin Ali, Managing Director of RHB Islamic Bank Berhad, said, “At RHB Islamic, we believe financial capability starts early. The MySiswa and MyTVETKPM initiatives go beyond providing students with a payment tool. They are designed to introduce young Malaysians to responsible financial management, digital banking and cashless transactions at an important stage of their lives.”
 
“The strong adoption we are seeing today reflects growing confidence among students in managing their finances digitally and responsibly. As they progress from education into employment, entrepreneurship and professional careers, we hope these early experiences will help build stronger financial habits and greater financial resilience for the future," added Dato’ Adissadikin Ali.
 
The RHB MySiswa Debit Card-i, as well as the newly introduced RHB MyTVETKPM Debit Card-i in 2025 in collaboration with the Ministry of Education (“MOE”), function as a debit and student identification cards, enabling seamless cashless transactions while providing access to campus services such as attendance tracking, library facilities and secure entry points.
 
RHB Islamic remains committed to supporting the broader education ecosystem by delivering accessible financial solutions that serve students across universities and TVET institutions, while fostering long-term banking relationships as they move beyond their studies.
 
To date, RHB Islamic has partnered with more than 20 universities, 86 vocational colleges and nine technical schools nationwide, supporting over 650,000 students through the MySiswa and MyTVETKPM ecosystem.
 
Students can explore the benefits of the RHB MySiswa Debit Card-i and RHB MyTVETKPM Debit Card-i by visiting the RHB Joy@Uni portal at https://www.rhbgroup.com/personal/deposits/joy-at-uni/index.html.
  

Customers may call our Customer Contact Centre at 03–9206 8118 for enquiries on RHB’s products and services.

 
About RHB Banking Group
RHB Banking Group is one of Malaysia’s longest-standing and leading financial institutions, with a proud heritage spanning over a century. Headquartered in Kuala Lumpur, Malaysia, the Group has a strong presence across seven ASEAN markets and is powered by a workforce of about 13,000 employees. United by a common purpose – Together We Progress – RHB is committed to empowering individuals, businesses and communities to grow and progress together.
 
As a fully integrated financial group, our core businesses are structured into six key pillars: Group Community Banking, Group Corporate & Business Banking, Group Wholesale Banking, Group Shariah Business, Group International Business and Group Insurance. We offer comprehensive and innovative financial solutions through RHB Bank Berhad and our key subsidiaries: RHB Investment Bank Berhad, RHB Islamic Bank Berhad, and RHB Insurance Berhad. Our asset management and unit trust businesses are undertaken by RHB Asset Management Sdn. Bhd. and RHB Islamic International Asset Management Berhad.
 
RHB Bank Berhad is listed on Bursa Malaysia with a market capitalisation of RM36.5 bilion as at 22 June 2026.
 
Guided by our purpose, RHB is focused on delivering meaningful and sustainable value by driving innovation, fostering inclusive growth, and strengthening long-term resilience to meet the evolving needs of our customers, communities, and the broader financial ecosystem.
 
For more information, please visit www.rhbgroup.com.
 
Malaysia | Singapore | Indonesia | Thailand | Brunei | Cambodia | Lao PDR 

Issued on behalf of RHB Bank Berhad by Group Corporate Communications. 

SOURCE: RHB Islamic Bank Berhad

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Azim Daman
Tel: 017-380 9497 
Email: azim.daman@rhbgroup.com

Name: Nishanthi Palani
Tel: 012-420 0812
Email: nishanthi.palani@rhbgroup.com

--BERNAMA 

FEYTECH Inks the First CAuto Partnership to Address Critical Automotive Talent Gap for EV Era

Caption (From left to right):

1. Mohd Riduan Abd. Rahman, Executive Director, Investment Facilitation, MIDA
2. Datuk Syed Hisham Syed Wazir, Chairman, Progressive Impact Corporation Berhad
3. Prof. Dr. Yatimah Binti Alias, Vice Chancellor, Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA)
4. Tan Sri Dato’ Sri Ben Yeoh, Executive Chairman, Bermaz Auto Berhad
5. Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO, MIDA
6. Connie Go, CEO, Feytech Holdings Berhad
7. Dato’ Mazlan Mohamad, Independent Non-Executive Chairman, Feytech Holdings Berhad

Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA) leads a five-university academic front to deploy the structured 'MRI3' framework for advanced industrial internships and direct employment pipelines.

KUALA LUMPUR, June 23 (Bernama) -- As Malaysia's electric vehicle (EV) transition accelerates, Feytech Holdings Berhad (Feytech) today signed a Memorandum of Understanding (MoU) with the Consortium Automotive of Malaysian Universities (CAuto), led by Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA) and witnessed by the Malaysian Investment Development Authority (MIDA) to establish an industry-first multi-university internship pipeline connecting five major technical public universities with the automotive manufacturing sector.

CAuto’s formation unifies Malaysia’s top technical universities into a singular academic front, and this milestone agreement with Feytech delivers concrete pathways for students.

Under the joint Ministry of Higher Education Research and Industry-Infused Incubator (MRI3) framework, Feytech will provide critical work-based learning (WBL), industrial training and final year project opportunities.

It also provides competitive internship allowances and commits to full sponsorships for select student final year projects to build a resilient employment pipeline. Suitable engineering graduates will be targeted for strategic career pathways within Feytech’s ecosystem, keeping Malaysian engineering talent at the forefront of the EV and smart manufacturing era.

Witnessing the MoU signing, MIDA CEO, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said that this partnership comes at an opportune time and is instrumental in empowering local public technical institutions to align more closely with the needs of next-generation automotive ecosystems.

He said, “Malaysia’s ability to attract and sustain high quality investments depends on the strengths of its talent pipeline. As the automotive industry undergoes rapid transformation driven by electrification, automation, and digitalisation, closer collaboration between industry and academia has become more important than ever.

This collaboration goes beyond internships and industrial training. It creates a pathway for students to learn from real manufacturing environments, work with actual production technologies, solve industry challenges, and contribute to innovation even before they graduate. At the same time, it supports the development of local capabilities and talent required to strengthen supply chain localisation, enhance competitiveness, and increase the participation of Malaysian companies in higher value-added activities within the automotive ecosystem.”

Meanwhile, the CEO of Feytech, Connie Go emphasised the importance of talent development and technology advancement as the country transitions rapidly towards EV adoption.

“While the Government continues to support the industry through progressive policies, industry players must play their part by creating opportunities for students, developing future-ready talent and supporting technology transfer.

“This partnership with CAuto ensures we're not just meeting today's workforce needs but preparing students for the AI-integrated smart factories and EV production environments of tomorrow,” she added.

At the same time, Prof. Ts. Dr. Yatimah Alias, the Chairman of CAuto and ViceChancellor of UMPSA, representing the five-member universities (UMPSA, UTHM, UTeM, UniMAP, and UTM), highlighted the collective strength of the academic network.

"This partnership is an important step in bringing universities and industry closer together. Through CAuto, students from five public universities will have greater access to meaningful industry exposure and practical learning opportunities in the electric vehicle and automotive manufacturing sectors.

We want our students to understand real industry expectations, apply what they learn in the classroom and be better prepared for the workplace. At the same time, this collaboration will help universities keep their programmes relevant to the changing needs of the industry,” she said.

For more information about the companies, please refer: https://tinyurl.com/5n8tevy7

SOURCE: Malaysian Investment Development Authority (MIDA)

FOR MORE INFORMATION, PLEASE CONTACT:
MIDA
Name: Puan Azrina Hashim
Designation: Director, Industry Talent Management and Expatriate Division
Tel: +603-2267 3454
Email: azrina@mida.gov.my

Feytech Holdings Berhad
Name: Ms Michelle Tan
Designation: P.A to CEO
Tel: +6012-2188861
Email: pa.ceo@gosfordseat.com

UMPSA
Name: Mimi Rabita Abdul Wahit
Designation: Director for Corporate Communications
Tel: +6019-9887321
Email: mimirabitah@umpsa.edu.my

--BERNAMA

Holafly: Japan, South Korea Gain Ground In Global Summer Travel

KUALA LUMPUR, June 19 (Bernama) -- Spain remains the world's most popular summer travel destination, but Asian markets are rapidly gaining momentum, with Japan rising to second place globally and South Korea recording the strongest growth among leading destinations, according to Holafly's Summer Travel Report 2026.

The travel eSIM provider said Spain retained the top position in its latest ranking, followed by Japan, the United States and South Korea. Thailand also entered the global top 10 for the first time, underscoring Asia's growing influence on international travel demand.

Holafly Brand Director, Daniela Prado said Asia is generating the strongest momentum in global tourism, with Japan and South Korea increasingly attracting travellers from multiple regions and shaping a new generation of international travel experiences.

In a statement, Holafly said the findings point to a shift in global travel preferences, with Asian destinations attracting increasing interest from travellers across North America, Europe and the Asia-Pacific region.

Japan emerged as one of the strongest performers in the survey, while Tokyo was the most-mentioned city destination. The report attributed the country's appeal to its combination of culture, cuisine, technology, nature and entertainment offerings.

The study also found that 46.4 per cent of respondents plan to travel abroad this year, up from 37.6 per cent in 2025. More than half expect to visit multiple destinations during a single trip, reflecting growing demand for longer and experience-driven itineraries.

Holafly said major international events are helping drive the trend, with 75 per cent of travellers planning to attend the FIFA World Cup intending to visit two or more host cities during their journeys.

According to the Japan National Tourism Organization, Japan recorded a record number of international visitors in 2025, while South Korea continues to benefit from the global popularity of Korean culture, entertainment and cuisine.

-- BERNAMA

Defiance Launches Europe’s First Memory UCITS ETF (DRAM)

• Defiance has expanded its European ETF lineup with the launch of the Defiance Memory UCITS ETF (ticker: DRAM).
• The ETF seeks to provide exposure to companies involved in the development, manufacturing, commercialisation, and storage of memory semiconductors and data storage systems.
• In the U.S., memory-focused ETFs have gathered around $20 billion in assets under management (AUM).1
• The ETF is listed on Xetra and Borsa Italiana, with the London Stock Exchange to follow.

MIAMI, June 19 (Bernama-GLOBE NEWSWIRE) -- Defiance ETFs is excited to announce the launch of the Defiance Memory UCITS ETF (ticker: DRAM), Europe’s first memory ETF. The Fund seeks to provide exposure to companies involved in the development, manufacturing, commercialisation, and storage of memory semiconductors and data storage systems.

Defiance Memory UCITS ETF
ISIN: IE000CEUZ052
TER: 0.69%
Exchange Bloomberg Ticker SEDOL Trading Currency
Xetra DRAM GY BVVG296 EUR
Borsa Italiana DRAM IM BVVG2B8 USD

Memory prices are moving higher. Demand from AI, cloud computing, and data centres is absorbing a growing share of advanced memory capacity, while major manufacturers are prioritising higher-margin areas such as high-bandwidth memory and server-grade DRAM (Dynamic Random Access Memory) over more commoditised consumer applications.2

This shift is creating pressure across the wider technology supply chain. As supply is redirected towards AI infrastructure and hyperscale data centres, manufacturers of everyday devices are facing higher input costs and tighter availability.

This year, it is expected that there will not be enough memory to meet worldwide demand.3 DRAM and solid-state drive (SSD) prices could rise as much as 130% by the end of 2026, according to Gartner.4

Exposure to the memory sector through ETFs has so far only been possible in the U.S., where assets are now around $20 billion.5 The Defiance Memory UCITS ETF seeks to give European investors the opportunity to access the memory sector, which will need to expand to keep up with AI-driven demand.

This is Defiance’s 4th launch since entering the European UCITS ETF market earlier this year.

Defiance UCITS Lineup Ticker
Defiance AI & Power Infrastructure UCITS ETF AIPO
Defiance Memory UCITS ETF DRAM
Drone UCITS ETF DRON
Ukraine Reconstruction UCITS ETF UKRN

Sylvia Jablonski, CIO of Defiance ETFs, commented: “Memory is the foundational layer of the AI economy. Every model training run, inference workload, and hyperscale data centre expansion depends on DRAM, HBM, and advanced storage. DRAM gives European investors a direct, rules-based way to access this segment of the AI value chain, complementing the power infrastructure exposure already available through AIPO.”

Hector McNeil, Co-Founder and Co-CEO of HANetf, commented: “We are delighted to be partnering with Defiance to launch the Defiance Memory UCITS ETF. The ETF captures a sector that has seen significant growth recently, driven predominantly by the rise of AI and its infrastructure. This ETF particularly complements Defiance’s AIPO ETF, which provides access to the power infrastructure behind the AI buildout.”

For full fund details, including the prospectus and Key Information Document, visit hanetf.com.

About Defiance ETFs

Founded in 2018, Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs. The firm manages 75+ ETFs designed to provide targeted exposure to high-growth sectors including AI infrastructure, quantum computing, drones and modern warfare, and other emerging technologies.

About HANetf

HANetf is an independent provider of UCITS ETFs, working with asset management companies to bring differentiated, modern, and innovative exposures to European ETF investors. Via our white-label ETF platform, HANetf provides a complete operational, regulatory, distribution and marketing solution for asset managers to launch and manage UCITS ETFs. www.hanetf.com

Media Contact

Brenda Hentschel | bhentschel@gregoryagency.com | 201.705.3758

For European media enquiries:
Italy: Elena Soffientini, Mymediarelation | soffientini@mymediarelation.it | +39 375 670 62 07
Germany: Caroline Chojnowski, Public Imaging | Caroline.Chojnowski@publicimaging.de | +49 (0)40-401 999 - 23

Important Information

Communications issued in the European Economic Area (“EEA”)
The content in this document is issued and approved by HANetf EU Limited (“HANetf EU”). HANetf EU is authorised and regulated by the Central Bank of Ireland. HANetf EU is registered in Ireland with registration number 728832.

Communications issued in the UK
The content in this document is issued by HANetf Limited (“HANetf”) and approved by Privium Fund Management (UK) Limited (“Privium”). HANetf is an appointed representative of Privium, which is authorised and regulated by the Financial Conduct Authority. The registered office of Privium is The Shard, 24th Floor, 32 London Bridge Street, London, SE1 9SG.

This communication has been prepared for professional investors, but the ETCs and ETFs set out in this communication (“Products”) may be available in some jurisdictions to any investors. Please check with your broker or intermediary that the relevant Product is available in your jurisdiction and suitable for your investment profile.

Past performance is not a reliable indicator of future performance. The price of the Products may vary and they do not offer a fixed income.

This document may contain forward looking statements including statements regarding our belief or current expectations with regards to the performance of certain assets classes. Forward looking statements are subject to certain risks, uncertainties and assumptions. There can be no assurance that such statements will be accurate and actual results could differ materially from those anticipated in such statements. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements.

The content of this document is for information purposes and for your internal use only, and does not constitute an investment advice, recommendation, investment research or an offer for sale nor a solicitation of an offer to buy any Product or make any investment.

An investment in an exchange traded product is dependent on the performance of the underlying asset class, less costs, but it is not expected to track that performance exactly. The Products involve numerous risks including among others, general market risks relating to underlying adverse price movements in an Index (for ETFs) or underlying asset class and currency, liquidity, operational, legal and regulatory risks. In addition, in relation to Cryptocurrency ETCs, these are highly volatile digital assets and performance is unpredictable.

The information contained on this document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of securities in the United States or any province or territory thereof, where none of the Issuers (as defined below) or their Products are authorised or registered for distribution and where no prospectus of any of the Issuers has been filed with any securities commission or regulatory authority. No document or information on this document should be taken, transmitted or distributed (directly or indirectly) into the United States. None of the Issuers, nor any securities issued by it, have been or will be registered under the United States Securities Act of 1933 or the Investment Company Act of 1940 or qualified under any applicable state securities statutes.

The Issuers:
1. HANetf ICAV and HANetf ICAV II are open-ended Irish collective asset management vehicles and are the issuers of the ETFs under the terms in the relevant Prospectuses and relevant Supplements for each ETF approved by the Central Bank of Ireland (“CBI”) (each an “ETF Prospectus” and together the “ETF Prospectuses”). Investors should read the current version of the relevant ETF Prospectus before investing and should refer to the section of the relevant ETF Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the ETFs. Any decision to invest should be based on the information contained in the ETF Prospectuses.

2. HANetf ETC Securities plc, a public limited company incorporated in Ireland, issuing under the terms in the Base Prospectus approved by the Central Bank of Ireland and the final terms of the relevant series (“ETC Securities Documentation”) is the issuer of the precious metals ETCs. Investors should read the latest version of the ETC Securities Documentation before investing and should refer to the section of the Base Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the ETCs. Any decision to invest should be based on the information contained in the ETC Securities Documentation.

3. Bitwise Europe GmbH, a limited liability company incorporated under the laws of the Federal Republic of Germany, issuing under the terms in the Prospectus approved by the Bundesanstalt für Finanzdienstleistungsaufsicht (“BaFin”) and the final terms (“Cryptocurrency Prospectus”) is the issuer of the ETCM ETCs. Investors should read the latest version of the Cryptocurrency Prospectus before investing and should refer to the section of the Cryptocurrency Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the ETCs contained in the Cryptocurrency Prospectus. Any decision to invest should be based on the information contained in the Cryptocurrency Prospectus.

4. HANetf Multi-Asset ETC Issuer plc, a public company incorporated in Jersey, issuing under the terms in the Base Prospectuses approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) (the “SFSA”), the United Kingdom Financial Conduct Authority (“FCA”) and the final terms of the relevant series (“Multi-Asset ETC Securities Documentation”) is the issuer of ETCs linked to and secured by various underlying assets. Investors should read the latest version of the ETC Securities Documentation before investing and should refer to the section of the relevant Base Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the ETCs. Any decision to invest should be based on the information contained in the ETC Securities Documentation.

The relevant ETF Prospectuses, ETC Securities Documentation, Multi-Asset ETC Securities Documentation and Cryptocurrency Prospectus can all be downloaded from www.hanetf.com.

The decision and amount to invest in any Product should take into consideration your specific circumstances after seeking independent investment, tax and legal advice. We do not control and are not responsible for the content of third-party websites.

We believe the information in this document is based on reliable sources, but its accuracy cannot be guaranteed. The views expressed are the views of HANetf at time of publication and may change. Neither Privium nor HANetf is liable for any losses relating to the accuracy, completeness or use of information in this communication, including any consequential loss.

FOR SWISS INVESTORS ONLY: The Fund has appointed as Swiss Representative Waystone Fund Services (Switzerland) SA, Av. Villamont 17, 1005 Lausanne, Switzerland, Tel: +41 21 311 17 77, email: switzerland@waystone.com. The Fund’s Swiss paying agent is Helvetische Bank AG. The Prospectus, the Key Investor Information Documents, the Instrument of Incorporation as well as the annual and semi-annual reports may be obtained free of charge from the Swiss Representative in Lausanne. The issue and redemption prices are published at each issue and redemption on www.fundinfo.com.

1Source: ETFBook. Data as at 06/16/2026.
2Source: Forbes, 2026.
3Source: CNBC, 2026.
4Source: Gartner, 2026.
5Source: ETFBook. Data as at 06/16/2026.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a566fcca-b8ad-4109-9d41-2af9ee73c275

SOURCE: Defiance ETFs

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

DAICEL POM POWDER ENABLES STICK LUBRICANT INNOVATION

KUALA LUMPUR, June 18 (Bernama) -- Daicel Corporation’s High Performance Polymers Strategic Business Unit (formerly Polyplastics Co Ltd) has announced its DURAST POM fine powder has been adopted in a new stick-form lubricant developed by Japan-based Maia Co Ltd, marking a novel application for the engineering plastic material in maintenance operations.

The solid lubricant is designed to address common issues associated with conventional liquid lubricants, including dripping, splattering and waste resulting from over-application.

By incorporating DURAST POM fine powder, the product aims to improve efficiency and cleanliness across a range of maintenance environments, according to Daicel in a statement.

The lubricant is manufactured using Maia’s proprietary Sol-Mid technology, which enables the product to be supplied in a stick-shaped format and moulded into customised forms according to customer requirements.

The formulation combines ultra-high molecular weight polyethylene (UHMW-PE) with grease, and DURAST POM acts as an interlayer that helps maintain compatibility between the two components.

The stick format eliminates the risk of leakage typically associated with liquid lubricants while offering greater portability for maintenance personnel servicing office equipment and industrial machinery. The product can reduce the use of conventional maintenance oil by around 80 per cent in office equipment applications.

Daicel said it developed a proprietary manufacturing process for DURAST POM after conventional grinding methods proved unsuitable for producing uniform powders from general-purpose resins. The resulting material features a distinctive particle shape and a controlled, fine and sharp particle size distribution.

The company plans to commercialise the solution on a larger scale, targeting maintenance applications for major office equipment manufacturers as well as industrial sectors including machinery repair, bicycle maintenance and conveyor systems.

-- BERNAMA

Univar Solutions Expands EMEA Distribution Pact With American Distilling

KUALA LUMPUR, June 18 (Bernama) -- Univar Solutions B.V., a subsidiary of Univar Solutions LLC (Univar Solutions), has expanded its distribution partnership with American Distilling to supply a broader range of natural speciality ingredients across select Europe, Middle East and Africa (EMEA) markets through its Ingredients + Specialties division.

Under the agreement, Univar Solutions will distribute American Distilling’s portfolio of botanical-based ingredients, including traditional witch hazel in alcohol-free and customisable grades for use in personal care, cosmetic and pharmaceutical applications, according to a statement.

Univar Solutions Ingredients + Specialties chief executive officer, Nick Powell said the partnership enhances the company’s position as a trusted distributor for botanical ingredients in EMEA.

He added that regional technical teams and supply chain infrastructure would improve service levels and product availability.

Meanwhile, American Distilling vice president, Bryan Jackowitz said the agreement marks an important step in expanding access to USP-grade witch hazel products across EMEA markets.

Jackowitz added that the partnership would provide customers with greater flexibility in selecting formulations suited to specific applications.

Witch hazel, a plant-derived extract used in skincare and hygiene formulations, is applied in products such as facial cleansers, body washes, toners, creams and therapeutic preparations, where it is valued for its astringent and soothing properties.

The collaboration strengthens supply chain resilience and supports growing demand for natural and plant-based ingredients in beauty, personal care and pharmaceutical products.

-- BERNAMA

iFAST Global Bank Launches QR Payment Cashback Promotion

KUALA LUMPUR, June 18 (Bernama) -- iFAST Global Bank is offering a limited-time cashback promotion to encourage the use of its Worldwide Scan & Pay service, rewarding customers with one per cent cashback on eligible QR code payments made locally and overseas.

The promotion runs from June 16 to July 16 and is available to Digital Personal Banking customers with an active account and access to the Worldwide Scan & Pay feature. Cashback is capped at GBP 10 per customer, based on qualifying spending of up to GBP 1,000 during the campaign period. (GBP 1 = RM5.41)

iFAST Global Bank General Manager of Digital Personal Banking, Simon Lee said the launch of Worldwide Scan & Pay represented an important step in expanding the bank’s global payment capabilities.

“Through this cashback campaign, we are encouraging customers to experience the convenience of cross-border QR payments while enjoying added value on their everyday spending,” he said in a statement.

The initiative comes ahead of the summer travel season and follows the launch of Worldwide Scan & Pay in May 2026. Powered by Alipay+, the payment service enables customers to make cross-border QR code payments through the iFAST Global Bank mobile app without the need for a physical payment card.

Transactions are linked directly to the bank’s Multi-Currency Current Account, which allows customers to hold, spend and transfer funds across nine major currencies through a single account.

The bank said the service can be used at Alipay+-compatible merchants and supported national QR payment networks, providing a streamlined payment experience for shopping, dining and travel both domestically and internationally.

The bank said the promotion is intended to drive adoption of digital cross-border payments as consumers increasingly seek seamless payment options while travelling and spending overseas.

-- BERNAMA

WINNER SKY TECHNOLOGY CELEBRATES GRAND OPENING OF NEW MANUFACTURING FACILITY IN PENANG

From left to right:

1. Dato Seri Haji Amir Hamzah, Executive Chairman of Matrix
2. Mr. Muhammad Ghaddaffi, Director of MIDA Penang
3. Ms. Lam Oi Yan, Executive Director of Altronics
4. Mr. Lam Yin Kee, Chairman of Altronics Holdings Berhad
5. Tuan Chow Kon Yeow, Y.A.B Chief Minister of Penang,
6. Mr. Eric Lam Chee Tai, Chief Executive Officer of Winner Sky Technology
7. Ms. Ivy Lam, Executive Director/Director of Altronics
8. Mr. Foong Che Leong, General Manager of Winner Sky Technology
9. Mr. So Kin Hung, General Manager of Altronics


PENANG, Malaysia, June 18 (Bernama) -- Winner Sky Technology Sdn. Bhd. officially opened its new 60,000-square-foot manufacturing facility in Batu Kawan, Penang on 4 June 2026, marking a significant step in the company’s growth trajectory. The expansion — which triples the company’s production footprint and anchors a total investment commitment of RM70 million over five years — underscores Winner Sky Technology’s confidence in Malaysia as a long-term base for high-value electronics manufacturing. The company, which currently employs approximately 150 people, plans to grow its workforce to more than 450 over the same period.

The grand opening was officiated by YAB Chow Kon Yeow, Chief Minister of Penang, and attended by Mr. Muhammad Ghaddaffi Sardar Mohamed, Director of MIDA Penang; Mr. Lam Yin Kee, Chairman of Alltronics Holdings Limited, Hong Kong; and Mr. Eric Lam Chee Tai, Chief Executive Officer of Winner Sky Technology Malaysia. The event brought together distinguished guests from government agencies, industry partners, customers, suppliers, and the local business community.

Established in 2019, Winner Sky Technology has grown from a modest operation into a trusted Electronics Manufacturing Services (EMS) provider, serving customers across industrial electronics, energy control systems, and the Internet-of-Things (IoTs). Headquartered in Hong Kong with manufacturing operations across China, Vietnam, and now Malaysia, the company’s decision to expand significantly in Penang reflects its long-term commitment to the country’s talent and industrial ecosystem.

The new facility is equipped with the latest Surface Mount Technology (SMT) production lines, integrated Smart Factory systems, and Industry 4.0 capabilities, significantly enhancing the company’s production capacity and positioning it to deliver high-quality, innovative electronic manufacturing solutions to customers worldwide.

YAB Chow Kon Yeow stated, “Winner Sky Technology’s commitment to expansion demonstrates confidence not only in the company’s own growth prospects, but also in Penang’s ability to support that growth over the long term. The Penang State Government, through InvestPenang and our federal partners, remains committed to facilitating investments, strengthening industry partnerships, and ensuring that Penang remains an attractive destination for both global and domestic investors.”

Welcoming the expansion, Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, said: “Winner Sky Technology’s decision to anchor a major expansion in Malaysia is a strong endorsement of what this country offers — a skilled workforce, a competitive industrial ecosystem, and a government that is firmly committed to enabling quality investment. This is precisely the kind of high-value, technologyintensive foreign investment (FI) that Malaysia’s New Industrial Master Plan (NIMP) 2030 is designed to attract and retain. Beyond the capital investment, what stands out here is the genuine commitment to local workforce development, supply chain integration, and technology transfer — the building blocks of sustainable industrial growth. MIDA will continue to work closely with investors like Winner Sky Technology to ensure Malaysia remains a preferred destination for advanced manufacturing.”

Speaking on the company’s vision for its Malaysian operations, CEO Mr. Eric Lam said: “Our commitment to this country is total. We want to hire Malaysian engineers, Malaysian technicians, Malaysian operators, and Malaysian managers. We believe the sustainable way to build a world-class manufacturing facility is to invest deeply in the local community, learn the culture, and create high-skill, high-value careers right here in Batu Kawan.

“Our investment does not stop at our factory doors. True partnership means building together. We are fully committed to growing alongside the local economy by actively sourcing from Malaysian vendors, component suppliers, and service providers. By integrating Penang’s robust local supply chain into our global network, we are not just creating a standalone factory — we are nurturing a thriving ecosystem where local businesses succeed alongside us.”

Mr. Foong Chee Leong, General Manager of Winner Sky Technology, expressed his appreciation to employees, customers, suppliers, and government agencies for their continued support.

“This facility represents more than an investment in equipment and infrastructure. It reflects our confidence in Malaysia’s talent, our commitment to manufacturing excellence, and our vision of building a sustainable, world-class EMS company. We are especially proud that our products are 100% made by Malaysians — supported by a dedicated workforce that includes experienced professionals and members of the local community. As we continue to grow, we remain committed to creating quality employment, developing local talent, and contributing to Malaysia’s manufacturing competitiveness.”

Winner Sky Technology expects the new facility to drive substantial business growth. Through increased production capacity, operational efficiency, and higher-value manufacturing services, the company projects a roughly threefold increase in revenue over the coming years.

The opening further strengthens Penang’s standing as a leading destination for advanced manufacturing and highlights the state’s continued attractiveness for hightechnology investment. The expansion aligns squarely with Malaysia’s ambitions under the NIMP 2030 to accelerate industrial digitalisation, build supply chain resilience, and promote high-value manufacturing as a cornerstone of sustainable economic growth.

About MIDA

MIDA is the government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA partners with investors at every stage of their journey, supporting sustainable growth and long-term value creation for Malaysia. For more information, please visit www.mida.gov.my and follow MIDA on X, Instagram, Facebook, LinkedIn, TikTok and YouTube.

About InvestPenang

InvestPenang is the Penang State Government’s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang’s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), Global Business Services (GBS) Focus Group (promoting and developing digital economy), Penang Silicon Design @5km+ (establishing a unique and interconnected ecosystem for IC design and technology enterprises) and Penang ATE Campus (accelerating the co‑development, qualification, and scaling of Malaysian ATE solutions by enabling first-customer deployment). For more information, please visit https://investpenang.gov.my/ and follow InvestPenang’s social media channels: Facebook; LinkedIn; WhatsApp Channel and TikTok.

About Winner Sky Technology

Established in 2019, Winner Sky Technology is an Electronics Manufacturing Services (EMS) provider with its headquarters in Hong Kong and manufacturing operations across China, Vietnam serving customers across industrial electronics, energy control systems, Internet-of-Things (IoTs), and industrial electronics industries.

SOURCE: Malaysian Investment Development Authority (MIDA)

FOR MORE INFORMATION, PLEASE CONTACT:
MIDA
Name: Mr. Mohd Mazlan Mokhtar
Designation: Director, Electrical and Electronics Division, MIDA
Tel: +603-2267 6655
Email: mazlan@mida.gov.my

InvestPenang
Name: Elaine Cheah / Ong Yih Hwa
Tel: +604-646 8833
Email: elaine@investpenang.gov.my / yihhwa@investpenang.gov.my

Winner Sky Technology
Name: CL Foong
Tel: +6012-4946101
Email: clfoong@wst-my.com

Name: Caren Ong
Tel: +60 125506322
Email: carenong@wst-my.com

--BERNAMA

FORTEGRA APPOINTS ANTHONY KATZ AS SVP, RESERVING TO LEAD ACTUARIAL TEAM

KUALA LUMPUR, June 18 (Bernama) -- The Fortegra Group Inc, a global speciality insurer, has appointed Anthony Katz as senior vice president (SVP), reserving, strengthening the speciality insurer’s actuarial leadership as it expands its reserving and reporting capabilities.

In his new role, Katz will lead Fortegra’s actuarial team and oversee reserving, credit insurance, statistical reporting and key initiatives, including IFRS 17 implementation.

“Anthony brings more than 30 years of actuarial expertise and a genuine commitment to building the capabilities our distribution partners depend on.

“His background across reserving, actuarial transformation, and international markets will be instrumental as we continue to support our distribution partners,” said Fortegra chief executive officer, Rick Kahlbaugh.

Fortegra in a statement said Katz brings more than three decades of actuarial experience across reserving, pricing and actuarial transformation, along with senior leadership roles at Toa Re, Everest Re, Arch Insurance, Ernst & Young and ACE, most recently working as an independent consulting actuary.

A credentialed actuary holding FCAS, FSA and MAAA designations, Katz has been recognised for modernising actuarial operations through automation of reserving processes, deployment of business intelligence tools and large-scale transformation initiatives across insurance and reinsurance platforms. He holds a degree in mathematics from New York University.

-- BERNAMA

AERIS COMPLETES IOT CONNECTIVITY AGREEMENT WITH KDDI

 KUALA LUMPUR, June 16 (Bernama) -- Aeris, a global leader in wireless management platforms, security services and connected vehicle programmes, has announced the successful completion of its Internet of Things (IoT) connectivity management service agreement with KDDI Corporation.

According to a statement, KDDI has utilised the platform since 2017, now named Aeris IoT Accelerator, which was originally provided by Ericsson and acquired by Aeris in early 2023.

Since the acquisition, Aeris has invested significantly in the platform’s global enhancements, including performance upgrades, system modernisation and cloudification, as well as expanded international connectivity provider cooperation.

These capabilities enable enterprise customers to deploy connected solutions with single stock-keeping unit (SKU) delivery and reduced billing complexity across any country.

“Our unified global platform enables simplified and secure large-scale IoT deployments, allowing multinational enterprise customers, including automotive OEMs, to innovate and scale during significant market growth phases without complexity.

“The Aeris IoT partner ecosystem and our agentic AI platform innovations continue to enhance our ability to deliver advanced connectivity services worldwide,” said Aeris Vice President of Sales, APAC, Sean Gowran.

The agreement facilitates seamless service continuation while expanding Aeris' platform capabilities to support growing enterprise connectivity requirements globally.

The Aeris IoT Accelerator platform offers enterprise customers global connectivity orchestration, comprehensive device lifecycle management, integrated security and diagnostics, as well as advanced eSIM orchestration.

Aeris sees Asia Pacific as a significant market as the region leads global IoT connectivity growth, and its platform addresses increasing enterprise demand for scalable, secure IoT connectivity solutions that support domestic operations and international expansion.

-- BERNAMA

Defiance Launches SPCU, Delivering 2X Long Exposure to SpaceX in Its First Full Week of Trading

MIAMI, June 15 (Bernama-GLOBE NEWSWIRE) -- Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long SpaceX ETF (Cboe: SPCU). SPCU begins trading today at 4am ET and seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of SpaceX Class A common stock (NASDAQ: SPCX).

SpaceX priced its initial public offering at $135 per share and began trading on the Nasdaq on Friday, June 12, under the ticker SPCX. At that price, the company was valued at approximately $1.77 trillion, which according to reports ranks as the largest U.S. IPO in history by debut market value.

SPCU is purpose-built for active traders seeking magnified, short-term exposure to SpaceX. The Fund obtains its exposure primarily through swap agreements and/or listed options contracts rather than by holding SpaceX shares directly, allowing traders to express a high-conviction, tactical view on SpaceX in a single exchange-listed ticker, without a margin account and without managing options positions.

SPCU joins the Defiance Daily 2X Space ETF (Cboe: SPCL), which established 2X daily leveraged exposure to SpaceX on SpaceX's IPO date. On that date, SPCL's leveraged exposure was tied exclusively to SpaceX, although the Fund will hold other investments in accordance with its investment strategy and prospectus disclosures. SPCU further expands Defiance's lineup of leveraged products linked to SpaceX.

For full fund details, the prospectus, holdings, and performance current to the most recent month-end, visit defianceetfs.com/spcu or call 833.333.9383.

The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of Space Exploration Technologies Corp. (the “Underlying Security”) and is designed strictly for short-term use. For periods longer than a single day, the Fund’s performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of SpaceX over the same period. It is possible that investors could lose their entire principal within a single trading day.

An investment in the Fund is not a direct investment in SpaceX.

About Defiance ETFs

Founded in 2018, Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs. Our first-mover leveraged single-stock ETFs empower investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.

Media Contact: Sylvia Jablonski | info@defianceetfs.com | 833.333.9383

IMPORTANT DISCLOSURES

Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and/or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.

Investing involves risk. Principal loss is possible. As an ETF, the Fund may trade at a premium or discount to its net asset value (“NAV”). Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions and bid-ask spreads will reduce returns. A portfolio concentrated in a single theme or industry may be subject to a higher degree of risk. There is no guarantee the Fund’s strategy will be successful, and an investor may lose some or all of their investment.

Leveraged Investment Risk. The Fund seeks daily investment results that correspond to two times (2X) the performance of its underlying portfolio. The use of leverage magnifies both gains and losses. As a result, the Fund may experience significant losses over short periods of time, including the potential loss of the entire investment within a single trading day. If the Target Portfolio’s market value decreases by more than 50% on a given trading day, the Fund’s investors could lose all of their money. The Fund may also be subject to the following risks:

Daily Reset and Compounding Risk. The Fund is designed to achieve its stated investment objective on a daily basis. Due to the effects of compounding, the Fund’s returns over periods longer than one trading day will likely differ, and may differ significantly, from 200% of the performance of its underlying portfolio for the same period. This effect is more pronounced in volatile markets.

Short-Term Trading Risk. The Fund is intended for short-term trading and is not designed for long-term investment. Investors who hold shares for periods longer than a single trading day may experience returns that are substantially different from the Fund’s stated objective. The Fund requires active monitoring and management.

Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective, and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (200%) the Target Portfolio’s performance, before fees and expenses. The Fund will lose money if the Target Portfolio’s performance is flat over time, and it is possible that the Fund will lose money even if the Target Portfolio’s market value increases over a period longer than a single day. Due to daily rebalancing and the effects of compounding, the volatility of the Target Portfolio may affect the Fund’s return as much as, or more than, the Target Portfolio’s actual return. The impact of compounding will affect each shareholder differently depending on the period of time an investment in the Fund is held and the volatility of the Target Portfolio during that holding period.

Derivatives Risk. The Fund utilizes derivatives, including swap agreements and options contracts, to achieve its investment objective. Derivatives involve risks different from, and potentially greater than, those associated with direct investments in securities. These risks include increased volatility, imperfect correlation, liquidity constraints, valuation complexity, and the potential for losses exceeding the amount initially invested.

Counterparty Risk. The Fund is subject to counterparty risk through its use of derivatives. If a counterparty to a swap or other derivative instrument fails to meet its contractual obligations, the Fund may experience losses, delays in recovery, or reduced exposure.

Space Investing Risks. The Fund concentrates its exposure in companies involved in the space economy, including satellite communications, launch services, and space-enabled technologies. Companies involved in the design, manufacture, or launch of spacecraft, launch vehicles, or related systems face significant risks associated with launch failures, deployment malfunctions, mission delays, and cost overruns; space launches are inherently complex and costly, and failures may result in total loss of spacecraft or payloads, substantial financial losses, reputational harm, and increased regulatory scrutiny. Space-related businesses often rely on advanced, emerging, or unproven technologies and may be adversely affected by rapid technological change, engineering challenges, or competitors’ development of superior or lower-cost technologies. The space industry is subject to extensive domestic and international regulation, including licensing requirements, export controls, national security restrictions, environmental regulation, and orbital debris mitigation standards; changes in laws or regulatory interpretations may increase compliance costs, delay operations, or limit deployment of space-based systems. Many space-focused companies depend on governmental or quasi-governmental customers and contracts, and reductions in government budgets, policy changes, or contract terminations could materially affect revenues. Space-based operations are exposed to risks from orbital debris, collisions, congestion in Earth’s orbits, and space weather, any of which may damage satellites or spacecraft and result in service disruptions or complete mission failure. Many space-focused companies may have limited operating histories, depend on a narrow set of products or services, or rely on a small number of customers or missions. The Fund may have exposure to foreign issuers, including through ADRs, which can involve political instability, geopolitical tensions, trade restrictions, sanctions, and currency fluctuations that may disrupt supply chains or impair cross-border collaboration. When the Adviser determines there are insufficient Space Companies to meet the Fund’s investment criteria, the Fund may obtain exposure to secondary space technology companies that support or enable space-related activities, which may be less directly exposed to the growth of the space economy and may be more sensitive to broader industry or market risks. The space industry is emerging and may experience higher volatility and uncertainty than more established industries.

Industry Concentration Risk. Because the Fund focuses on a specific theme and industry group, it may be more susceptible to adverse developments affecting that sector than a broadly diversified fund. The Fund will concentrate (i.e., invest 25% or more of its total assets) its investment exposure to companies in the space industry and in industries that develop, deploy, or operate space-related technologies and services.

IPO, SPAC, and De-SPAC Risk. The Fund may invest, including indirectly via derivative instruments, in securities of companies that have recently completed initial public offerings (“IPOs”), special purpose acquisition companies (“SPACs”), or companies that have become publicly traded through business combinations involving SPACs (“de-SPAC transactions”). These securities may be less seasoned, lack a meaningful trading history, have limited public information and research coverage, and involve risks similar to those of venture capital or other private equity investments. Their prices may be volatile, subject to speculative trading, and susceptible to rapid and substantial declines in value. SPACs are shell or blank check companies that raise capital in an IPO for the purpose of completing a business combination with a private operating company; there is no guarantee that a SPAC will complete a business combination or that any completed transaction will be successful. Conflicts of interest may arise among a SPAC’s sponsors, affiliates, officers, directors, or promoters and unaffiliated security holders.

Swap Agreements. The use of swap transactions is a highly specialized activity, which involves investment techniques and risks different from those associated with ordinary portfolio securities transactions. Whether the Fund will be successful in using swap agreements to achieve its investment goal depends on the ability of the Adviser to structure such swap agreements in accordance with the Fund’s investment objective and to identify counterparties for those swap agreements.

Non-Diversification Risk. The Fund is classified as non-diversified, which means it may invest a larger percentage of its assets in a smaller number of issuers. As a result, the Fund’s performance may be more volatile and more sensitive to the performance of individual holdings.

Equity Securities Risk. Investments in equity securities are subject to market risk, including the potential for significant price fluctuations due to company-specific events, broader market conditions, economic developments, and changes in investor sentiment.

Foreign and ADR Risk. To the extent the Fund has exposure to foreign issuers or American Depositary Receipts (ADRs), it may be subject to additional risks, including currency fluctuations, political and economic instability, differing regulatory standards, and reduced liquidity.

Small- and Mid-Capitalization Risk. The Fund may invest in small- and mid-cap companies, which may be more volatile, less liquid, and more sensitive to economic changes than larger companies.

Liquidity Risk. In certain market conditions, the Fund’s investments or derivative instruments may become less liquid, making it difficult to adjust exposure or achieve the desired investment objective. Reduced liquidity may also lead to wider bid-ask spreads for Fund shares.

Rebalancing Risk. The Fund seeks to rebalance its exposure daily to maintain its target leverage. If the Fund is unable to rebalance effectively due to market disruptions, liquidity constraints, or operational issues, its exposure may deviate from its intended objective.

Tracking and Correlation Risk. There is no guarantee that the Fund will achieve a high degree of correlation to 200% of the daily performance of its underlying portfolio. Market volatility, fees, transaction costs, and derivative pricing may cause performance to deviate from expectations.

High Portfolio Turnover Risk. The Fund’s strategy involves frequent trading and daily rebalancing, which may result in high portfolio turnover, increased transaction costs, and potentially higher taxable distributions.

Tax Risk. The Fund intends to qualify for favorable tax treatment as a regulated investment company (RIC), but there is no guarantee it will do so. Distributions may be taxable as ordinary income, capital gains, or a combination of both.

New Fund Risk. The Fund is recently organized and has limited operating history. As a result, there is limited performance history for investors to evaluate.

Market and Economic Risk. The value of the Fund’s investments may decline due to general market conditions, economic trends, geopolitical events, interest rate changes, inflation, or other external factors beyond the control of the Fund.

Brokerage commissions may be charged on trades.

Distributed by Foreside Fund Services, LLC.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/623c9438-6e10-4373-bc05-a6ae8c312daf 

SOURCE: Defiance ETFs

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