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AlgoGroup, a tech-enabled pet brand platform, secures USD 1 million seed round of funding.

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SINGAPORE, Feb. 22, 2024 /PRNewswire/ — AlgoGroup, a tech-enabled pet brand platform, secures USD 1 million seed round of funding. The round was co-led by FoundFast and Primest Capital, with investment from notable angels including Thomas Hill (previously Founder of Clicksit before exit to Sorted).

The company plans to use the funds for international growth, creating Go-to-Market Programs for Pet Brands in Hong Kong, Singapore and the United Kingdom markets. Each program will provide emerging pet brand owners with direct customer insights and improved marketing efficiency, driven by Algo+, a proprietary trading platform designed to ease access to pet-specific sales channels.

Algo was founded in 2023 by Chris Fung, a Sydney University alumnus in Hong Kong, supported by founding team members joining from Klook, Meta and Una Brands, to address a growing market for emerging pet brands that had difficulty penetrating an increasingly specialized distribution landscape.

“The Algo story began when we noticed a surge in new pet brands founded by entrepreneurs who were pet enthusiasts. These brand owners were underserved by traditional distributors, and lacked resources operating e-commerce marketplaces to scale their brands internationally,” said Fung.

Despite a $270bn pet product market growing at 9.3% CAGR in the Asia-Pacific region, leaders in the pet product space report double digit declines in market share. At the same time, methods of distribution, especially in e-commerce, increasingly require specialized skills. Algo aims to address the pain points of emerging brand owners by providing market intelligence, efficient access, to exit or co-ownership opportunities.

“Algo’s vision is to use e-commerce data & technology to more efficiently create brands and products in tune with what customers want, starting with the pet sector. This capital raise allows us to better reach out to pet brand entrepreneurs to join our family of brands,” said Fung. “At the same time, we are excited to partner with investors including FoundFast and Primest Capital to drive our vision forward”.

“Algo offers a compelling new vision for how to create a house of consumer brands through technology, with strong ties to Hong Kong“, said Christian Oei, partner at FoundFast, a Hong Kong based startup platform. “As champions of Hong Kong entrepreneurial talent, we’re proud to call AlgoGroup our first portfolio company.”

“We are impressed by the vision of the founding team of Algo, and their determination to effect disruption in the pet sector,” said Gunnar Mansfeld, Chairman of Primest Capital, an asset management and investment advisory business with strong ties to Sweden. “We look forward to working closely with Algo’s management team to enter the European market”.

About AlgoGroup

AlgoGroup’s vision is to become Asia’s leading tech-enabled pet brand platform, specialising in the organic growth, management and selective acquisition of pet care, food and related brands. Algo adopts a proprietary process that quickly identifies, validates and then integrates emerging brands into its house brand portfolio using e-commerce and technology. For more information, see: AlgoGroup.io.

About the Investors

FoundFast is a startup platform allowing potential founders to quickly validate and iterate on ideas, receive coaching, and access investment opportunities. FoundFast runs a monthly ideation stage competition with no-strings-attached cash prizes, as well as other community events.  For more information, see: FoundFast.io.

Primest Capital is a HK based asset management and investment advisory business with offices in Sweden and Australia. Primest invests in sectors from Manufacturing and Engineering, Commodities and Natural Resources, Seafood and Fisheries, Food, Pharma, Retail, and FMCG. For more information, see: http://bit.ly/48qYX2v.

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SOURCE AlgoGroup

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Spectrum Joins Meyer Shank Racing for the 109th Running of the Indianapolis 500

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INDIANAPOLIS, May 13, 2025 /PRNewswire/ — Meyer Shank Racing (MSR) today announced that Spectrum, one of the nation’s leading broadband connectivity providers, will be the primary sponsor for the No. 66 Honda Indy car driven by Marcus Armstrong for the 109th Indianapolis 500 on Sunday, May 25th.

Spectrum will also have placements on the No. 60 Honda Indy car driven by Felix Rosenqvist and the No. 06 Honda Indy car driven by four-time Indianapolis 500 winner Helio Castroneves.

Armstrong will head into Indianapolis 500 practice this week with a striking Spectrum blue livery on his car. With more than 31 million customers across 41 states, Spectrum is the #1 TV provider in the nation¹, with video packages geared towards sports fans and the top streaming apps included at no extra cost. Spectrum’s focus on providing seamless entertainment and connectivity products – including the nation’s fastest and most reliable internet² – works hand-in-hand with MSR’s goals on and off track during the Month of May.

“We’re really excited to have Spectrum onboard with us for the Indianapolis 500,” said Mike Shank, MSR Team Co-Owner. “It’s always special to align with a brand that shares our passion for performance, precision, and pushing the limits. Having Spectrum adds real momentum to our effort with Marcus [Armstrong], and we’re proud to represent their colors on the biggest stage in racing.”

The collaboration will not only see Spectrum enter the motorsports realm, but the national brand will be centerstage for the country’s largest attended single day sporting event, with 350,000 race fans present. Just like the Indy 500 tradition of drinking milk in Victory Lane, Spectrum brings its own time-honored tradition of exceptional service, speed, and reliability to Indianapolis Motor Speedway.

“The Indy 500 represents the pinnacle of speed and performance, and that makes it the perfect stage for our brand,” said Sharon Peters, Executive Vice President, Chief Marketing Officer for Spectrum. “As the provider of the nation’s fastest internet, we know what it takes to always deliver at full throttle. Sponsoring these incredible race cars is our way of showing up where speed matters most, and we cannot wait to cheer MSR on at the Brickyard.”

MSR will begin Indianapolis 500 practice starting on Tuesday, May 13th which will see the No. 66 Spectrum Honda take to the track for the first time. The 109th Running of the Indianapolis 500 is set for Sunday, May 25th with live coverage on FOX.

¹Based on earnings results of paid TV video providers with linear programming.

²Fastest Speeds claim based on Broadband Download Speed among the top 5 national providers in Opensignal USA: Fixed Broadband Experience Report – National View, May 2024. Based on Opensignal independent analysis of mean download speed. © 2024 Opensignal Limited.

About Spectrum 
Spectrum is a suite of advanced communications services offered by Charter Communications, Inc. (NASDAQ:CHTR), a leading broadband connectivity company and cable operator with services available to more than 57 million homes and businesses in 41 states. Over an advanced communications network, supported by a 100% U.S.-based workforce, the Company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.

More information can be found at corporate.charter.com

About MSR
Meyer Shank Racing (MSR) is a championship-winning motorsports team competing in the NTT INDYCAR SERIES and IMSA WeatherTech SportsCar Championship. Founded by Mike Shank and headquartered in Pataskala, Ohio, MSR has established itself as a premier team with a reputation for innovation, perseverance, and performance. The team is a three-time overall winner at the prestigious Rolex 24 at Daytona and is a multi-IMSA championship winning team. In addition to its sports car racing success, MSR is the 2021 Indianapolis 500 winner in NTT INDYCAR SERIES competition with the team debuting in the series in 2017. With a focus on engineering excellence and driver development, Meyer Shank Racing continues to push the boundaries of motorsport in North America.

For more information visit www.meyershankracing.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/spectrum-joins-meyer-shank-racing-for-the-109th-running-of-the-indianapolis-500-302454069.html

SOURCE Charter Communications, Inc.

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RS and ebm-papst enable renewable energy infrastructure

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ebm-papst leveraged its 60+ years of rigorous R&D experience in air-moving technologies to launch two fan series engineered to help customers solve critical cooling challenges in the renewable energy industry. Both are now in stock at RS, providing customers with quick and easy access and proven technical support.

FORT WORTH, Texas, May 13, 2025 /PRNewswire/ — RS, a global product and service solutions provider for industrial customers, offers an extensive portfolio of ebm-papst fans engineered to maximize efficiency, significantly reduce power consumption, and minimize noise, including two new series optimized to help customers solve critical cooling challenges in the renewable energy industry.

ebm-papst’s economical, high-efficiency, low-noise fans solve tough cooling challenges in the renewable energy industry.

The renewable energy industry is experiencing significant growth fueled by a combination of customer demands, climate concerns, and government initiatives. Electric vehicle (EV) sales, for instance, have soared, creating an increased need for the infrastructure required to support them. The number of EV charging ports in the U.S. grew from around 184,000 in 2023 to around 204,000 in 2024, representing a roughly 11% increase in publicly accessible medium-power and fast-charging technologies. In addition, the cumulative storage capacity of large-scale lithium-ion battery energy storage systems (BESS) in the U.S. surged from just 16 gigawatts (GW) in 2023 to a record-breaking 26.3GW in 2024, representing a roughly 64% increase.

EV charging stations and BESS generate a significant amount of heat and are continually evolving, incorporating new, more advanced components to drive increased performance. Unfortunately, the more electronic components there are in a system, the more heat those systems generate, and heat is the mortal enemy of electronics — slashing efficiencies, shortening product lifespans, and increasing the risk of failure.

As such, these systems rely on an assortment of thermal management technologies, including fans, a comparatively simple and cost-effective active cooling technology, to dissipate heat and maintain a safe operating temperature. A typical DC fast charger, for example, can contain as many as 20–25 small- to medium-sized axial fans in addition to higher pressure fans with backward curved impellers.

To satisfy the challenging thermal management demands of these and other densely populated electronic systems, ebm-papst leveraged its more than 60 years of rigorous research, design, and development experience in air-moving technologies to launch the high-performance AxiForce and W3G300–ME46 series fans — both of which are engineered to deliver high efficiency, low noise, and low vibration while remaining economically competitive.

ebm-papst AxiForce series fans have an innovative, aerodynamic housing and fan blade design that makes them both quieter and more energy efficient than their predecessors and competitors. Their steep air performance curve delivers maximum efficiency, which reduces power requirements and heat generation and extends their lifespan, and their small form factors support installation flexibility and broad application suitability. In addition to a high cooling capacity, AxiForce series compact tubeaxial fans provide an acoustic noise advantage of up to 6dB(A), environmental protection up to IP68, and the ability to network with device logic. They also achieve pressures of up to 4.8 inches of water gauge (in. WG) or 1,200 Pascals. This series is currently available in 80, 120, and 172mm models, with additional sizes to come later this year, and ideal applications include EV chargers, industrial control cabinets, and applications with high back pressure.

The new ebm-papst W3G300–ME46 series fans are larger than AxiForce fans at 300mm in diameter and are specifically designed to meet the needs of outdoor renewable energy applications, like high-power EV chargers and BESS. These electronically commutated (EC) fans combine AC and DC voltages to provide very high power densities and don’t need to be connected to the grid, which protects them from exposure to voltage fluctuations and frequency deviations. They also offer thermal overload protections, locked rotor detection, and motor current limiting and can be built locally in the U.S., which helps minimize delivery timelines. In addition, since they’re often mounted at the top of renewable energy devices, where exposure to moisture and direct sunlight is greatest, they’re qualified using the ISO16750 harsh environment automotive standard, which exposes the fans to ice, rain, sun, wind, and washing substances to ensure safe and reliable operation in even the most extreme conditions.

To learn more about the vast selection of ebm-papst fan and thermal management products available at RS, including the AxiForce series fans and the new W3G300–ME46 series fans, visit the links embedded here and check out the company’s most recent RS Expert Advice article, “Cooling eMobility and renewable energy infrastructure,” an interview with Todd Cardillo, the Director of Renewable and Industrial Markets at ebm-papst.

To view the complete RS portfolio of ebm-papst products or the company’s other contributions to the RS Expert Advice series, visit the links embedded here. For assistance identifying, procuring, deploying, and maintaining ebm-papst air-moving solutions optimized to solve critical cooling challenges in the renewable energy industry and beyond, please contact your local RS representative at 1.866.433.5722 or reach out to the RS technical support team.

About RS 
RS is a global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably. 

We operate in 36 markets, stock over 800,000 industrial and specialist products, and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations. We enhance their experience through a tailored service model, leveraging our efficient physical, digital, and process infrastructure sustainably. We combine a technically led and digitally enabled approach with an exceptional team of experts; ultimately, it’s our people that make the difference.

Our purpose, making amazing happen for a better world, reflects our focus on delivering results for people, planet, and profit. 

RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2024 reported revenue of £2,942 million.

For more information, please visit https://www.rsgroup.com/ or connect with us on LinkedIn or X (Twitter).

About RS in the Americas
In the Americas region, RS stocks more than 250,000 industrial and electronic products from more than 700 trusted suppliers. These solutions cover categories extending from automation and control equipment to interconnect, passive, active, and electromechanical components and include more than 80,000 high-quality, competitively priced RS PRO products. For more information, please visit https://us.rs-online.com or connect with us via social media on FacebookX (Twitter), LinkedIn, and YouTube.

Image Download:
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Editorial Contact & Media Inquiries:
Erica Goode, RS Director of Marketing – U.S. and Canada
Erica.Goode@rsgroup.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/rs-and-ebm-papst-enable-renewable-energy-infrastructure-302454068.html

SOURCE RS

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Broadridge Declares Quarterly Dividend of $0.88 Per Share

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NEW YORK, May 13, 2025 /PRNewswire/ — Broadridge Financial Solutions, Inc. (NYSE:BR) announced that its Board of Directors has declared a quarterly cash dividend of $0.88 per share. The dividend is payable on July 2, 2025 to stockholders of record at the close of business on June 12, 2025.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge’s technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information about Broadridge, please visit www.broadridge.com.           

Contact Information 

Investors
broadridgeir@broadridge.com

Media
Gregg.rosenberg@broadridge.com

 

View original content:https://www.prnewswire.com/news-releases/broadridge-declares-quarterly-dividend-of-0-88-per-share-302454076.html

SOURCE Broadridge Financial Solutions, Inc.

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