GlobeNewswire – Global Business Magazine https://thegbm.com Business news, opinion, reviews, interviews Thu, 05 Nov 2026 09:33:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://thegbm.com/wp-content/uploads/2021/07/Bizmag-logo.png GlobeNewswire – Global Business Magazine https://thegbm.com 32 32 195744517 Toobit Launches 500,000 USDT VIP Rewards Campaign https://thegbm.com/toobit-launches-500000-usdt-vip-rewards-campaign/ https://thegbm.com/toobit-launches-500000-usdt-vip-rewards-campaign/#respond Thu, 05 Nov 2026 09:33:00 +0000 https://thegbm.com/toobit-launches-500000-usdt-vip-rewards-campaign Toobit

GEORGE TOWN, Cayman Islands, Nov. 05, 2026 (GLOBE NEWSWIRE) — Toobit, the award-winning global cryptocurrency exchange, today announces a new round of its VIP rewards campaign, offering a 500,000 USDT prize pool and guaranteed prizes in every lucky draw.

Running from November 5 to 19, 2026, the fifth edition doubles the previous round’s prize pool and features three activities through which eligible VIP traders can earn lucky draw chances and additional rewards:

  • First-time futures trading: Complete a qualifying futures trade with at least 1,000 USDT in trading volume to receive one lucky draw chance.
  • Futures trading milestones: Reach cumulative trading volume milestones from 20,000 USDT to 20 million USDT to unlock up to 15 lucky draw chances and Futures Position Vouchers worth up to 5,200 USDT.
  • Toobit Earn subscriptions: Meet subscription milestones ranging from 200 USDT to 20,000 USDT to receive up to five lucky draw chances. No additional minimum holding period is required, and applicable annual percentage rates (APR) vary by product.

VIP traders can register through the campaign page. Additional information on participation requirements, reward milestones, and terms and conditions is available on the announcement page.

The campaign is available to eligible traders of Toobit’s VIP Program, which provides benefits including reduced trading fees, priority support, dedicated VIP management, curated gifts, and additional rewards. In February 2026, Toobit lowered its VIP qualification requirements, making VIP1 status accessible from an account balance of 500 USDT.

Toobit also offers a VIP status transfer program, allowing traders from other exchanges to match their existing VIP status with a one-level upgrade.

About Toobit

Toobit is where the future of crypto trading unfolds. The award-winning cryptocurrency derivatives exchange provides zero-fee spot trading, AI trading tools, and high leverage for both crypto and TradFi markets. Built for those who thrive exploring new frontiers, Toobit maintains a fair, secure, and transparent environment for traders to navigate digital asset markets.

For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

Contact: Davin C.

Email: market@toobit.com

Website: www.toobit.com

Disclaimer: This sponsored content is provided by the content provider and does not necessarily reflect the views of this media platform or its publisher. The information is shared for general informational purposes only and should not be considered financial, investment, or trading advice. Cryptocurrency and mining-related activities carry risks, including the potential loss of capital, and readers are encouraged to conduct their own research and seek professional advice where appropriate. Speculate only with funds that you can afford to lose.The media platform and publisher assume no responsibility for any losses or claims arising from reliance on this content. GlobeNewswire does not endorse any content on this page.

Legal Disclaimer: This article is provided on an “as-is” basis, without warranties or representations of any kind, express or implied. The media platform assumes no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information presented. Any complaints, claims, or copyright concerns related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b0f3ff80-a3ce-4817-92b6-634ebb1994de

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SeenThis Studio MCP takes video ads from prompt to live with everyday AI tools https://thegbm.com/seenthis-studio-mcp-takes-video-ads-from-prompt-to-live-with-everyday-ai-tools/ https://thegbm.com/seenthis-studio-mcp-takes-video-ads-from-prompt-to-live-with-everyday-ai-tools/#respond Thu, 05 Nov 2026 09:20:00 +0000 https://thegbm.com/seenthis-studio-mcp-takes-video-ads-from-prompt-to-live-with-everyday-ai-tools SeenThis Studio MCP connects Claude, ChatGPT and other AI tools to SeenThis Studio, letting agencies and brands build, version, approve and deliver video ads for the open web and social platforms from a single brief

SeenThis Studio MCP

SeenThis Studio MCP takes video ads from prompt to live with everyday AI tools
SeenThis Studio MCP takes video ads from prompt to live with everyday AI tools

STOCKHOLM, Nov. 05, 2026 (GLOBE NEWSWIRE) — SeenThis, the video advertising partner, today announced the early access launch of SeenThis Studio MCP. Teams share a brief with the AI tool they already use, and it builds editable video ads in SeenThis Studio, ready for approval and delivery across the open web and social platforms.

Building video ads across multiple digital channels, and especially for the open web, requires specialist expertise, from creative adaptation and tracking setup to ad server and DSP configurations. The MCP puts that expertise directly into the hands of the teams who own the brief.

The AI tools teams already work with hold their brand guidelines, data and ways of working, which is why SeenThis chose to connect SeenThis Studio to them. The AI tool brings the knowledge of the brand, and SeenThis Studio brings the video expertise.

The AI tool builds and animates video ads in every required format, using supplied copy and brand styling. It creates versions for different markets, languages and offers, connects product feeds and shares previews for client sign-off. Early tests show production time reduced by more than 90%, meaning complex video ads that would take most of a working day to build can now be ready in under an hour.

“Frontier AI models now work the way a motion designer does, in real creative tools: they storyboard, set keyframes, time the type to the voice and cut to the beat. So why should ad video work any differently?” said Mark Pasternak, Chief Product and Technology Officer at SeenThis. “Your AI tool knows your brand. Our engine knows how an ad has to work. The more SeenThis Studio can do, the more your AI tool can do.”

Behind every build is the expertise of SeenThis’s technical producers, who turn what they know about how video ads perform into the templates and guidance the AI tool follows, and who support teams with complex builds.

The MCP signs in with each user’s SeenThis Studio account. Teams then push the approved ads directly from the SeenThis Studio interface to DV360 and to social platforms like Meta and TikTok.

“AI is changing how every agency works, and video advertising is next. SeenThis has always built the technology behind the ad, from creation to delivery, and SeenThis Studio MCP puts that technology to work for the AI tools agencies already rely on. It means more brands can run great video across the open web, faster and at scale,” said Jesper Benon, CEO of SeenThis.

Availability

SeenThis Studio MCP is available now in early access to a limited group of agencies and brands. It works with AI tools supporting MCP (Model Context Protocol), the open standard for connecting AI tools to other software. Request access here.

About SeenThis

SeenThis is the video advertising partner for the open web, capturing more attention and exceptional results with cost-effective video. Since 2017, SeenThis has served billions of streams for 5,000+ brands across 50+ countries. SeenThis Studio, its creative platform, lets agencies and brands build and deliver video ads themselves. www.seenthis.co.

Media contact:

Emilie Ekengren
emilie@seenthis.se

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/20e1625c-d99d-498d-b35e-6587cf026c4b

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Record-Breaking Number of No Corporate PAC Members Headed to the 120th Congress https://thegbm.com/record-breaking-number-of-no-corporate-pac-members-headed-to-the-120th-congress/ https://thegbm.com/record-breaking-number-of-no-corporate-pac-members-headed-to-the-120th-congress/#respond Wed, 04 Nov 2026 20:01:00 +0000 https://thegbm.com/record-breaking-number-of-no-corporate-pac-members-headed-to-the-120th-congress At least 100 members will be rejecting corporate PAC money in 2027; less than 10 members rejected corporate PAC money in 2017

Washington, DC, Nov. 04, 2026 (GLOBE NEWSWIRE) — End Citizens United (ECU), a leading national anti-corruption organization, today announced a historic milestone in its nearly decade-long fight to change the way campaigns are financed. At least 100 members of the incoming 120th Congress will be rejecting corporate PAC money, shattering the previous record and marking the largest coalition of lawmakers to ever make that commitment.

When ECU first launched its No Corporate PAC pledge in 2017, fewer than 10 members of Congress across both chambers refused corporate PAC money. With the addition of this year’s incoming class, that number will grow to 100, the largest group of lawmakers to ever make that commitment. The previous high was 73 in the 118th Congress.

“The conventional wisdom in Washington has always been that candidates need corporate PAC money to win elections. It turns out that thinking was more conventional than wisdom,” said End Citizens United President Tiffany Muller. “These leaders have challenged a longstanding assumption about what it takes to win, and they’re entering the new Congress with a mandate to make government more accountable to the people. That commitment matters more than ever to voters who are watching their costs keep climbing while powerful corporations face no accountability. This is no longer a handful of members taking a stand. It’s a growing force on Capitol Hill, with the potential to fundamentally change the relationship between elected officials and corporate special interests. That’s the kind of change we set out to make when we started this movement in 2017.”

ECU has been building a coalition of members who refuse corporate contributions since launching the No Corporate PAC Pledge in 2017. This year’s Unrig Washington program, which grew to over 300 candidates this cycle, expanded on that pledge by calling on candidates to support a ban on congressional stock trading and commit to help crack down on dark money in elections, on top of rejecting corporate PAC money.

As incoming and sitting members prepare to be sworn into the 120th Congress, ECU will work with them to make anti-corruption reform the top priority. ECU looks forward to helping put power back with everyday Americans and out of the hands of big donors.

###

CONTACT: Bawadden Sayed End Citizens United bawadden@endcitizensunited.org 

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Students in Ontario prepare to walk out of classes and rally against attacks on postsecondary education https://thegbm.com/students-in-ontario-prepare-to-walk-out-of-classes-and-rally-against-attacks-on-postsecondary-education/ https://thegbm.com/students-in-ontario-prepare-to-walk-out-of-classes-and-rally-against-attacks-on-postsecondary-education/#respond Wed, 04 Nov 2026 20:00:00 +0000 https://thegbm.com/students-in-ontario-prepare-to-walk-out-of-classes-and-rally-against-attacks-on-postsecondary-education For Immediate Release – November 4, 2026

TORONTO, ON, Nov. 04, 2026 (GLOBE NEWSWIRE) — The Canadian Federation of Students-Ontario will comment on the conclusion of its 2026 Ontario Lobby Week and the coordinated province-wide campus walk outs taking place on November 5th under the Hands Off Our Education campaign. The Federation’s campaign demands a reversal of the OSAP changes, the 2% tuition fee increases, and the underfunding of education.

When: November 5th, 2026

Where: Queen’s Park Media Studio, 111 Wellesley St. W, Toronto, ON, M7A 1A2

Who:

  • Cyrielle Ngeleka, Canadian Federation of Students-Ontario, Chairperson;
  • Omar Mousa, Canadian Federation of Students-Ontario, National Executive Representative;
  • Leah St. Germain, Canadian Federation of Students-Ontario, Circle of First Nations, Métis, and Inuit Students Representative and OCAD Student;
  • Nicholas Silver, University of Toronto Graduate Students’ Union, Vice-President External and PhD Student 

This day is an escalation of the CFS-Ontario’s Hands Off Our Education campaign. Students continue to demand: 

  • Grants not loans; remove all interest on OSAP loans; 
  • An end to the tuition hikes; 
  • Cessation of government interference on admissions, research security plans and student fees.

Quick Facts:

  • In February, MCURES announced a 2% increase to tuition fees and major changes to OSAP, capping the available grants to a maximum of 25%, while opening up to a minimum of 75% loans. 
  • From 2023-2025, the province spent $465 million more on OSAP grants, in which 95% of that went to private career college students.
  • The Federation met with MPP’s across parties from November 1st to 4th, presenting lobby recommendations For the Future of Students 
  • 15+ walkouts are planned on various campuses in regions across Ontario. Students will be rallying, picketing, and gathering to emphasize their demands and highlight student power. Many sector partners, including faculty and campus labour unions, will be present on many campuses – lending their support and solidarity. 

The Canadian Federation of Students-Ontario is the oldest and largest student organization in Ontario, representing over 350,000 college and university students in every region of the province.

-30-

For further information on the campaign or to set up an interview, contact:
Adaeze Mbalaja, Campaigns and Communications Coordinator, at 647-608-4074 or  a.mbalaja@cfsontario.ca
Cyrielle Ngeleka, CFS-Ontario Chairperson, at c.ngeleka@cfsontario.ca

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German hospital introduces miscarriage care device https://thegbm.com/german-hospital-introduces-miscarriage-care-device/ https://thegbm.com/german-hospital-introduces-miscarriage-care-device/#respond Wed, 04 Nov 2026 06:25:00 +0000 https://thegbm.com/german-hospital-introduces-miscarriage-care-device New device offers dignified support for early pregnancy loss

Miscarriage Collection Cradle – Essential Care Kit

Miscarriage Collection Cradle - Essential Care Kit
Miscarriage Collection Cradle – Essential Care Kit

HAMBURG, Nov. 04, 2026 (GLOBE NEWSWIRE) — A HOSPITAL in northern Germany has become the first in mainland Europe to offer an innovative medical device providing more dignified and compassionate care to those experiencing early pregnancy loss.

Klinikum Pinneberg, part of Sana Regio Kliniken, northwest of Hamburg, is now offering the Miscarriage Collection Cradle to patients, making it the first hospital in mainland Europe to do so.

The Collection Cradle, designed in the UK, fits beneath a toilet seat, offers individuals experiencing miscarriage a respectful way to manage their loss at home or in hospital. It helps preserve the baby for burial, cremation and pregnancy tissue for genetic testing. With features intended to reduce contamination and distress, it replaces a process many families have previously faced in facilities not designed for this purpose.

The device was created by the team at Dignity Care, a grassroots social enterprise led by Laura Corcoran, a former engineer at the UK’s National Health Service whose own experience of recurrent pregnancy loss inspired its design.

Klinikum Pinneberg belongs to the Sana Kliniken group, which operates around 50 hospitals across Germany, and it is hoped the launch will lead to wider adoption.

Laura Corcoran, Director of Dignity Care, said: “When I experienced miscarriage at home, I faced an incredibly difficult situation without the right support my only option was to use a kitchen sieve. That experience led me to design something that could help others navigate the practical and emotional challenges with greater care and dignity.

“Mothers in Germany face the same difficulty in this situation, even they stay in hospital. So, it is incredibly encouraging to see this hospital take the lead. This is about ensuring people feel cared for, respected and supported at one of the most difficult moments they may face.”

Sven Salzmann, Chaplain at Klinikum Pinneberg said: “Early pregnancy loss is a deeply painful experience and families deserve practical support as well as compassion. We are pleased to be introducing the Collection Cradle and hope it can make a real difference for patients here and in time at other hospitals too.”

Since launching in the UK, the Collection Cradle has been introduced in hospitals across the UK and Ireland and is now appearing in hospitals internationally. It is also used by universities in 14 countries to educate midwifery students.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/56469881-87e9-4b74-9016-0abe1fc7493f

CONTACT: Contact: rachelw@holyroodpr.co.uk

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Solvay third quarter 2026 results https://thegbm.com/solvay-third-quarter-2026-results/ https://thegbm.com/solvay-third-quarter-2026-results/#respond Wed, 04 Nov 2026 06:00:00 +0000 https://thegbm.com/solvay-third-quarter-2026-results Press release  Regulated information published on November 4, 2026, at 7:00 a.m. CET

Solvay advances its strategic transformation, while navigating the challenging environment

Highlights

  • New step to support the growth of Solvay’s rare earths business, with long-term feedstock supply agreement with Viridis, while discussions with OneIM continue to progress.
  • Underlying net sales in Q3 2026 reached €1,031 million, down -3.3% organically versus Q3 2025, reflecting the negative impact of the Middle East conflict on Solvay’s operations and the continued weakness in the soda ash market.
  • Underlying EBITDA amounted to €173 million with a margin of 16.8%, down -26.6% organically versus Q3 2025. The year-on-year decline is driven by a c. €-25 million impact from the conflict in the Middle East and by the c. €40 million proceeds from the sale of CO2 emissions rights in Q3 2025.
  • Structural cost savings initiatives delivered another €25 million in Q3 2026, bringing savings since the start of the program to €283 million, on track to reach the target of €300 million by end of 2026.
  • Underlying net profit from continuing operations was €35 million in Q3 2026 vs. €90 million in Q3 2025.
  • Free cash flow1 for the first nine months of 2026 amounted to €70 million (€54 million in Q3 2026). Capex for 9M reached €203 million.
  • The Board of Directors approved the payment of an interim dividend of €0.97 gross per share, stable compared to last year, payable on Jan. 20, 2027.
  • Underlying Net Debt at €1.8 billion, implying a leverage ratio of 2.4x at the end of September 2026.
  • 2026 outlook: as revised on October 19th, Solvay now expects its underlying EBITDA to be between €720 million and €740 million and its Free Cash Flow1 to be between €120 million and €150 million (net of transformation expenses).
Underlying key figures        
(in € million) Q3 2026 Q3 2025 % yoy % organic 9M 2026 9M 2025 % yoy % organic
Net sales 1,031 1,044 -1.3% -3.3% 3,059 3,267 -6.4% -6.4%
EBITDA 173 232 -25.3% -26.6% 579 712 -18.7% -18.6%
EBITDA margin 16.8% 22.2% -5.4pp   18.9% 21.8% -2.9pp  
FCF1 54 117 -53.7%   70 214 -67.5%  
ROCE         11.0% 15.4% -4.4pp  

1 Free Cash Flow (FCF) is the free cash flow to Solvay shareholders from continuing operations.

Philippe Kehren, Solvay CEO

“We continue to navigate a challenging economic environment. The conflict in the Middle East is having a significant impact on Solvay operations, with the temporary shutdown of our Peroxides plant in Jubail materially affecting the company’s short-term performance, as reflected in our updated guidance. In this context, Solvay remains focused on executing its transformation, actively managing and strengthening its portfolio to position the company for long-term growth.

With our long-term supply agreement with Viridis, we strengthen our position in rare earths separation and establish a new value chain down to the customers. This is a concrete step that will allow our plant in La Rochelle to unlock future growth opportunities.”

2026 Outlook

The conflict in the Middle East continues to weigh on the underlying EBITDA of the company, with an impact of
€-20 million in Q2 2026 and €-25 million in Q3 2026. This is primarily driven by the continued suspension of the Peroxide plant operations at the Sadara complex in Jubail, Saudi Arabia, which accounted for close to €-15 million both in Q2 and in Q3 2026.

As communicated on October 19, 2026, excluding potential revenue or recovery measures from Sadara for the remainder of 2026, the guidance for 2026 is:

  • Underlying EBITDA between €720 million and €740 million
  • Free Cash Flow from continuing operations to Solvay shareholders between €120 million and €150 million, net of c. €90 million of transformation expenses
  • Capital expenditure below €300 million, including the strategic investments of €15-20 million announced in July to expand rare earth separation capacity at the La Rochelle site
  • Cumulated structural cost savings on track to reach €300 million at the end of 2026

Solvay’s operations in Jubail are conducted through a joint venture with Sadara (which is a joint venture majority-owned by Saudi Aramco). Solvay is exploring all available avenues to mitigate the financial impact of the temporary shutdown, as the joint venture contractual framework includes mechanisms designed to recover lost profitability.

Rare earths developments

As previously disclosed, Solvay continues to progress its discussions with OneIM, a global investment fund with critical mineral investments. If such discussions lead to a definitive agreement, Solvay would contribute its rare earths activities to a newly formed joint venture while retaining a significant minority ownership interest. The Solvay perimeter under consideration generates approximately €80 million of underlying EBITDA on an annual basis.

Separately, Solvay signed a long-term supply agreement with Viridis, securing strategic rare earth feedstock beginning in 2028 and reinforcing the resilience and integration of its future rare earths supply chain.

Dividend

The Board has decided to pay an interim gross dividend of €0.97 gross per share. This represents 40% of the 2025 total dividend (€2.43 per share), which is in line with its dividend policy and historical practices.

Financial calendar

  • January 18, 2027: Interim dividend ex-date
  • January 20, 2027: Interim payment date
  • March 4, 2027: Fourth quarter and full year 2026 earnings
  • March 2027: Investor event
  • May 5, 2027: First quarter earnings
  • May 11, 2027: Ordinary General Shareholder’s Meeting
  • July 29, 2027: Second quarter and first half year 2027 earnings
  • November 4, 2027: Third quarter and first nine months 2027 earnings
  • Link to Solvay’s financial calendar

Details of analysts and investors conference call

  • Time: November 4, 2026 – 2pm CET
  • Register to the webcast here.

Contacts 

Investor relations 
Geoffroy d’Oultremont: +32 478 88 32 96 
Vincent Toussaint: +33 6 74 87 85 65 
Charlotte Vandevenne: +32 471 68 01 66
Investor.relations@solvay.com

Media relations 
Peter Boelaert: +32 479 30 91 59 
Laetitia Van Minnenbruggen: +32 484 65 30 47 
media.relations@solvay.com 

About Solvay

Solvay, a pioneering chemical company with a legacy rooted in founder Ernest Solvay’s pivotal innovations in the soda ash process, is dedicated to delivering essential solutions globally through its workforce of around 8,400 employees. Since 1863, Solvay has harnessed the power of chemistry to create innovative, sustainable solutions that answer the world’s most essential needs such as purifying the air we breathe and the water we use, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. Solvay’s unwavering commitment drives the transition to a carbon-neutral future by 2050, underscoring its dedication to sustainability and a fair and just transition. As a world-leading company with €4.3 billion in underlying net sales in 2025, Solvay is listed on Euronext Brussels and Paris (SOLB). For more information about Solvay, please visit solvay.com or follow Solvay on Linkedin.

Safe harbor

This press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. Discussions with One IM described in this press release remain ongoing and there can be no assurance that these discussions will result in a definitive agreement or that any transaction will be consummated. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

Ce communiqué de presse est également disponible en français.
Dit persbericht is ook in het Nederlands beschikbaar.

Attachments

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Vencora Expands Its Insurance Technology Portfolio and Presence in Latin America with the Acquisition of CT InsureTech https://thegbm.com/vencora-expands-its-insurance-technology-portfolio-and-presence-in-latin-america-with-the-acquisition-of-ct-insuretech/ https://thegbm.com/vencora-expands-its-insurance-technology-portfolio-and-presence-in-latin-america-with-the-acquisition-of-ct-insuretech/#respond Tue, 03 Nov 2026 17:00:00 +0000 https://thegbm.com/vencora-expands-its-insurance-technology-portfolio-and-presence-in-latin-america-with-the-acquisition-of-ct-insuretech TORONTO, Nov. 03, 2026 (GLOBE NEWSWIRE) — Today, Vencora – a global buy-and-hold-forever acquirer of banking, financial services, and insurance technology companies – announced the acquisition of CT InsureTech (CTI), formerly Charles Taylor InsureTech, a leading provider of insurance technology, software, and services to global insurers and brokers. With offices in London, Buenos Aires, and Mexico City, CTI combines decades of insurance knowledge with forward-thinking technology to provide software and deliver enterprise services to the global insurance market, shaped by a deep understanding of the complex realities of insurance and the genuine needs of the people working within it.

“Our focus at Vencora is on building enduring technology businesses that customers can rely on for decades. CT InsureTech is exactly the kind of high-quality, mission-critical platform Vencora is built for – with deep domain expertise, strong customer relationships, and a clear path for continued growth,” said Vencora CEO Kevin Bradley. “We are committed to supporting the business to enhance its products, develop its people, and help ensure customers continue to benefit from stable, innovative solutions.”

CTI will continue to serve existing and new customers through three distinct operating units, each with a clearly defined focus and target market:

CTI Insurance Modernization builds on nearly 40 years of insurance technology experience to help insurers, brokers, banks, and affinity partners unlock potential and capture sustainable value. Its adaptable platforms and services support insurance products across all lines of business, distribution, and operations, with capabilities in pricing, risk selection, and fraud detection. The unit enables clients to build on existing investments and expand their capabilities, with optional outsourcing services. CTI Insurance Modernization will continue to be overseen by Lautaro Mon.

CTI Digital Transformation specializes in the implementation of core insurance platforms, supporting insurers through complex, end-to-end transformation programs. Its services encompass core system implementation, legacy system migration, data transformation, and cloud migration, enabling insurers to transition to modern, scalable, and API-driven platforms. CTI and Vencora look forward to deepening their partnership with Fadata, an important strategic partner to the Digital Transformation business, and working closely together to support customers undertaking complex core platform and digital transformation programs. CTI Digital Transformation will be overseen by Gonzalo Geijo.

CTI London Market & Managed Services provides solutions designed for participants in the London Market – including bordereaux management, document and process management, delegated authorities control, and claims process optimization – and managed services including end-to-end outsourced technology, enhanced customer experience, and risk management and compliance. CTI London Market & Managed Services will continue to be overseen by Kieran Maloney.

“I am excited about the addition of CT InsureTech to the Vencora portfolio of companies,” said Nathan Partington, Portfolio Manager for Vencora. “As the dedicated platform for insurance software and services within Constellation Software, Vencora is uniquely qualified to support CTI’s continued success and future growth. We are confident that Vencora is the right permanent home for CTI’s employees, customers, and products, and we look forward to continuing to expand Vencora’s presence in the United Kingdom, Europe, and Latin America.”

About Vencora

Vencora acquires mission-critical software businesses serving banking, financial services, and insurance customers and holds them forever. Vencora is an independent portfolio within Volaris Group, an operating group of Constellation Software. Vencora offers its businesses a community that understands their industry, customers, regulatory environment, product challenges, and the pressure of building software financial institutions rely on every day.

For more information, visit vencora.com

CONTACT: Media inquiries: marketing@vencora.com

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GHD strengthens building engineering presence in Quebec with acquisition of ÉQIP Solutions Experts-Conseils https://thegbm.com/ghd-strengthens-building-engineering-presence-in-quebec-with-acquisition-of-eqip-solutions-experts-conseils/ https://thegbm.com/ghd-strengthens-building-engineering-presence-in-quebec-with-acquisition-of-eqip-solutions-experts-conseils/#respond Tue, 03 Nov 2026 17:00:00 +0000 https://thegbm.com/ghd-strengthens-building-engineering-presence-in-quebec-with-acquisition-of-eqip-solutions-experts-conseils LÉVIS, Quebec, Nov. 03, 2026 (GLOBE NEWSWIRE) — GHD, a global professional services company, has acquired ÉQIP Solutions Experts-Conseils, a Quebec-based integrated building engineering firm with offices in Lévis and Saint-Georges, strengthening its building engineering presence in the region.

Founded in 2013, ÉQIP specializes in structural, mechanical, civil and electrical engineering, with over 4,000 projects delivered for clients across commercial, multi-residential, institutional, industrial and healthcare sectors throughout Quebec and beyond. The firm operates from offices in Lévis and Saint-Georges with a team of approximately 50 engineers, technicians and support staff.

This acquisition deepens GHD’s building engineering presence in the region and expands its capacity to pursue opportunities across institutional, industrial, defence and energy sectors in Quebec and Eastern Canada.

Isabel Piraux, Regional General Manager for GHD Canada East, said, “ÉQIP has spent more than a decade building deep technical knowledge, trusted client relationships and a strong presence in the Quebec market. Joining forces with them advances our growth in the region and gives us the people and capabilities to take on work we have been working toward.”

Érick Pépin, founding principal and incoming Business Group Leader for Property & Buildings at GHD, said, “Joining GHD gives our team access to a broader, global network and resources that will open new doors for our clients and our people. We are proud of what we have built and we are confident that being part of GHD will allow us to continue that work at greater scale. Our clients will continue to work with the same people they know, now backed by GHD’s broader capabilities.”

The addition of ÉQIP’s team and capabilities marks a significant step in GHD’s Canadian growth strategy. Both organizations share a commitment to technical excellence, strong client relationships and the communities they serve, a foundation that positions the combined team well for what comes next.

About GHD
GHD is a leading professional services company operating in the global markets of water, energy and resources, environment, property and buildings, and transportation. Committed to making water, energy, and communities sustainable for generations to come, GHD delivers advisory, digital, engineering, architecture, environmental, and construction solutions to public and private sector clients. Established in 1928 and privately owned by its people, GHD’s network of 12,000+ professionals is connected across 160 offices on five continents. www.ghd.com

Contacts:
Melissa Sullivan
GHD
+1-281-657-0818
 melissa.sullivan@ghd.com

Rose-Marie Ménard
Pilot PMR
+1-579-622-9925
rosemarie.menard@pilotpmr.com

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ZYT Takes Prax Drive System™ Overseas: Commercial Vehicle Business Goes Global, China’s Top Six Heavy Truck Brands in Production https://thegbm.com/zyt-takes-prax-drive-system-overseas-commercial-vehicle-business-goes-global-chinas-top-six-heavy-truck-brands-in-production/ https://thegbm.com/zyt-takes-prax-drive-system-overseas-commercial-vehicle-business-goes-global-chinas-top-six-heavy-truck-brands-in-production/#respond Tue, 03 Nov 2026 02:53:00 +0000 https://thegbm.com/zyt-takes-prax-drive-system-overseas-commercial-vehicle-business-goes-global-chinas-top-six-heavy-truck-brands-in-production ZHUHAI, China, Nov. 02, 2026 (GLOBE NEWSWIRE) — The New Journey ZYT (ZHUOYU Technology) Prax Commercial Vehicle Technology Launch was held in Zhuhai, where ZYT officially introduced its commercial vehicle technology brand, ZYT Prax Drive System™, and set out its partnerships and production progress with leading Chinese commercial vehicle makers, along with its product and market plans overseas.

1

Prax comes in two versions. PDS 4 runs on the High-Perception model 4.0 and above and serves heavy truck line-haul. PDS 5 adds city NOA to highway NOA and runs on the Multimodal Foundation Model, serving buses, light trucks, vans and other urban operations.

01 First stop across verticals: commercial vehicles

ZYT proposed the Mobile Intelligence Foundation concept in late 2025. In April 2026 it set out the Intelligence for All Mobility strategy.

Commercial vehicles were the first move across verticals, for reasons that span users, market and society.

China had more than 30 million truck drivers in 2025, carrying nearly three quarters of national road freight. Steady domestic replacement demand and growing commercial vehicle exports together opened room for an upgrade in driving assistance.

02 Production progress and overseas footprint

ZYT works with leading Chinese commercial vehicle brands: XCMG, Shacman, Sinotruk, FAW Jiefang, Foton Motor, Dongfeng Commercial Vehicle and Yutong Bus. Several partner models are in production or preparing for it.

The Shacman Delong X5000 is in production and running express parcel line-haul. Models with XCMG, FAW Jiefang, Dongfeng Commercial Vehicle and Foton Motor are nominated, with delivery or roll-off due throughout the year.

Sinotruk: the two companies have a full-domain partnership spanning China and overseas, with several models nominated. The first premium heavy truck to carry PDS 4 goes into production within the year.

Foton Motor: the two companies have signed a full-domain intelligent driving agreement to develop solutions for heavy trucks, light trucks and autonomous logistics vehicles, and to pursue technology and product opportunities in the Middle East, South America and Australia-New Zealand.

Beyond heavy trucks, Prax extends to buses, light trucks and vans. ZYT works closely with Yutong Bus and, jointly with Guoqi Zhikong, is expanding across further bus models. The Yuwei E9 PRO on PDS 5 carries both highway and city NOA, and the light truck and van platform developed with Foton supports city NOA.

Overseas, ZYT has partnerships with Sinotruk, Foton Motor and Yutong Bus, covering heavy trucks, buses, light trucks and vans, as the industry takes commercial vehicle intelligence to global markets.

Across commercial vehicles, ZYT now holds a first-mover position on four fronts: full coverage of product types, full adaptation to powertrains, partnerships with the leading brand in every segment, and a presence in both China and overseas markets.

03 Five core technologies

Five problems define the heavy truck case: scarce model data, high perception demands, low tolerance for error, difficult vehicle control and acute cost sensitivity.

ZYT’s answer was to unify the base layer, strengthen the scenario layer and adapt the engineering. It reused the passenger car foundation model rather than rebuild from zero, added data specific to heavy trucks, and adapted sensor configuration and powertrain tuning for commercial vehicles.

On the model, Prax is the first to carry a mass-produced end-to-end model for commercial heavy trucks. It inherits more than 3 billion kilometres of passenger car data and has learned from 400 million frames of truck-specific data.

On perception, Prax debuts JIMU® 2.0, ZYT’s in-cabin LiDAR and vision system, with 500 metres of detection range. It picks out small, irregular and low-reflection obstacles, and sits out of wind, sand, rain and snow.

On safety, the layered safety system alerts before a hazard develops, intervenes when the driver does not, and backs both with redundancy.

On control, vision reads trailer attitude and articulation angle in real time and, with live load sensing, predicts collision risk. Gradient changes are read ahead so braking force can be distributed early.

On energy, Prax introduces the industry’s first reinforcement-learning fuel-saving algorithm. Trained across billions of scenarios, it manages gearing and the different braking systems to find the golden lift-off and throttle points. Measured savings are 4.5% to 7.5%, or RMB 20,000 to 30,000 per vehicle a year. One system pays for itself within a year.

Five core technologies, the end-to-end model, JIMU® 2.0, the fuel algorithm, the safety system and dynamics tuning, come together to deliver safety, ease and cost.

04 Across verticals, scenarios and regions

Commercial heavy trucks are ZYT’s first move across verticals, but not the last.

In L4 autonomous logistics, Robovan units built with SAIC Maxus and Yisen Power are in trial operation, and work with further partners is under way.

The Multimodal Foundation Model already covers passenger cars, commercial heavy trucks, buses and overseas models, across multiple forms, scenarios and regions, and will extend to more platforms.

05 Vision

From ClixPilot in passenger cars to Prax in commercial vehicles, one technology brain has completed the move, reached production and become a commercial reality, confirming the Intelligence for All Mobility strategy. ZYT’s goal remains unchanged: to provide the world with safe and effortless mobility.

About ZYT

Founded in 2016, ZYT focuses on the research, development and large-scale application of mobility intelligence technologies. Powered by its multimodal foundation model and generative AI technologies, ZYT has built a unified mobility intelligence technology foundation that efficiently adapts to diverse real-world scenarios. ZYT provides open, customizable and mass-produced driving assistance solutions (L2 and above) for global automotive partners. Beyond passenger vehicles, ZYT delivers foundational technologies for autonomous mobile robots across various application scenarios, accelerating the large-scale adoption and industrialisation of mobility intelligence.

Official webiste: https://www.zyt.com/en

Media Contact

Contact: Lucas Liu
Website: https://www.zyt.com/mobile/zh
Address: Floors 16–21, East Tower, Lepu Building, Nanshan District, Shenzhen,
Guangdong Province, China
Email: lucas.liu@zyt.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1e9bce1a-ed6e-499c-9e1c-0ffc8b914df1

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BAIC FOTON Launches GALAXUS R5 and C5, Introduces TUNLAND V PHEV in Africa https://thegbm.com/baic-foton-launches-galaxus-r5-and-c5-introduces-tunland-v-phev-in-africa/ https://thegbm.com/baic-foton-launches-galaxus-r5-and-c5-introduces-tunland-v-phev-in-africa/#respond Tue, 03 Nov 2026 02:22:00 +0000 https://thegbm.com/baic-foton-launches-galaxus-r5-and-c5-introduces-tunland-v-phev-in-africa GQEBERHA, South Africa, Nov. 02, 2026 (GLOBE NEWSWIRE) — On October 29, at the BAIC FOTON Africa Partners Conference in South Africa, BAIC FOTON launched the GALAXUS R5 and C5 tractor trucks and introduced the TUNLAND V PHEV pickup, expanding its portfolio for long-haul logistics, heavy-duty transport, and diverse commercial applications across Africa.

BAIC FOTON Launches GALAXUS R5 and C5, Introduces TUNLAND V PHEV in Africa

BAIC FOTON Launches GALAXUS R5 and C5, Introduces TUNLAND V PHEV in Africa

GALAXUS R5: Efficiency, Safety, and Comfort
Designed for cross-border logistics, port operations, and petroleum transport, the GALAXUS R5 features a 0.476 drag coefficient and two powertrain options: FOTON Cummins with ZF transmission, or Yuchai with Wanliyang transmission, balancing performance and fuel efficiency.

The R5 has passed ECE R29.03 frontal impact testing and undergone cab rearward displacement testing. A wider sleeper berth and next-generation GRAMMER seats enhance driver comfort, while adaptations for high-temperature, coastal, and high-altitude environments support operations across Africa.

GALAXUS C5: Heavy-Duty Capability and Durability
Built for mining, timber, and construction material transport, the GALAXUS C5 features over 750 mm bumper ground clearance, a 30.5° approach angle, and a 31° breakover angle. Its 700L-grade high-strength steel frame, 16-ton-class drive axle, and reinforced suspension support demanding heavy-load operations.

The C5 platform has completed 860,000 km of reliability testing. Its 58 anti-corrosion measures, galvanized exterior panels, 1,000-hour weathering tests, and 720-hour salt spray tests help ensure durability in challenging environments.

TUNLAND V PHEV: Hybrid Performance and Versatility
The TUNLAND V PHEV combines a 2.0T hybrid engine, four-speed DHT, and P1+P2+MLOCK Hyper 4WD system, delivering 350 kW and 800 N·m.

It offers 87 km of electric range and up to 1,000 km combined WLTP range. Its 32 kW DC charging system charges the battery from 30% to 80% in approximately 30 minutes.

With mechanical and electronic differential locks, 250 mm ground clearance, 3.5-tonne towing capacity, IP68-rated battery protection, and 220V/6kW V2L functionality, it supports demanding terrain and outdoor applications.

Strengthening Localized Operations in Africa
These models strengthen BAIC FOTON’s solutions for African logistics, mining, infrastructure, and commercial operations. Supported by its South African manufacturing base and regional distribution and service networks, BAIC FOTON will deepen localized cooperation, enhance product adaptability, and advance efficient, sustainable transport across Africa.

Contact:
Yu Wang
wangyu82@foton.com.cn
www.fotonmotor.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c8d3b88b-15d4-4753-b15c-ead2fdfc6eda

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