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U Power Limited Enters into a Memorandum of Understanding with Durapower Holdings Pte Ltd.

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SHANGHAI, Feb. 23, 2024 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has entered into a Memorandum of Understanding (the “MOU”) on February 6, 2024, with Durapower Holdings Pte Ltd. (“Durapower”), a Singapore-based lithium-ion battery manufacturer.

Pursuant to the MOU, U Power and Durapower intend to jointly explore several areas relating to battery swapping technology applications for electric vehicles and ships used for medium- and short-distance transportation, mining trucks used for ore transfer, and logistical vehicles used for urban cold chain distribution. U Power and Durapower also intend to cooperate to establish a “battery banking” business model based on intelligent battery swapping technology, and collaborate on marketing efforts to promote awareness of the technology in Singapore and elsewhere.

Mr. Jia Li, Chief Executive Officer and Chairman of the Board of Directors of the Company, commented, “We believe this collaboration can help drive the advancement of scalable and sustainable new applications for battery swapping technology. We are eager to leverage Durapower’s industry knowledge and resources, and are excited to work together to achieve future success.”

About U Power Limited

U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China’s lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company’s website: http://ir.upincar.com/.

Forward-Looking Statements

This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

Contact

U Power Limited
Investor Relations Department
Email: ir@upincar.com

Robin Yang, Partner
ICR, LLC
Email: UPower.IR@icrinc.com
Phone: +1 (212) 475-0415

 

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Workato Named a Leader in the 2025 Gartner® Magic Quadrant™ for iPaaS

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Workato received 4.9/5 ratings in Gartner Peer Insights™ as of 20th May 2025, based on 452 reviews

SYDNEY, May 23, 2025 /PRNewswire/ — Workato®, the leading Enterprise Orchestration platform, announced today that it has again been recognized as a Leader with the furthest in vision placement in the 2025 Gartner® Magic Quadrant™ for Integration Platform as a Service. Workato has been named a Leader seven consecutive times for its ability to execute, and completeness of vision, with the furthest in vision placement for the second year.

Workato enables enterprises to transform their business operations by orchestrating business processes end-to-end and operationalizing AI across the entire organization. Designed with best-in-class security and governance, scalability, performance, and availability, Workato’s low-code, no-code platform makes it seamless and fast for IT and business teams to orchestrate their applications, data, and experiences.

“Since starting Workato over 10 years ago, our main focus has been how we drive value for our customers — their success, future, and transformation. To be recognized as a Leader with the furthest in vision in this year’s Magic Quadrant for iPaaS is an honor for us,” said Vijay Tella, CEO and Co-founder of Workato. “We believe Workato is being recognized for its capabilities in driving transformative results and our commitment to customer success, collaboration, and transformation through AI.”

In addition to being named a Leader in the report, Workato has an overall rating, 4.9 out of 5, the highest number of reviews on Gartner Peer InsightsTM, as of May 19, 2025. Customers who have shared their experience of using Workato in the past year include:

Workato: A User-friendly Solution for All Automation Needs,” said an Integration Engineer from the Travel & Hospitality industry”Diversity of Connectors and Onboarding Charm Users,” said an IT manager from the Consumer Goods industry”Workato’s Flexible Integration Tool for Diverse Skill Levels,” said an Automation Management Engineer from the Services (non-government) industry”Workato Excels in Flexibility and Multi-ERP System Connectivity,” said a Director, Market Development from the Banking industry”Overcoming Challenges in Advanced Feature Usage with Workato,” said a Vice President of Academic Affairs from the Education industry”Unveiling Internal Automation and Integration with Priority,” said an Engineer from the Energy and Utilities industry

“Our industry is witnessing the remarkable evolution of iPaaS, especially with the infusion of AI orchestration. The future of iPaaS goes beyond traditional integrations, transforming into enterprise orchestration platforms that enable intelligent and composable business processes,” said Markus Zirn, Chief Strategy Officer at Workato. “It is through the trust and collaboration of our customers that we continue to advance and shape the future of automation and integration. We are excited to continue this journey together, exploring new frontiers and unlocking new possibilities for business transformation. We believe being named a Leader by Gartner with the furthest in completion of vision is a testament to our team’s dedication to transforming the industry.”

A Gartner Magic Quadrant provides a graphical competitive positioning of four types of technology providers in markets where growth is high and provider differentiation is distinct.

This recognition follows a year of milestones and acceleration for the company including recently announced strategic alliances with Amazon Bedrock and Anthropic, and the launch of Workato One, the industry’s only platform that brings together everything organizations need to build and deploy secure, trusted, enterprise-ready agents with full business context across the core of the enterprise. Along with being named to this year’s Deloitte Technology Fast 500 and Forbes Cloud 100 rankings, Workato also experienced a year of growth from a leadership standpoint, appointing the company’s first Chief Go-to-Market Officer, Chief of AI Products & Solutions, and a new head of Product & Engineering.

Access a complimentary copy of the report and learn more about Workato here.

Gartner, Magic Quadrant for Integration Platform as a Service, Andrew Humphreys, Andrew Comes, Keith Guttridge, and Allan Wilkins.,19 May 2025.

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designations. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner, Voice of the Customer for Integration Platform as a Service, 31 July 2024, By Peer Contributors

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

About Workato

Workato transforms technology complexity into business opportunity. As the leading Agentic Orchestration company, Workato empowers enterprises to connect and unify data, processes, applications, and experiences. Its AI-driven platform enables teams to navigate complex workflows in real-time, driving efficiency and agility. Trusted by more than 12,000 global customers, Workato empowers organizations of every size to unlock new value and lead in today’s fast-changing world. Learn how Workato helps businesses of all sizes achieve more at workato.com.

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SOURCE Workato

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Sennheiser Strengthens Role in Spectrum Dialogue as Official Audio Partner at the 11th Asia-Pacific Spectrum Management Conference

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SINGAPORE, May 23, 2025 /PRNewswire/ — Sennheiser has proudly participated in the 11th Asia-Pacific Spectrum Management Conference as the Official Audio Partner. Held in Bangkok, Thailand from 13 – 14 March 2025, this event brought together global policymakers, regulators, and industry leaders to address the most pressing spectrum issues shaping the future of wireless communication and connectivity in the Asia-Pacific region. This event is part of The Global Spectrum Series, the world’s largest collection of regional spectrum policy conferences.

Sennheiser has been an active participant and sponsor of the Asia-Pacific Spectrum Management Conference since 2013, promoting the inclusion of PMSE (Programme Making and Special Events) in spectrum policy dialogues and, more specifically, highlighting the inherent need for allocation of frequency bands to operate wireless microphone systems in the region.

Sennheiser was represented at this year’s conference by Vaughan John, Spectrum Policy and Standards Manager, who contributed to an expert panel discussion, shedding light on the evolving influences of 5G on PMSE. John also shared insights on the “5G Story in Audio PMSE,” highlighting how the new DECT NR+ standard will finally make the promises of 5G towards PMSE come true, and elaborating on the work of the MERCI project.

“As new spectrum policies emerge, it is critical for PMSE to have a voice in the conversation,” said John. “Sennheiser is committed to collaborating with regulators and stakeholders to ensure the needs of the audio industry are included in discussion when developing spectrum policy—especially in regions as diverse and dynamic as Asia-Pacific.”

“DECT NR+ will fulfil the promises that 5G made towards PMSE users,” says Vaughan John, Spectrum Policy and Standards Manager at Sennheiser

Sennheiser’s involvement in the conference highlights its long-standing engagement with spectrum policy and its ongoing mission to protect and promote spectrum access for wireless microphones and audio PMSE users.

The Asia-Pacific Spectrum Management Conference, organized by Forum Global in partnership with the Asia-Pacific Telecommunity (APT) and the International Telecommunication Union (ITU), featured sessions focused on spectrum harmonization, mid-band deployment, 6G innovation, and regulatory frameworks for satellite and direct-to-device connectivity.

Sennheiser remains dedicated to supporting the global audio community through thought leadership, industry partnerships, and technology solutions that meet the demands of today’s wireless landscape.

About the Sennheiser brand

We live and breathe audio. We are driven by the passion to create audio solutions that make a difference. Building the future of audio and bringing remarkable sound experiences to our customers – this is what the Sennheiser brand has represented for more than 75 years. While professional audio solutions such as microphones, meeting solutions, streaming technologies and monitoring systems are part of the business of Sennheiser electronic GmbH & Co. KG, the business with consumer devices such as headphones, soundbars and speech-enhanced hearables is operated by Sonova Holding AG under the license of Sennheiser.

www.sennheiser.com

www.sennheiser-hearing.com

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SOURCE Sennheiser Electronic Asia Pte Ltd

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Tanmiah Food Company Signs Two MOUs with Leading U.S. Companies During the Saudi-U.S. Investment Forum

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These partnerships aim to accelerate agri-food innovation, AI integration, and halal product development in support of Vision 2030

RIYADH, Saudi Arabia, May 23, 2025 /PRNewswire/ — Tanmiah Food Company (“Tanmiah”, “TFC” or the “Company”, 2281 on the Saudi Exchange), established in 1962, one of the Middle East’s leading providers of fresh poultry, processed proteins, animal feed, health products and restaurants operator, was formally recognized for its transformative Memorandum of Understanding (MoUs) with Griffith Foods and Poulta Inc. during the Saudi-US Investment Forum in Riyadh yesterday.

These strategic partnerships with U.S. companies reflect Tanmiah’s ongoing commitment to collaborating with international partners and bringing global expertise into the Kingdom. They also underscore our focus on unlocking value across our integrated business units through automation, advanced R&D, and innovation with the aim of positioning Saudi Arabia as a global hub for halal products, ingredients, best-in-class practices, and cutting-edge agri-technologies.

The MoU with Griffith Foods outlines plans to develop a dedicated production and R&D facility in Saudi Arabia for 100% halal food ingredients—including sauces, seasonings, and spice blends—tailored to the tastes of Saudi and regional consumers. The project will support local manufacturing and help position the Kingdom as a regional hub for halal ingredient production. As the halal industry increasingly emphasizes ethical sourcing, sustainability, and innovation, Tanmiah stands at the forefront of this transformation.

By combining Tanmiah’s strong market presence with Griffith Foods’ global ingredients expertise, the collaboration aims to deliver healthy, locally developed, and globally competitive solutions that align with evolving consumer expectations in both domestic and export markets.

The MoU with Poulta Inc., a U.S.-based agricultural technology company, to accelerate the digital transformation of Tanmiah’s poultry production chain lays the foundation for automating Tanmiah’s farms and facilities using advanced technologies ranging from the Internet of Things, big data, cloud computing and generative AI. The partnership will include the establishment of a joint venture to provide digital transformation services to the broader regional livestock businesses, as well as an R&D center in Saudi Arabia dedicated to agri-tech innovation.

Through this collaboration, Tanmiah aims to enhance operational efficiency, reduce costs and carbon emissions, and promote smart resource management while adopting higher standards of animal welfare, better delivery of healthy halal food through data-driven decision-making and integrated automation across its business segments.

Commenting on the recognition, His Excellency Amr Al-Dabbagh, Chairman of Tanmiah Food Company, stated:

“These strategic partnerships reflect our long-term vision to place Saudi Arabia at the heart of global halal food innovation. By joining forces with trusted international partners, we are creating a future where sustainable, healthy, halal food production, advanced technology, and local expertise collaborate to serve the region.” 

Zulfiqar Hamadani, Group CEO of Tanmiah Food Company, added:

“At Tanmiah, we see innovation and sustainability as inseparable. Through these agreements, we are accelerating our journey toward intelligent, data-driven operations that not only improve efficiency and animal welfare but also strengthen our ability to deliver high-quality, sustainable, healthy, halal food in line with the evolving consumer expectations.”

These milestone agreements underscore Tanmiah’s unwavering commitment to aligning with Saudi Vision 2030 by fostering innovation, enhancing local capabilities, and promoting global partnerships that drive economic diversification. As Tanmiah continues to scale its impact, the company remains dedicated to shaping the future of food—where technology, sustainability, and halal excellence converge to meet the needs of a growing global population.

About Tanmiah Food Company

Tanmiah Food Company, established in 1962, is one of the Middle East’s leading providers of fresh poultry, processed proteins, animal feed and health products, and a restaurants operator. It is a publicly listed Company on the Saudi stock market. It is worth noting that Al-Dabbagh Holding Group Company is a partner and founding shareholder of Tanmiah Food Company. Tanmiah’s fully integrated and highly efficient business model includes production, further processing, and distribution with products sold in Saudi Arabia, the UAE, Bahrain, Oman, Jordan, and Kuwait. As of 31 March 2025, Tanmiah operates 150 farms as well as seven hatcheries, four feed mills, and four primary processing plants, and, through its joint venture operations, it operates four further processing plants. Tanmiah distributes its products through a network of wholesalers, retailers, and food service outlets, as well as online directly to consumers. Sustainability is a core principle at Tanmiah, with initiatives including planting a million trees, using wastewater from its facilities, and turning waste products into fertilizer. For more information, visit www.tanmiah.com 

Photo: https://mma.prnewswire.com/media/2694964/Tanmiah_MOU_1.jpg
Photo: https://mma.prnewswire.com/media/2694983/Tanmiah_MOU_2.jpg

 

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