Asia PEVC, Author at AsiaPEVC.com

Transnusa Strengthens Network Connectivity in 2025

South East Asia’s first holistic premium service airline, PT TransNusa Aviation Mandiri, has strategically expanded its network connectivity in the first six months of this year to include two new international routes from Bali. One of which is the golden route from Bali to Perth and the second from Bali to Guangzhou, China.

In addition, to add feather to its cap, TransNusa will increase its scheduled flight frequency from Jakarta to Singapore from twice daily to three times daily to cope with Indonesia’s school holiday travelling demands.

TransNusa Group Chief Executive Officer, Datuk Bernard Francis said, “Our expansion plans are mainly based on our passengers’ needs, demands and travelling trends. If we can assist in providing our passengers an affordable, comfortable, safe and secure alternative travel option, we will definitely plan for it.”

“For example, in Indonesia, July is the favoured travelling period, especially during our school holidays duration. To assist with our passengers’ travel plans, we have secured an addition flight for passengers planning to travel to Singapore.

“Starting July 1, we will increase our scheduled flight frequency from Jakarta to Singapore from twice daily to three times daily,” Datuk Francis said, adding that the additional scheduled flight will be in effect until July 31, this year.

The additional flight, 8B 155, will depart from the Soekarno-Hatta International Airport at 06.30pm and arrive at Changi Airport at 09.15pm. The scheduled TransNusa flight, 8B 156, will depart Changi Airport at 10.05pm and arrive at Jakarta Airport at 10.55pm.

Datuk Bernard stressed that the current scheduled TransNusa flights will also continue. TransNusa current operates two daily flights from Jakarta to Singapore.

TransNusa’s current scheduled flights departs the Soekarno-Hatta International Airport at 07.55am and 12.10pm, respectively. While flights from Singapore to Jakarta will depart at 11.45am and 03.30pm.

“Changi Airport is a world class airport with stringent requirements. The fact that TransNusa has managed to obtain all necessary approvals for an additional scheduled flight in such a short timeframe, reflects the importance and commitment we have towards safety, security, maintenance and aircraft performance measures,” Datuk Bernard stressed.

With regard to TransNusa domestic market, TransNusa will be increasing its scheduled flight frequency from Jakarta to Singkawang to seven scheduled flights weekly from the current four times weekly.

TransNusa scheduled flight will depart from the Soekarno-Hatta International Airport 11.45am and arrive at the Singkawang Airport at 01.25pm, while the TransNusa flight depart the Singkawang Airport at 02.10pm and arrive in Jakarta at 03.50pm.

Datuk Bernard Francis

TransNusa, also known as the new player with new rules, established itself as a Premium Service Carrier and re-launched its services in 2022.

Datuk Francis said that TransNusa has become one of the fastest growing airlines in South East Asia due to the business plan that was developed and implemented swiftly post Covid-19.

An aviation industry expert, who specializes in airline turnaround and revenue management, Datuk Bernard coined TransNusa as a new player with new rules. In line with that, TransNusa has created and introduced new international and domestic routes.

In the last six month, the airline has strengthened its base Bali and introduced two new routes, which is Bali to Perth and Bali to GuangZhou, China. Planning ahead, TransNusa’s Bali-GuangZhou route has the shortest transit for tourist who wants to make a quick pit-stop in Bali, before travelling to Perth.

Datuk Francis concluded that the second half of 2025 will see TransNusa growing and strengthening its network connectivity further.

About TransNusa

TransNusa Airline, is a Premium Service Carrier. After a take-over and management change during the covid-19 pandemic, the airline rebranded and re-launched itself from being a Low-Cost Carrier to a Premium Service Carrier in line with its upgraded aircrafts that offers better comfort with increased quality of the services.

TransNusa, which received its AOC certification on 9th September 2022, launch its first three A320 operations on 6th October, 14th October and 12th December, 2022. In 2023, TransNusa introduced a new business model making it the first Premium Service Carrier in the Asia Pacific region. TransNusa introduced its first international flight on 14th April, 2023. The airline currently has bases in Jakarta and Bali.

The airline currently flies from Jakarta to Yogyakarta, Bali, Singkawanh, Kuala Lumpur, Malaysia, Subang, Malaysia, Singapore and Guangzhou, China. It also flies from Bali to Perth, Guangzhou and Manado. This year, TransNusa launched its scheduled flight from Bali to Perth on March 20th and Bali to Guangzhou on April 13th. TransNusa made history when it became the second Indonesian airline to fly to China and the first Indonesian airline to launch a Premium Service Carrier business model.

Passengers can book their flights on the TransNusa website (www.transnusa.co.id), through authorized travel agents in Singapore and Indonesia, or by contacting the airline’s customer service centre at, +62216310888. For the Singaporean market, passengers can contact TransNusa’s General Sales Agent, Chariot Travels Pte Ltd, at +65 86602719 for assistance.

Media Contact:
Trina Thomas Raj
Mobile: +6012 4992672 (Watsapp only)
E-mail: trina@myqaseh.org

CEVA Joins Windrose To Test Long-Haul EV Trucking in China

CEVA Logistics in Greater China is coming together with Windrose, leading heavy-duty electric truck provider, to conduct a feasibility study for the deployment of long-haul electric vehicle (EV) trucking in China. This collaboration marks a significant step forward in CEVA’s commitment to sustainability and its pioneering efforts to lead the sustainable development of the logistics industry.

Under this partnership, CEVA and Windrose have successfully conducted trials of long-haul electric trucking, including a round-trip journey from Greater Bay Area in Guangdong to Pingxiang, Guangxi, at the China-Vietnam border, and a 5,000-kilometer journey from Shenzhen to Alashankou, at the China-Kazakhstan border.

These pilot runs resulted in a remarkable carbon emissions reduction of approximately 55% on average (WTW) per GLEC framework. Based on these successes, CEVA and Windrose will continue to conduct trial runs within China to further explore the feasibility, cost-effectiveness and operational efficiency of using EVs across various routes and operational scenarios. As part of its strategic plan, CEVA aspires to connect Southeast Asia, Central Asia and even Europe through a TIR network.

Aligned with the CMA CGM Group’s target of achieving net-zero carbon emissions by 2050, CEVA is committed to expanding its fleet of low-carbon vehicles. CEVA aims to reach 1,450 low-carbon vehicles in its ground operations by 2025 and over 650 battery-electric trucks in service globally. In this regard, CEVA will continue to innovate and invest in sustainable logistics solutions, further solidifying its position as a leader in sustainable logistics.

“CEVA is committed to leading the way in sustainable ground transport,” said Antonio Pacciolla, vice president of Ground & Rail, APAC and IMECA. “We embrace innovative technologies to enhance our logistics solutions, delivering low carbon transport services to our clients while reducing our carbon footprint. That’s how we imagine better ways to serve a world in motion.”

“We are excited to collaborate with CEVA, a leader in the logistics industry known for its innovative and forward-thinking approach,” said Wen Han, Founder, Chairman and CEO of Windrose. “Both parties are committed to sustainability and innovation. This partnership will enable us to better serve the markets and shippers with low carbon transport, while setting new benchmarks for sustainable logistics.”

About CEVA Logistics
CEVA Logistics, a world leader in third-party logistics, provides global supply chain solutions to connect people, products and providers all around the world. Headquartered in Marseille, France, CEVA Logistics offers a broad range of end-to-end, customized solutions in contract logistics and air, ocean, ground and finished vehicle transport in 170 countries worldwide thanks to its approximately 110,000 employees at more than 1,500 facilities. With 2024 revenue of US$18.3 billion, CEVA Logistics is part of the CMA CGM Group, a global player in sea, land, air and logistics solutions.

For more information, please visit www.cevalogistics.com or contact: media@cevalogistics.com.

About Windrose Technology
Windrose is a leading provider of electric heavy-duty trucks, committed to delivering zero-emissions and cost-effective solutions for the logistics industry. The company is the first domestic player to provide an independently developed solution of zero-emissions intelligent heavy-duty truck from the ground up, aiming at the global markets in four continents including US, Europe, Asia, Oceania and so forth. Windrose was founded by Wen HAN in 2022, who is a Stanford graduate, formerly investor at Bridgewater Associates, GSR Ventures, as well as previously Chief Strategy and Financial Officer at Plus.

For more information, please visit www.windrose.tech / or contact: global@windrose.tech

SOURCE: Windrose Technology

Prime Minister Paetongtarn Positions Thailand as Regional AI Ethics Leader: Official Launch of AIGPC at the UNESCO Global Forum on the Ethics of AI 2025

Thailand has affirmed its commitment to ethical and inclusive artificial intelligence by hosting the 3rd UNESCO Global Forum on the Ethics of AI 2025, a Center to Support AI for Economy, Society, and Human Rights at Centara Grand at CentralWorld from June 24 to 27. The event brought together representatives from 104 countries. In her keynote speech, H.E. Prime Minister Paetongtarn Shinawatra stated, “AI is no longer the future, it is the power shaping our present,” emphasizing that Thailand is ready to lead the region in ensuring AI serves the public good and leaves no one behind.

The Prime Minister outlined Thailand’s three key AI priorities: harnessing AI for positive impact in sectors like agriculture, healthcare, and education; addressing threats such as disinformation and deepfakes; and putting people at the center of the AI transition. She stressed that AI must support workers, not replace them, and urged investment in reskilling to protect human dignity.

Thailand’s National AI Strategy, led by the National AI Committee, aims to drive social and economic transformation through AI by 2027, targeting at least 4 billion baht in value creation. A central focus is on empowering SMEs to apply AI tools that lower costs, boost productivity, and enhance global competitiveness.

During the Forum, the Prime Minister also held a bilateral meeting with Ms. Audrey Azoulay, Director-General of UNESCO. Both sides agreed to strengthen cooperation on AI ethics, with Thailand’s AI Governance Practice Center (AIGPC) designated as a key regional partner. AIGPC will support capacity building, certification programs, and knowledge-sharing across Asia-Pacific.

Deputy Prime Minister and Minister of Digital Economy and Society, Mr. Prasert Chandraruangthong, reaffirmed Thailand’s alignment with UNESCO’s ethical AI framework. Thailand has adopted the Readiness Assessment Methodology (RAM) to evaluate its AI readiness, which will inform future investments and policy development.

To engage the public, Thailand is also organizing Bangkok AI Week 2025 under the theme “AI Powered Nation: Unleashing the Digital Economy for All,” featuring exhibitions, workshops, and interactive events across the city.

For updates, follow Facebook: ETDA Thailand

GA-ASI Announces Investment in Dutch Technology Innovator Arceon

Selection Follows Successful Pitch During Blue Magic Netherlands Event

General Atomics Aeronautical Systems, Inc. (GA-ASI) announces an investment in another Dutch business, Arceon, following the inaugural Blue Magic Netherlands (BMN) event held in November 2024. GA-ASI is a global leader in unmanned aircraft systems and related mission systems.

GA-ASI selected Arceon following a compelling pitch they made during the BMN event and after detailed business and technology discussions with GA-ASI and GA’s affiliates, General Atomics Energy and General Atomics Electromagnetic Systems. Arceon joins Emergent Swarm Solutions and Saluqi Motors as companies receiving investment from GA-ASI following the BMN event.

Arceon is revolutionizing high-performance ceramic composites through their innovative, fast, scalable, and cost-effective melt infiltration process. Their cutting-edge Carbeon carbon-ceramic components – engineered for applications such as nozzles, nozzle extensions, leading edges, nose caps, and airframes – are tailored to meet the increasing and rigorous demands of the space and defense sectors.

“We are honored to collaborate with General Atomics in advancing hypersonic development. This milestone marks our official entry into the U.S. defense sector, presenting an extraordinary opportunity to demonstrate our technology on a global stage. We look forward, with great anticipation, to the journey ahead,” said Rahul Shirke, founder and CEO of Arceon B.V.

“We’re excited to be working with Arceon,” said Brad Lunn, managing director for GA-ASI. “Their technology could have a broad range of applications for GA, from high-temperature engine exhaust materials to hypersonics and fusion containment.”

At the Blue Magic investment and innovation conference in the Netherlands last November, GA-ASI and its partners heard pitches from innovative Dutch companies about the important technologies they are developing. The event was organized collaboratively between GA-ASI, the Dutch Ministry of Defense, the Dutch Ministry of Economic Affairs, Brainport Development in Eindhoven, and Brabant Development Agency (BOM). GA-ASI is delivering eight MQ-9A aircraft to the Royal Netherlands Air Force (RNLAF).

GA-ASI is continuing to work with the Dutch government and Dutch industry in supporting the growth of technology innovation in the Netherlands and anticipates holding its second BMN event in Eindhoven later this year. The company hosted its first Blue Magic event in 2019 in Belgium, with subsequent events held in 2020, 2021, and 2023.

About GA-ASI
General Atomics Aeronautical Systems, Inc., is the world’s foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 8 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle®, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.

For more information, visit www.ga-asi.com.

Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.

Contact Information
GA-ASI Media Relations
asi-mediarelations@ga-asi.com
(858) 524-8101

SOURCE: General Atomics Aeronautical Systems, Inc.

World’s Premier AI Conference, World AI Show – Indonesia 2025, Arrives in Jakarta to Power Southeast Asia’s AI Revolution

Global business events and consulting giant, Trescon is set to host the 45th global edition of the World AI Show on 8–9 July 2025 at the JW Marriott, Jakarta marking a landmark platform for Indonesia’s digital transformation journey. With less than two weeks to go, the summit is already shaping up to be a cornerstone moment in Southeast Asia’s AI development—bringing together national leaders, global technology enterprises, emerging startups, and visionary thinkers who are collectively driving the future of artificial intelligence in the region.

This edition is more than just a continuation of a prestigious global series—it is a pivotal opportunity for Indonesia. As national frameworks such as Stranas KA and Vision 2045 gain momentum, the World AI Show – Indonesia offers a strategic platform for dialogue, investment, and cross-sector partnerships aimed at enabling scalable, responsible AI adoption aligned with national goals.

A Global Platform Backed by Industry Powerhouses

The World AI Show Indonesia 2025 is backed by a powerful ecosystem of global and regional technology leaders, offering unparalleled networking opportunities for delegates and participants. The sponsor lineup is headlined by two of the world’s largest cloud service providers:

Gold Sponsors:
– Alibaba Cloud|Blue Power Technology
– Tencent Cloud
– UCLOUD Global
– ASIX

Bronze Sponsor:
– IDStar, a fast-growing IT solutions provider with strong regional expertise.

The exhibition floor will showcase innovative solutions from Intiva, Kouventa, Fastra, Inoventi, Nusantech ,Tictag , InsightGenie and Mekari offering cutting-edge technologies in AI, data intelligence, automation, enterprise transformation, smart cities, and digital infrastructure.

These partnerships ensure that World AI Show delivers not only global visibility but also meaningful outcomes for sponsors, partners, and delegates through curated networking, media exposure, and access to decision-makers.

Adding to the show’s credibility are high-impact collaborations with influential national and international partners, including:BritCham Indonesia, KUMPUL, STARFINDO (Asosiasi StartUp for Industri Indonesia), APDI, APAII and Tamilar startup. Together, they bring deep networks and strategic alignment to ensure this platform drives measurable progress across both public and private sectors.

The two-day summit promises a high-value experience with a strong focus on collaboration, innovation, and impact. The agenda is thoughtfully curated to address both immediate industry needs and long-term strategic goals. Key themes includes Strategic Focus on Indonesia’s 2045 AI-Driven Digital Economy scaling it to its 10x potential, Covering all bases with strategic insights From Enterprise to Ecosystem,High collaborations, high impact revolutionary and thought provoking ideas within AI advancements . Each session is designed to offer practical insights, policy alignment, and real-world use cases to accelerate implementation across sectors.

Attendees can expect a diverse range of sessions, including:

Responsible AI and ethical deployment
GenAI’s role in enhancing enterprise productivity
AI-powered financial services and fraud detection
Cybersecurity and data privacy in the AI era
Future of work and AI-led workforce transformation

Distinguished Speakers Driving the Dialogue

This year’s speaker line-up features a strong representation from both the public and private sectors, including:

Prof. Hammam Riza, President, KORIKA
Madame Hj. Diana Dewi,. SE, Chairwoman, The Jakarta Chamber of Commerce and Industry (KADIN Jakarta)
Arif Ilham Adnan, Co-Chairman, APDI / KADIN Jakarta
Vincent Henry Iswara, CEO, DANA Indonesia
Restu Kresnadi, Chief Data Officer, Kalbe Farma
Sonny Supriyadi, Chief Data Officer, Maybank
Wilbertus Darmadi, CIO, Toyota Astra Motor
Renaldi Tjahaya, Chief Digital Officer, Kawan Lama Group
Yudhistira Nugraha, Head of Centre for Data & IT, Ministry of Education and Culture
Anindio Daneswara, SVP of IT & Digital, PT Semen Indonesia (Persero) Tbk

Leaders from Tiket.com, PT Semen Indonesia, ID Food, Sinar Mas Land, Meratus, and more will also contribute to key sessions—ensuring deep cross-sector engagement.

FutureTech World Cup: The Spotlight on Innovation

A key highlight of the summit is the FutureTech World Cup, to be held on 9 July 2025 at the J.W Marriott, Jakarta. This live pitch competition will feature ten high-potential startups from across Asia, each selected for their innovation, scalability, and impact in sectors such as:

– Artificial Intelligence
– Smart Cities & Urban Tech
– FinTech & Digital Infrastructure
– HealthTech & BioAI
– Climate Tech & Sustainability

These startups will pitch before an elite jury of regional investment leaders:

– Navas Ebin Muhammed, MD & Head of APAC, Mars Growth Capital (Singapore)
– Wiljadi Tan, Managing Partner, Protemus Capital (Indonesia)
– Derisa Zahara, VP of Value Creation, AC Ventures (Indonesia)
– Agung Bezharie Hadinegoro, Partner, Antler (Indonesia)
– Eddy Gunawan, IT Security Expert, PT Pertamina (Persero)

The competition provides not just visibility but a strategic entry point into Southeast Asia’s innovation economy. The winning startup will also advance to the Grand Finale at the Dubai AI Festival 2026, giving them a truly global stage.

Positioned at the crossroads of innovation, regulation, and industry transformation, World AI Show – Indonesia 2025 is not just a conference—it is a strategic catalyst for collaboration, policymaking, and technological progress in the ASEAN region.

From building public-private partnerships to facilitating investor-ready pitches and enabling AI adoption across sectors, this summit is where Indonesia’s AI future takes shape.

“Indonesia’s AI journey demands both innovation and wisdom. Through KORIKA’s leadership, we are shaping an ecosystem that reflects our national values while advancing technological progress. The World AI Show is a platform of both opportunity and responsibility—a chance to ensure our digital transformation is inclusive and impactful,” said Prof. Hammam Riza, President of KORIKA.

Now is the time to position your organisation at the core of Indonesia’s AI movement. Be part of the conversations—and the outcomes—that will define the region’s digital economy for years to come.

For complimentary delegate passes: click here

For sponsorship opportunities, speaking slots, or delegate access, please contact:
Shrikanth Prabhu
Commercial Director
prabhu@tresconglobal.com
+91 86601 15892

About Trescon

Trescon is a global business events and consulting firm specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, expos, investor connect and consulting services. For more information, visit: www.tresconglobal.com

Media Contact:
Reeha Haris
PR Executive
reeha@tresconglobal.com
+91 8848655312

On Its Centennial: The Occasion of Replacing the Kiswa of the Noble Kaaba Embodies the Kingdom of Saudi Arabia’s Enduring Care for the Two Holy Mosques

The General Authority for the Care of the Two Holy Mosques, represented by the King Abdulaziz Complex for the Holy Kaaba Kiswa, presided over the occasion of the replacing of the Kiswa on the first day of the month of Muharram (Hijri). This took place within an integrated operational system that reflects the Kingdom of Saudi Arabia’s willingness and dedication to serving the Two Holy Mosques-continuing a legacy of over 100 years of care in producing the Kiswa for the Ancient House.

Holy Kaaba

The Ceremony of Changing the Kiswa of the Holy Kaaba

The occasion was conducted with meticulous organisation. As the previous Kiswa was carefully prepared for removal, the new Kiswa was raised and securely fastened to all sides of the Kaaba. Additionally, the door curtain embroidered with golden embellishments, lantern-shaped pieces, the belt, and samadiyah pieces were affixed-a scene embodying high craftsmanship and precision.

The King Abdulaziz Complex for the Holy Kaaba Kiswa is the sole specialist entity responsible for the production of the Kiswa. The production stages are carried out within the complex through a precise production process that begins with the purification of water designated for dyeing, followed by automated weaving, printing, embroidery, and assembly. It concludes with quality assurance measures undertaken by 154 skilled Saudi specialists and technicians.

During the production of the Kiswa-which weighs up to 1,415 kilograms-high-quality raw materials are utilised, including 825 kilograms of black-dyed natural silk and 410 kilograms of cotton. The Kiswa is embroidered with 120 kilograms of gold thread and 60 kilograms of silver thread. Additionally, it features 54 gold-coated pieces, comprising the belt, Quranic verses, the door curtain, lantern-shaped pieces, and embellishments surrounding the Mizab and corners.

The Kiswa is adorned with 68 Quranic verses from 11 surahs, while the door curtain contains 763 words from the Quran. It is secured using 100 precisely positioned ropes, evenly distributed across all four sides of the Noble Kaaba.

The Kiswa stands over 14 metres tall and is made up of five main parts-four of which cover each side of the Kaaba, while the fifth forms the door curtain, embroidered with Quranic verses in gold and silver threads, crafted using precise techniques and profound expertise.

The occasion of replacing the Kiswa represents a continuation of the legacy established by the Kingdom of Saudi Arabia since the time of its founder, King Abdulaziz bin Abdulrahman Al Saud-may Allah have mercy upon him. It reaffirms the continuation of this blessed legacy under the direct care of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and his Deputy, His Royal Highness Crown Prince Muhammad bin Salman bin Abdulaziz-may Allah preserve them both. This initiative aligns with the national vision that emphasises excellence in the services provided to the visitors of the Sacred House of Allah.

Source: https://alharamain.gov.sa/public/?page=home_en

About the Authority:
An independent body overseeing the Grand Mosque and the Prophet’s Mosque.

Contact:
(+966) 8254241 – (+966) 0148233610
Unified Contact Centre: 1966

Contact Information

The General Authority for the Care of the Two Holy Mosques
Makkah
(+966) 0148233610

SOURCE: The General Authority for the Care of The Two Holy Mosques

XCF Global and Continual Renewable Ventures Announce Memorandum of Understanding to Launch New Rise Australia, a SAF and HVO Platform Powered by XCF

Parties negotiating terms of definitive agreement
Agreement intended to launch New Rise Australia as a SAF and HVO platform driven by XCF’s patent-pending site design and configuration
Agreement expected to include equity stake, license fees, and exclusive rights to the Australian market
Intended partnership in line with announced strategy regarding international expansion

XCF Global, Inc. (XCF) (NASDAQ:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel (SAF), and Continual Renewable Ventures Pty. Ltd. (Continual), an Australian-based company with a focus on advancing SAF and hydrotreated vegetable oil (HVO), also known as renewable diesel, today announced the signing of a non-binding Memorandum of Understanding (MOU) that seeks to launch New Rise Australia Pty. Ltd. (New Rise AU), a venture dedicated to the development and commercialization of synthetic aviation fuel projects across Australia.

New Rise AU is expected to operate under a licensing agreement that leverages XCF’s integrated SAF platform – including patent-pending site design, configuration, and layout that shortens development timelines and improves capital efficiency. Designed for rapid deployment and scalable growth, the first Australian facility is expected to follow the blueprint of XCF’s New Rise Reno facility.

“This partnership underscores the strength of XCF’s platform and validates our unique, capital-efficient approach to facility development. Our patent-pending site design and modular configuration give ventures like New Rise AU a strategic head start in high-demand markets,” said Mihir Dange, Chief Executive Officer and Board Chair of XCF Global. “The Australian market is primed for SAF growth, with strong regulatory support, rising demand from the aviation sector, and a focus on cutting emissions. We’re excited to bring our blueprint to the region and proud to work alongside a team that shares our ambition to accelerate the clean energy transition.”

Renzo Petersen, Director of Continual, added: “We chose XCF because of their innovative approach to SAF and HVO facility design, which enables faster, more efficient deployment at scale. This partnership gives us a head start in building Australia’s next-generation SAF and HVO infrastructure. We’re proud to collaborate with XCF to bring SAF and HVO solutions to Australia. Together, we’re laying the foundation for a scalable, commercially viable platform that supports Australia’s decarbonization goals and positions New Rise AU as a regional leader in sustainable fuel.”

Today’s announcement marks a key milestone in XCF’s international expansion strategy and builds on the company’s momentum following the recent commissioning of its New Rise Reno facility in Reno, Nevada and listing on the Nasdaq Capital Market.

Definitive agreements are expected to be completed in the coming months, with legal, technical, and commercial diligence already underway. However, there can be no assurance that the parties will enter into definitive agreements in a timely manner or at all, or, if definitive agreements are reached, that the terms will be consistent with the terms outlined in the MOU.

About XCF Global, Inc.

XCF Global, Inc. is a pioneering synthetic aviation fuel company dedicated to accelerating the aviation industry’s transition to net-zero emissions. XCF is developing and operating state-of-the-art clean fuel SAF production facilities engineered to the highest levels of compliance, reliability, and quality. The company is actively building partnerships across the energy and transportation sectors to accelerate the adoption of SAF on a global scale. XCF is currently listed on the Nasdaq Capital Market and trades under the ticker, SAFX. To learn more, visit www.xcf.global.

About Continual Renewable Ventures Pty. Ltd.
Continual Renewable Ventures Pty. Ltd. is an Australian-based company committed to building the infrastructure required to support the long-term decarbonization of the transportation industry in Australia. With a focus on advancing SAF and HVO projects, the company brings together an experienced team of seasoned entrepreneurs, engineers, and Indigenous business leaders who are united by a shared commitment to innovation, sustainability, and economic development.

Forward-Looking Statements
This Press Release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global’s expectations with respect to future performance and anticipated financial impacts of the Business Combination, estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global’s expenses resulting from potential inflationary pressures and rising interest rates, including manufacturing and operating expenses and interest expenses; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global’s offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination Agreement or others; (5) XCF Global’s ability to meet Nasdaq’s continued listing standards; (6) XCF Global’s ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global’s ability to raise financing in the future and the terms of any such financing; (8) New Rise’s ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) XCF Global’s ability to resolve current disputes between New Rise and its landlord with respect to the ground lease for the New Rise Reno facility; (10) XCF Global’s ability to resolve current disputes between New Rise and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (11) costs related to the Business Combination and the New Rise acquisitions; (12) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (13) XCF Global’s ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (14) changes in applicable laws or regulations; (15) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (16) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (17) the availability of tax credits and other federal, state or local government support; (18) risks relating to XCF Global’s and New Rise’s key intellectual property rights; (19) the risk that XCF Global’s reporting and compliance obligations as a publicly-traded company divert management resources from business operationsÍ¾ (20) the effects of increased costs associated with operating as a public companyÍ¾ and (21) various factors beyond management’s control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global’s filings with the Securities and Exchange Commission (“SEC”), including the final proxy statement/prospectus relating to the Business Combination filed with the SEC on February 6, 2025, this Press Release and other filings XCF Global makes with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global’s expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global’s assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.

Contacts
XCF Global, Inc.:
Chris Santa Cruz
invest@xcf.global

For Media:
Fatema Bhabrawala
fbhabrawala@allianceadvisors.com

SOURCE: XCF Global, Inc.

Galaxy Payroll Partners with CURRENC to Integrate AI and Stablecoin Technology in HR Solutions

Galaxy Payroll Group Limited (NASDAQ: GLXG, Galaxy Group), a leading global payroll provider, announced today the signing of a Memorandum of Understanding (MOU) to jointly develop innovative AI-powered HR solutions. The partnership will combine Galaxy’s payroll expertise with CURRENC’s artificial intelligence technology to create advanced tools for modern workforce management.

The cooperation, as outlined in the MOU, will focus on the development of two key modules that leverage the combined strengths of both parties. The “AI HR & Payroll Manager” will integrate Galaxy’s extensive payroll expertise with CURRENC’s advanced AI capabilities to streamline and enhance HR and payroll operations. This module will also introduce cryptocurrencies, particularly stablecoins, as a payment option for payroll processing, aligning with the growing trend of digital payments and offering clients a more efficient and secure payment alternative.

The “AI Recruitment Manager” will utilize data-driven automation technology to optimize the recruitment process, providing intelligent candidate screening and automated interview scheduling. This system aims to help enterprises accurately match talents with job requirements, significantly improving the efficiency and effectiveness of their recruitment processes. Together, these modules will not only enhance operational efficiency but also provide clients with innovative solutions that address modern workforce challenges.

Speaking of the strategic significance of this cooperation, Wai Hong Lao, Chairman and Chief Executive Officer of Galaxy Payroll Group, said, “Integrating stablecoins into our AI-driven HR product suite represents a dual innovation. It not only keeps pace with the current trend of digital payments but also enhances operational efficiency for our multinational clients, helping them achieve HR management upgrade in the digital era.”

Alex Kong, Founder and Executive Chairman of CURRENC, stating, “By combining Galaxy’s professional payroll service advantages with our accumulated AI technology in the financial field, we are confident in creating next-generation HR tools that can meet the challenges of today’s labor market and provide enterprises with more competitive solutions.”

About CURRENC Group Inc.
CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies, cryptocurrency exchanges and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

About Galaxy Payroll Group Limited
Galaxy Payroll Group Limited is a leading payroll outsourcing service provider based in Hong Kong. The company specializes in delivering HR and payroll solutions to multinational companies across various industries. With a focus on innovation and client satisfaction, GLXG operates in Hong Kong, Taiwan, Macau, and the PRC, offering payroll outsourcing, employment services, and consultancy to businesses of all sizes.

For more information, please visit Galaxy Payroll Group’s website: www.galaxyapac.com.

Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words “believe,” “anticipate,” “intends,” “estimate,” “potential,” “may,” “should,” “expect” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.

For enquiry, please contact Intelligent Joy Limited:
Karen Deng
Phone: (852) 3594 6407
Email: pr-team@intelligentjoy.com

Investing News Network Strengthens Australian Presence with Appointment of Industry Veteran John Phillips

The Investing News Network (INN), a global leader in independent news and investor education focused on publicly listed companies, is pleased to announce the appointment of John Phillips as Country Head, Australia. This strategic hire underscores INN’s ongoing commitment to supporting Australian-listed companies and connecting them with a growing base of active, informed investors.

Phillips brings more than two decades of media, financial publishing and investor engagement experience. His deep industry knowledge and trusted reputation in Australia’s capital markets will be instrumental as INN expands its reach and services across the region.

“Australia remains one of the world’s most dynamic markets for early-stage and resource-focused public companies. We’re committed to providing these issuers with the tools and exposure they need to reach global investors,” said Chris Hogg, Chief Revenue Officer of INN. “Bringing John on board represents a major step forward in that mission. His expertise and relationships across the sector will allow us to deliver even greater value to our clients and our audience.”

INN has operated in Australia since 2017 and continues to grow its audience of retail investors interested in commodities, technology, life sciences and more. The network produces original news, interviews and investor reports that help demystify complex sectors and improve access to credible company insights.

“This is a unique opportunity to help grow a trusted brand with a global footprint and bring greater visibility to the incredible innovation happening across the ASX,” said Phillips. “I’m excited to join INN and help strengthen its position as a key bridge between companies and investors.”

For more information on INN’s services or its expansion in Australia, please visit www.investingnews.com or contact:

John Phillips
+61 431 597 771
jphillips@investingnews.com

About Investing News Network

The Investing News Network (INN) is a destination for trusted, independent news and education for investors exploring the public markets. With sector-specific coverage and direct access to company insights, INN helps investors make informed decisions – and helps public companies improve visibility and attract shareholder interest.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256806

Silo Pharma Enters Letter of Intent for JV with Hoth Therapeutics to Develop Obesity Treatment Targeting $16 Billion Global Market

Silo Pharma, Inc. (Nasdaq: SILO) (“Silo” or the “Company”), a developmental stage biopharmaceutical company focused on novel therapeutics and drug delivery systems, today announced that it has entered into a non-binding letter of intent to form a strategic 50:50 joint venture with Hoth Therapeutics, Inc. (Nasdaq: HOTH) to develop and commercialize a potential treatment for obesity and metabolic disease based on technology Hoth has exclusively licensed from the U.S. Department of Veterans Affairs (VA) that was co-developed by the VA and Emory University.

The novel therapeutic platform centers on glial cell line-derived neurotrophic factor (GDNF), a VA-invented biologic with demonstrated anti-obesity effects and metabolic regulation in preclinical models. The platform is protected under U.S. Patent No. 10,052,362 and targets multiple high-burden conditions, including non-alcoholic fatty liver disease (NAFLD), type 2 diabetes, and central obesity.

“With obesity at epidemic levels and no curative therapies available, we believe the VA’s biologic GDNF is potentially a game-changer,” said Eric Weisblum, CEO of Silo Pharma. “We believe that our potential JV collaboration with Hoth aligns with our mission to accelerate groundbreaking science into human trials.”

“This VA-originated obesity technology has the potential to disrupt a $16 billion market and deliver life-changing impact for millions, including veterans disproportionately affected by metabolic disorders,” added Robb Knie, CEO of Hoth Therapeutics. “We are proud to partner with Silo Pharma in an effort to bring this innovation to the public.”

Deal Highlights:

Exclusive U.S. License from the U.S. Department of Veterans Affairs covering all fields of use
50/50 joint venture structure with equal equity and governance participation
Lead indication: Obesity and NAFLD — conditions with prevalence among both civilian and veteran populations

Unmet Need:

Obesity affects over 40% of U.S. adults and is a leading risk factor for diabetes, cardiovascular disease, and liver failure. Veterans are especially impacted due to chronic inflammation, PTSD-linked metabolic disruption, and access challenges to effective care. There are no approved curative biologics targeting the neuroinflammatory root of obesity, a gap that this VA-originated technology is uniquely positioned to fill.

Strategic Alignment:

The partnership leverages:

The clinical infrastructure and public mission of the VA
Hoth’s regulatory and development expertise
Silo’s translational capabilities and capital efficiency

About Silo Pharma

Silo Pharma Inc. (Nasdaq: SILO) is a developmental stage biopharmaceutical company focused on addressing underserved conditions, including stress-induced psychiatric disorders, chronic pain, and central nervous system (CNS) diseases. The Company’s portfolio includes innovative programs such as SPC-15 for PTSD, SP-26 for fibromyalgia and chronic pain, and preclinical assets targeting Alzheimer’s disease and multiple sclerosis. Silo’s research is conducted in collaboration with leading universities and laboratories. silopharma.com

Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified using words “could”, “believe”, “anticipate”, “intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, and similar expressions that are intended to identify forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Silo Pharma, Inc. (“Silo” or “the Company”) to differ materially from the results expressed or implied by such statements, including changes to anticipated sources of revenues, future economic and competitive conditions, difficulties in developing the Company’s technology platforms, retaining and expanding the Company’s customer base, fluctuations in consumer spending on the Company’s products and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company disclaims any obligations to publicly update or release any revisions to the forward-looking information contained in this press release, whether as a result of new information, future events, or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events except as required by law.

Source: SILO Pharma Inc.
Contact: 800-705-0120
investors@silopharma.com