VEVEY, Switzerland, Nov. 11, 2024 /PRNewswire/ — Nestlé and Formula 1® (F1®) are thrilled to announce a landmark partnership, making KitKat the Official Chocolate Bar of Formula 1. This multi-year collaboration is Nestlé’s largest global brand partnership to date, signaling a major step for the chocolate maker and for one of consumers’ favorite chocolate bar brands.

Introducing breaks to the fastest sport on Earth

Bringing its iconic “Have a Break, Have a KitKat®” message to the high-speed world of Formula 1, KitKat will champion the importance of taking a moment to pause.

A season full of breaks and surprises

The collaboration will officially launch during the 2025 season, marking the 90th anniversary of KitKat and the 75th anniversary of Formula 1. It will then expand across the world throughout 2026.  F1 enthusiasts can look forward to consumer activations, promotional prizes and immersive fan zones at select Grands Prix, with trackside branding, and cheerful, light-hearted content.

Uniting two global icons for a shared experience

This partnership unites two large global fanbases in an innovative way that blends the thrill of motorsport with the renowned sense of humor of KitKat and tradition of sharing breaks.

“Formula 1 is a global phenomenon with a rapidly growing, diverse fanbase, especially among younger audiences,” said Bernard Meunier, Head of Strategic Business Units and Marketing and Sales at Nestlé. “With its global reach and packed schedule, F1 offers KitKat the perfect platform to remind everyone to make time for a break. We’re excited to bring our signature sense of fun to this thrilling sport and to create memorable experiences for fans around the world.”

Emily Prazer, Chief Commercial Officer at Formula 1, said: “We’re delighted to have such a universally recognised and fun brand as KitKat joining us as a partner. They’re universally loved and we can’t wait to see the fantastic experiences they’ll be bringing to our fans at the track and the new audiences they’ll introduce to the sport.”

What’s next?

Stay tuned for more details, as KitKat and Formula 1 embark on this exciting journey together.

For more information, please visit www.kitkat.com/formula1

SOURCE KitKat

NEW YORK, Nov. 11, 2024 /PRNewswire/ — SunCar Technology Group Inc. (NASDAQ: SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, has entered into a strategic partnership with Wuhan JIDU Automobile Service Co. LTD. (“Wuhan JIDU”), to provide its cutting-edge insurance technology platform to auto buyers and customers across China. This partnership represents a major step in enhancing the digital insurance experience for Wuhan JIDU’s expanding customer base.

Wuhan JIDU, a key player in the intelligent vehicle industry, is the groundbreaking joint venture between Baidu and Geely. JIDU Auto is at the forefront of developing intelligent electric vehicles (EVs), focusing on AI-driven autonomous technology. With this collaboration, Wuhan JIDU will leverage SunCar’s cloud-based intelligent insurance platform (the “Platform”) to deliver efficient, fully digital insurance services, cementing its position in the evolving smart mobility landscape.

The nationwide rollout of SunCar’s intelligent insurance platform will provide Wuhan JIDU’s customers with an all-in-one solution for managing their auto insurance needs. The Platform offers instant online quoting, underwriting, electronic policy issuance, and claims management powered by big data and AI. It connects Wuhan JIDU with leading insurance providers and intermediaries, ensuring customers receive tailored insurance services efficiently and effortlessly.

“We are proud to collaborate with Wuhan JIDU, a visionary in the intelligent EV industry, to bring our advanced insurance technology platform to their nationwide customer base,” said Ye Zaichang, Chairman and CEO of SunCar Technology Group Inc. “This partnership goes beyond providing a service—it represents a shared vision to redefine the auto insurance experience in China. By combining our expertise in cloud-based, AI-powered insurance solutions with Wuhan JIDU’s forward-thinking approach to electric and autonomous vehicles, we are creating a comprehensive, digital-first insurance ecosystem that aligns perfectly with the needs of today’s tech-savvy consumers.”

“This collaboration not only enhances the value Wuhan JIDU delivers to its customers but also demonstrates the scalability and versatility of our Platform. We are committed to supporting Wuhan JIDU as it continues its rapid growth, offering seamless, intelligent services to auto buyers nationwide. Our goal is to ensure that every customer enjoys the convenience and efficiency of our digital Platform, setting a new benchmark for customer experience in the automotive and insurance industries. As we look ahead, we believe this partnership will serve as a model for future collaborations and industry-wide transformation,” concluded Mr. Ye.

About SunCar Technology Group Inc.

Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company’s intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com. 

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

Contact Information:

SunCar:
Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com 

U.S. Investor Relations
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

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SOURCE SunCar Technology Group Inc.

Technology leader joins company at time of increasing Echosystem™ Learning Transformation Platform™ adoption and growth.

NEW YORK, Nov. 11, 2024 /PRNewswire/ — Echo360, the leading global provider of SaaS authoring, video, engagement, and assessment solutions enabling transformative learning outcomes for education and business, has announced Marquess Lewis as Chief Technology Officer (CTO). A technology leader in education and business markets, Lewis brings proven experience and innovation in strategic digital transformations and AI, data architecture, engineering execution, and operating secure infrastructures to Echo360’s 2000+ global education and business customers.

Lewis joins Echo360 from Scholastic, where he served as Head of Education Engineering. Prior to Scholastic, Lewis led technology systems architecture, security, cloud operations, and digital transformation efforts for leading edtech, corporate learning, and digital content providers such as Pearson, Unicon Inc., and Starz.

“Marquess deeply resonates with Echo360’s operational DNA and customer-first, high-performing, innovative, and collaborative culture,” said Murad Velani, Echo360 President and CEO. “His proven track record of architecting and delivering innovative, scalable, and secure technology solutions across education and business markets around the world will accelerate this compelling period of growth for Echo360.”

Lewis joins the company on the heels of recently launching its Echosystem™ Learning Transformation Platform™; an interoperable, modular suite of learning solutions that delivers dynamic creation, engagement, and assessment of education and training at scale.

Added Velani, “Marquess’s highly collaborative approach to working with product development, engineering teams, and customers around the world will amplify the transformative learning experiences and outcomes of the Echosystem™, delivering the highest standards of interoperability, modularity, and accessibility.”

About Echo360
Echo360 is the global edtech leader vitalizing transformative learning experiences for education and business through the Echosystem™: the world’s first and only Learning Transformation Platform™ (LTP™) that delivers dynamic creation, engagement, and assessment of education and training at scale for over 2 million learners, instructors, trainers, and frontline workers across the Americas, EMEA, and APAC regions of the world.

Built for the cloud and comprised of innovative authoring (EchoInk™), video (EchoVideo™), engagement (EchoEngage™), and assessment (EchoExam™) solutions, the Echosystem™ is an interoperable, modular, end-to-end suite of industry-defining solutions grounded in principles of equity, engagement, and evidence for everyone, anywhere to create, record, deliver and consume content, give and receive feedback, and gain real-time insights along their transformative learning journey. Echo360 Transforming Learning. For more information visit www.echo360.com.

CONTACT INFORMATION:
Jeff Peterson
Echo360
612.859.0488
386085@email4pr.com

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SOURCE ECHO360